But as anyone who works in the oil patch knows, booms and busts are an integral part of the industry. Elko's fortunes rise and fall with the price of gold, so one would hope that its millionaire population is properly diversified. Here are the top 10 richest places in the U.S., according to Bloomberg: For the full list of 200, take a look at Bloomberg's ranking. Theres also a home for sale 6.8 times that size (15,300-square-foot) and more than 19 times that price, listed at $32 million. ETFs Since then, the 2020 median household income has been reported as $67,521, a 2.9 percent decrease since 2019, . The economy in Los Alamos is supported by the Los Alamos National Lab -- a research and development center for the Department of Energy and the National Nuclear Security Administration. Hampton is a small seaside Census-designated place of approximately 9,000 residents in Rockingham County. the Reasons To Do It, Making A Restaurant Thrive Finding The Best Chef, Critical Mistakes to Avoid in Strategic Communication, Overcoming the Challenges of Launching a Unique Business, Inclusion and Diversity at CEOWORLD magazine. Educational attainment is one of the largest determinants of income. Oak Harbor itself plays host to nearby Naval Air Station Whidbey Island. The North Star State hits hard with income tax and property taxes are on the high side, too. The surrounding area is home to a number of tech companies, including Intel and Tektronix and textile companies like Columbia Sportswear and Nike. The wealthiest place in the state, New Albany has a median household income of $203,194, nearly four times the income the typical Ohio household earns annually. People with higher educational attainment are more likely to hold higher-paying jobs. Happily, for all of Elko's residents, Nevada is a no-income-tax haven, and one of Kiplinger's top 10 most tax-friendly states. Rock Springs has since transitioned from coal to an economy dependent on trona mines and oil and gas, and is today the wealthiest small town in Wyoming. More than half of all adults in the area have a bachelor's degree or higher, compared to 35.3% of adults living in Washington state. The typical home in University Park is worth $1.2 million, compared to the median home value of $161,700 statewide. Complete list click for interactive table. Jackson is a town in Wyoming's famed Jackson Hole valley. Indeed, benchmark U.S. crude oil is off about 35% over the past year. "The homes in Atherton are spectacular," Swann told CNBC Make It. Around 276,400 millionaires, 623 centimillionaires and 62 billionaires live in the San Francisco Bay area, which includes Silicon Valley. In comparison with most other states, Mississippi's most expensive neighborhood isn't actually all that expensive especially when you consider that the median home value in Florida is more than $8 million. It also helps that New Hampshire is a relatively tax-friendly state (opens in new tab). Warren Buffett Stocks Ranked: The Berkshire Hathaway Portfolio. Median household income: $161,641 (state: $59,445), Poverty rate: 5.8% (state: 12.8%), Median home value: $602,000 (state: $174,100). New! Nearly 60% of Highland residents 25 and older hold at least a bachelor's degree, as compared to 33.3% of Utah adults. The typical household in Vermont earns about $60,000 a year, in line with the national median household income. For the fourth straight year, Atherton topped Bloomberg's Richest Places annual index. Inverness is a suburb located some 33 miles northwest of downtown Chicago in Cook County. This island off the coast of Cape Cod the Census Bureau classifies the entire island as part of the Vineyard Haven micro area is one of the most desirable summer vacation spots in the Northeast and has long been a favorite of the rich, the famous and the powerful. Fitness buffs have plenty of options: In the snowy Minnesota winter, you can cross-country ski along miles of groomed trails or snowshoe through Carleton's Cowling Arboretum. Oxnard-Thousand Oaks-Ventura, California. In Brandon, most households earn over $84,000 a year, about $28,000 more than the typical South Dakota household. A popular New England vacation destination, Hampton is home to some of the most expensive houses in New Hampshire. This city in the oil-rich Bakken Formation soon found itself home to fracking millionaires. Top 100 cities with highest median household income Previous toplist Next toplist . America's 100 richest towns have been revealed by Bloomberg's annual index, with the highest-paid town averaging an income of over $500,000. The typical area home is worth about $645,000, nearly double the value of the typical New Jersey home. Below are the 11 Chicago area towns that made the list with their rankings. Kip ETF 20: The Best Cheap ETFs You Can Buy. Like many prosperous communities, New Albany is growing rapidly. In Tega Cay, less than 1% of residents live below the poverty line. List of Top 10 Highest Paid News Anchors in India. T-shirts, pillows, running shoes and even underwear are being sold, Hertz is selling thousands of used cars in its fleet in bankruptcy at bargain prices, Money tips and advice delivered right to your inbox. For more sedentary folks, Breckenridge hosts the National Repertory Orchestra every summer and the Breckenridge Film Festival every autumn. Its closest competitor, the quaint Hamptons village of Sagaponack, had a median price that, at $3.9 million, was about half of Atherton's. Keep reading for a closer look at the 27 most expensive . The Mount Washington weather station, Skiing, luxury shopping, world famous film festivals the Summit Park, Utah, area has everything a millionaire could ask for and more. One of the primary determinants of income is education. Although Torrington might be hidden in the northwest corner of the state, millionaires can't escape Connecticut's onerous tax bite (opens in new tab). Many high-income residents likely commute to high-paying jobs in the Seattle area. North Star, Delaware, located about 10 miles west of Wilmington and 35 miles southwest of Philadelphia, has a median household income of $141,533, more than double the statewide median of $65,627. For the fourth year in a row, the suburb of Atherton, California topped Bloomberg's annual Richest Places Index. Realtor. The typical household earns $127,351 a year, more than double the $59,393 the typical Oregon household earns. In fact, according to the Organization for Economic Co-operation and Development, the U.S. ranks 10th in the number of hours worked per country (Mexico, C Speaking of wealth, Atherton's average household income is a mind-boggling $525,324, up $74,638 since 2017, when it was last recorded by Bloomberg. New Albany is a suburb of the Columbus metro area, located less than 15 miles northeast of the Ohio state capital. Atherton isn't the only town touting notable wealth, though. The typical Hampton household earns $92,688 a year, the most of any small town in New Hampshire and far more than the $74,057 state median household income. Greenville's median home value is more than triple that of New York state, at over $950,000. Higher prices have been a major headache for investors, but these best inflation-proof stocks could help ease the impact. This table shows the astonishing list of wealthiest counties in America by average household income. Median household income: $153,417 (state: $53,267), Poverty rate: 5.5% (state: 14.8%), Median home value: $919,800 (state: $196,800). His wealth has rocketed to $10.9 billion from $4.6 billion in 2020. Grant Suneson, Evan Comen and Samuel Stebbins. The median household income in Paradise Valley is nearly four times as high as the median in Arizona. Much of Alaska's wealth is tied to the energy business. Not all parts of the state are low income, however. Median household income: $210,511 (state: $76,106), Median home value: $1,461,100 (state: $272,700). Greenville is a relatively short commute to New York City, providing its residents access to the many high-paying jobs. Does it really matter if Aunt Jemima and Uncle Ben get retired? Settled by a diverse community of immigrant coal miners in the late 19th century, the population of Rock Springs has grown from 3,406 in 1890 to 23,633 today. The Phoenix suburb has a median home value of just over $1.5 million -- by far the highest of any small city or town in the state. It is one of the most educated towns in the state, with 48% of the population holding a bachelor's degree. Median household income: $159,167 (state: $50,972), Poverty rate: 0.8% (state: 16.1%), Median home value: $649,000 (state: $158,600). Median household income: $80,513. CEOWORLD magazine - Top Stories - C-Suite Lifestyle - RANKED: These Are The 50 Richest Towns To Live In The United States, 2020. The median household income in Edgeworth is $161,641, making it the wealthiest municipality in Pennsylvania. Concord also is a major distribution, industrial and transportation hub. Centerton is the fastest growing small city or town in Arkansas and one of the fastest growing places in the entire country. The area sits between Lake Winnisquam and Lake Winnipesaukee in the middle of New Hampshire's famed Lakes Region. As for taxes, millionaires could do worse. Fully 8.7% of Heber's 9,567 households have at least $1 million in investable assets. Median homes prices top the U.S. median by more than $159,000. Buzz60's Tony Spitz has the details. Highland, Utah, is located between Salt Lake City, the largest metro area in the state, and Provo, home to Brigham Young University, the state's largest college. At the same time, the town offers easy access to several major cities. Another attractive aspect of the area is that the City of Lebanon operates Storrs Hill, a 20-acre ski area that hosts three ski trails, two ski jumps, a surface lift and ski lodge. Watch on. They have new homes, drive new cars, and have bright futures. You might think Palm Beach would easily . For each location in the U.S., Bloomberg evaluated inflation-adjusted household income data from the past 12 months, with a minimum of 2,000 households, and ranked each by average household income. Atherton, California tops the list for the fourth . In the last five years, the number of people living there jumped by 33.9%. In this article we take a look at the 30 richest cities in the United States. 4); and Los Altos Hills, California (No. The Beehive State ranks well in every category we measured. Fly fishing, hiking and whitewater rafting draw folks to town in the summer months. West Virginia's median household income is one of the lowest among states, at just under $45,000. Concord also benefits from being within easy reach of Laconia and the state's famed Lakes Region, as noted earlier. Occasionally however, several cities of similar status and their suburbs make up an . Individuals with greater educational attainment are more likely to have high-paying jobs. Bethany is the most affluent neighborhood in Oregon. The 25 Best Low-Fee Mutual Funds You Can Buy. Median household income: $93,194 (state: $52,559), Poverty rate: 2.4% (state: 13.7%), Median home value: $331,900 (state: $219,600). Median household income: $93,364 (state: $51,424), Median home value: $205,100 (state: $130,900). Most homes in Belvedere are worth more than $2 million. Source: Bloomberg. 24/7 Wall St. reviewed the median annual household income in over 2,600 cities, towns, villages, and census designated places to identify the richest town in every state. Water views, rolling hills and a verdant landscape (at least in the warmer months) make for many an idyllic scene. Genesee is the most highly-educated small city or town in Colorado, as 79% of residents 25 and older hold at least a bachelor's degree. 1 city on the list is . All Rights Reserved. As is typical among the cities and towns on this list, Essex Junction is within commuting distance of a larger urban area. In many cases, the chef is why someone visits a restaurant. Here are nine of the best stocks for rising interest rates. Edgeworth was originally developed in the late 19th century as a haven for managers and professionals wanting to escape the pollution of industrialized Pittsburgh, and today it has some of the most expensive homes in the state. The downside? Antigua and Barbuda Citizenship by Investment Program (CIP), St. Lucia CIP: Saint Lucia Citizenship By Investment Program, Vanuatu CIP: Vanuatu Citizenship By Investment Program, Montenegro Citizenship By Investment Program (CIP), Moldova CIP: Moldova Citizenship By Investment Program, Turkey CIP: Turkey Citizenship By Investment Program, Portugal Golden Visa Program. This prosperity has likely attracted many new residents to Jenks -- the population grew by more than 24%, from less than 18,000 in 2013 to over 21,000 in 2018. Top employers in Elko County include the Elko County School District and West Wendover Casinos. The city's great appeal is no secret. The median annual household income in America is just over $60,000. On the plus side, Alaska is one of the most tax-friendly states in the union (opens in new tab). Nevin Rudloff October 8, 2020 . 20 Best Stocks to Buy for the New Bull Market. In Avondale Estates, 74.8% of adults have at least a bachelor's degree, the largest share of any city in Georgia and more than twice the state college attainment rate of 30.7%. The Boston suburb of Winchester has a median household income of nearly $160,000 a year -- more than double the statewide median of $77,378, which itself is one of the highest among states. With an average household income of more than $525,000, Atherton, California is the richest town in the United States, that's according to a Bloomberg report. Dalton Gardens is north of Coeur d'Alene, Idaho, and across the border from Spokane, Washington, giving its residents access to two major population centers where they can find employment. Los Alamos sounds like an unlikely place to find a lot of millionaires, but we're talking about the concentration of millionaire households, not the total number of millionaires. To clarify: That means they have at least $1 million in investable assets. Launching and succeeding with an innovative, one-of-a-kind business is an exhilarating yet daunting journey. Now in its 17th edition, this year's Report provides a detailed analysis on economic performance, wealth creation and asset classes around the globe, as well as our forecast for commercial and . This level of education qualifies Genesee residents for many of the high-paying jobs in the Denver area. This city is in proximity to Los Angeles. Median household income: $105,000 (state: $57,422), Poverty rate: 2.7% (state: 12.4%), Median home value: $352,200 (state: $145,400). With its covered bridges, forests and rivers, the scenery is gorgeous. With everything from ski resorts to beaches, the Lake Tahoe area offers year-round activities for well-heeled tourists and full-time residents alike. The typical Whitefish Bay household earns $117,300 a year, nearly twice the $59,209 state median household income and the $60,293 national figure. . 30.0. So it should come as no surprise that Breckenridge would make the cut. The village was originally incorporated in 1892 as a means to organize a school system for the children of farmers, and today it is the wealthiest small town in Wisconsin. Future US, Inc. Full 7th Floor, 130 West 42nd Street, Ireland, on the rise thanks to favorable corporate tax policies, is projected to hit #1 by 2027.; The resource-rich land with the world's biggest economy, the United States, ranks 9th on the list. With an average household income of more than $525,000, it became the first and so far only community to . Back out things such as the value of real estate (the bulk of most folks' wealth is tied up in their homes), employer-sponsored retirement plans and business partnerships, and only 6.7% of American households qualify as millionaires. 3); and Cherry Hills Village, Colorado (No. The small resort city about 160 miles west of Denver is loaded with fun stuff to do and not just in winter, when skiing is the main attraction in the Colorado Rockies. We added hundreds of new lists - see our top 101 city lists. Large concentrations of high-net-worth households are found in surprising locales across the U.S. Atherton. With a median home value of $316,500, the typical home in the town has a median value more than double the median home value across the state as a whole. The town is centered by Hidden Valley Lake. The following list of cities is limited to "micropolitan" areas, which the Census Bureau defines as urban clusters with populations between 10,000 and 50,000, "plus adjacent territory that has a high degree of social and economic integration with the core as measured by commuting ties.". With over 55% of residents 25 and older holding at least a bachelor's degree, Robins one of Iowa's most highly educated towns with residents qualified for the many high-paying jobs available nearby in places like Cedar Rapids. The tiny town about 35 miles northwest of Santa Fe is home to a government nuclear weapons laboratory and a number of chemists, engineers and physicists. After the analysis was over, we crowned Cary as the richest city in America for 2022. West Palm Beach, Florida. In his current role at Kiplinger, Dan writes about equities, fixed income, currencies, commodities, funds, macroeconomics and more. This helps qualify Highland residents for the many high paying jobs available in the area, such as those in higher education, health care, and tech. Adjusted median household income: $103,100. Dan holds a bachelor's degree from Oberlin College and a master's degree from Columbia University. From metro areas on both coasts to the middle of the Pacific Ocean, these are the priciest cities in the U.S. to call home. Wanna be a billionaire? For the second year since Bloomberg started to compile the Richest 100, the nation's top spot is Atherton, California. Genesee is a small Census designated place located less than 20 miles west of Denver. Most households in the town earn more than $150,000 annually, and more than one-third earn over $200,000. Less than 2% of the town's 5,500 residents live below the poverty line, a fraction of the state poverty rate. For year-round activities, the Heber Valley features five 18-hole championship golf courses, three state parks and a historic tourism railroad. Click to skip ahead and jump to the 10 richest cities in the United States. Corporate giants shouldn't be applauded for helping to solve crises their own policies have helped cause, writes Linsey McGoey. Reply. In winter, it's all about skiing. Of all area residents 25 and older, 70.6% have a bachelor's degree or higher compared to 28.6% of adults across the state as a whole. It's a small area with a small population but a large percentage of highly educated and highly trained engineers and scientists. But high concentrations of millionaires can be found in some far-flung places too. Bridgeport, just south of Morgantown and West Virginia University, has the highest four-year college attainment rate of any town in the state, at 50.7%. The Beehive State isn't as tax-friendly as it used to be (opens in new tab). Long work hours means more stress and less family time. 2020-10-14T13:25:00Z . More importantly, it makes Laconia a relatively easy drive from points farther south where millionaires maintain their primary residences. While many of the highest paying jobs tend to concentrate near large population centers, there are also smaller towns that are very prosperous. By comparison, the median household income across Pennsylvania is $59,445. This idyllic town has all the charms of Old Florida--a thriving fishing industry, mom-and-pop eateries, and, of course, beaches built for casual strolling. The title of most expensive town in Florida goes to the South-West beachside paradise, Boca Grande. New Mexico's personal income tax rates top out at 4.9% on taxable income over $16,000 for single filers and over $24,000 for married couples filing jointly. The town of six square miles is near Palo Alto, Stanford University and . America is often known in the world as the . In Dellwood, some 75.2% of adults have a bachelor's degree, more than twice both the state bachelor's degree attainment rate of 35.4% and the national rate of 31.5%. Too cold outdoors? Feb 25, 2020, 3:05pm Updated on Feb 25, 2020. Analysts say a tough 2022 has left these small-cap stocks priced for outperformance in the new year and beyond. The typical household in Rock Springs earns $75,441 a year, more than the $62,268 state median household income but less than the vast majority of places on this list. Published 6 January 23. real estate Published 11 January 23. stocks SECURE 2.0 Act Lets Retirees Defer Some Taxes Longer, Best AI Stocks to Buy: Smart Artificial Intelligence Investments, The 6 Safest Vanguard Funds to Own in a Bear Market, 10 Big U.S. Cities With the Cheapest Apartment Rents, 7 Best Small-Cap Stocks to Buy for 2023 and Beyond, New Hampshire is a relatively tax-friendly state, North Dakota is one of the nation's more tax-friendly states, But for more modest incomes, the impact is far milder, and property taxes are low, reputation as a high-tax state is overblown. The median household income is $94,027, and the median home value is $503,000. Hudson has become popular with millionaires and non-millionaires alike thanks to its myriad restaurants, art galleries and nightlife. There are obviously more than a few high rollers in this area as the median household income is $121,149 and housing isn't much better at a median cost of $479,700. The nearby world-class resorts of Vail and Beaver Creek draw big-spending skiers hoping to see and be seen all winter long. Its content is produced independently of USA TODAY. The sun-kissed island and nearby neighbors offer a tropical paradise in the good ol' U.S. of A. Median household income: $92,688 (state: $74,057), Poverty rate: 4.3% (state: 7.9%), Median home value: $358,300 (state: $252,800). The boom times looked to be rolling again in North Dakota until COVID-19 gutted oil demand. By Jeff Reeves Seattle-Tacoma-Bellevue. Here are . 1 Bethany ($121,149) This town is the richest in the entire state of Oregon and it even has a larger population of 20,646. Millionaires in America 2020: All 50 States Ranked. Hefty income taxes and high property taxes make the Empire State one of Kiplinger's 10 least tax-friendly states. Carson City, capital of the Silver State, is just 20 miles to the north of Gardnerville Ranchos, and high rollers can reach Reno's casinos in an hour. [2] Sree Venkateswara Swamy Temple. Most such agglomerations are economically, socially and culturally dominated by one city at their centre. The typical home in Fairway is worth $352,000. As a senior writer at AOL's DailyFinance, Dan reported market news from the floor of the New York Stock Exchange and hosted a weekly video segment on equities. The bottom 90% hold less than 25% of the total wealth. Tega Cay, South Carolina, is located on a peninsula along Lake Wylie, just south of the border with North Carolina. Median household income: $223,182 (state: $71,228), Poverty rate: 2.3% (state: 14.3%), Median home value: $2,000,000+ (state: $475,900). Here is the list of top 14 wealthiest towns in America as of March 2023 1. A long-time financial journalist, Dan is a veteran of SmartMoney, MarketWatch, CBS MoneyWatch, InvestorPlace and DailyFinance. It has ranked in the top five of Outside magazine's best places to live in America, and Southern Methodist University once named it the "Most Vibrant Small Town Arts Environment in the United States. Sure, Utah ranks as the second richest state in the country. Walmart is the largest employer in Benton County, where Centerton is located. 5). Wealthy areas tend to be home to well-educated populations -- and Bloomfield Hills is no exception. Dallas. According to Niche, the national percentage is 20%. Find the full list of America's 100 Richest Places on Bloomberg. Median household income: $74,172 (state: $43,567), Poverty rate: 3.8% (state: 20.8%), Median home value: $177,900 (state: $114,500). 25% of the total families in US don't even have $10,000. Most homes in Pinecrest are worth over $900,000, while most Florida homes are worth less than $200,000. Mississippi: Sherwood-Audubon Area, Jackson. However, when it comes to the highest concentration of . The typical Montana City household earns $93,194 a year, the most of any small city or town in Montana and far more than the $52,559 state median household income. Overall, Tulsa in 1921 was considered a modern, vibrant city. And thanks to abundant revenue that the state collects from oil and mineral rights, Wyoming millionaires shoulder one of the lowest tax burdens in the U.S. For those living in Idaho, the tax situation is a bit more mixed (opens in new tab). Median household income: $73,015 (state: $45,726), Poverty rate: 8.8% (state: 17.6%), Median home value: $170,700 (state: $123,300). And while it helps to be a millionaire to live in Juneau, it's increasingly difficult to become one. . The No. (It's an in-state draw for all the millionaires from the Stamford area, too. But the area offers much more than pricey lift tickets and celebrity spotting. Great Falls is just across the Potomac River from Maryland and a short commute away from Washington, D.C., giving residents access to the many high-paying jobs available in the area in government and with government contractors. Revealed: Countries With The Fastest Internet Speeds, 2020, Why Acting Like An Entrepreneur May Be Killing Your Business, Best Universities For Doctor of Business Administration (DBA), 2022, Worlds Best Hospitality & Hotel Management Schools, 2022, Antigua and Barbuda Citizenship by Investment Program (CIP), St. Lucia CIP: Saint Lucia Citizenship By Investment Program, Vanuatu CIP: Vanuatu Citizenship By Investment Program, Montenegro Citizenship By Investment Program (CIP), Moldova CIP: Moldova Citizenship By Investment Program, Turkey CIP: Turkey Citizenship By Investment Program, These are the worlds trendiest countries, 2023, Living in the Countryside? It is worth noting that the data used for this story represents a time before the coronavirus pandemic. To compiler their 2020 list of the 50 richest places, Bloomberg "evaluated . He has written for The Wall Street Journal, Bloomberg, Consumer Reports, Senior Executive and Boston magazine, and his stories have appeared in the New York Daily News, the San Jose Mercury News and Investor's Business Daily, among other publications. America's 50 richest towns: Silicon Valley community leads the list for the fourth year in a row with average household income of $525,000. The appeal of Key West to millionaires and heck, everyone is pretty self-evident. For example, giant brands like The Coca-Cola Company (NYSE: KO ), Walmart Inc. (NYSE: WMT ), oil companies like Exxon Mobil Corporation (NYSE: XOM ), and many U.S.-based airlines, American . This is followed by Los Angeles with 52 billionaires, and San Francisco and Chicago, who each have 44 billionaires. In some cases, these locations benefit from being popular recreational areas or havens for wealthy retirees. Prince William County, Virginia $106,200 Some 22.6% of households earn $200,000 or more, more than five times the comparable 4.4% of households throughout Wisconsin. In Essex Junction, the wealthiest small city or town in the state, the median household income is just $75,439. With three major ski resorts and an abundance of other year-round recreational activities, it's easy to see the appeal for those with means. The Faribault-Northfield area is so desirable that Kiplinger has named it a great place to retire. 20 Dividend Stocks to Fund 20 Years of Retirement, Torrington is the largest town in Litchfield County, which has long been a popular retreat for Manhattan's wealthy and chic looking for a remote, mountainous retreat. Clarkson Valley is the only small city or town in the state where more than 75% of the adult population has a bachelor's degree or higher. Edgeworth is a small borough of approximately 1,600 residents located some 12 miles up the Ohio River from downtown Pittsburgh. Pound Ridge, NY (pop. Check out: The best credit cards of 2020 could earn you over $1,000 in 5 years, Get Make It newsletters delivered to your inbox, Learn more about the world of CNBC Make It, 2023 CNBC LLC. Posted Mon, Feb 24, 2020 at 12:35 pm ET. Rank Metropolitan statistical area Population Per capita income 1 Washington-Arlington-Alexandria, D.C-Virginia-Maryland MSA 5,949,178 $47,411 The typical home in Montana City is worth $331,900, the most of any city with a population between 1,000 and 25,000 in Montana and far more than the $219,600 state median. Not only is there no state income tax, but the government actually pays residents an annual stipend. NEW ALBANY, OH A Bloomberg report identified the 100 richest towns in America, and three Ohio cities made the cut. Sign up here, Your California Privacy Rights/Privacy Policy. As is often the case in wealthy communities, real estate is not cheap in Darien. Reply. Median household income: $204,145 (state: $56,213), Median home value: $1,505,300 (state: $209,600). The three largest employers in Linn County, where Robins is located, are in the aerospace, insurance, and health care fields, all of which can pay relatively high salaries. Looking at the poorest cities in the U.S., there are certainly some geographic patterns that emerge. Perhaps best known is Hanover, N.H., which forms the northern tip of this urban agglomeration. Cumberland Hill is a small Census-designated place of about 8,000 residents located in northern Rhode Island. ), "There's something for everyone: art galleries, outdoor activities, shopping, great food. It has a higher share of wealthy residents than any other small city or town in New York, with 56.9% of households earning at least $200,000 per year. If there's a silver lining, it's that North Dakota is one of the nation's more tax-friendly states (opens in new tab).
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