Income

The Richest Town In Every US State

JenniferPhotographyImaging / iStock via Getty Images

Wealth inequality in the United States is continuing to grow. The average income of the wealthiest 0.01 percent of households grew 17 times as fast as the income of the bottom 20 percent of earners between 1979 and 2020, according to the Congressional Budget Office. In many parts of the country, annual household incomes exceed the national average by tens or hundreds of thousands of dollars. 

Generating $25.5 trillion in 2022, the United States has the largest economy in the world. Wealth accumulation at the household level is driven largely by earned income. The latest data from the U.S. Census Bureau’s American Community Survey shows that American households earn an average of about $105,800 each year. 

Education factors into earning potential. In all but nine towns on this list, over half of all adult residents have a bachelor’s degree or higher. For comparison, the bachelor’s degree attainment rate is below 35% in most states and under 50% in every state. (Here is a look at the colleges and universities with the most upward mobility.)

Using five-year estimates from the Census Bureau’s 2022 ACS, 24/7 Wall St. identified the richest town in every state. We considered all 13,797 cities, towns, villages, and unincorporated communities with available data and populations between 1,000 and 25,000, and ranked them on average household income. All supplemental data are also five-year estimates from the 2022 ACS. (Also read: America’s poorest towns in every state.)

Why This Matters
dszc / iStock via Getty Images

The story of the American economy can be read in its towns, suburbs, and cities. As the industrial makeup of this country has shifted, so too have the places where the wealth is concentrated. Mining and boom towns and dilapidated major urban centers in the Rust Belt tell a story of the drying up of resources and outsourcing. The new money in California’s Silicon Valley and Utah’s Silicon Slopes are monuments to American technological innovation and venture capitalism. Suburbs of Boston, Washington, D.C. and New York City are outposts of American old money from the days of oil and railroad trusts. The United States is one of the wealthiest nations on earth, but also home to pockets of extreme income inequality. Looking at one end of the wealth spectrum can help shed light on what is going on at the other end.

Here is the richest town in every U.S. state.

 

Alabama: Mountain Brook

Public Domain / Wikimedia Commons
  • Household income (median): $267,337 (Alabama: $82,992)
  • Residents with a bachelor’s degree or higher: 85.8% (Alabama: 27.2%)
  • Unemployment rate (5-yr. avg.): 0.9% (Alabama: 5.1%)
  • Home value (median): $803,000 (Alabama: $179,400)
  • Population: 22,259

Alaska: Chena Ridge

prospective56 / iStock via Getty Images
  • Household income (median): $153,410 (Alaska: $110,602)
  • Residents with a bachelor’s degree or higher: 49.6% (Alaska: 30.7%)
  • Unemployment rate (5-yr. avg.): 6.0% (Alaska: 6.0%)
  • Home value (median): $359,000 (Alaska: $318,000)
  • Population: 5,321

Arizona: Paradise Valley

Focqus, LLC / iStock via Getty Images
  • Household income (median): $385,643 (Arizona: $98,569)
  • Residents with a bachelor’s degree or higher: 73.6% (Arizona: 31.8%)
  • Unemployment rate (5-yr. avg.): 2.5% (Arizona: 5.3%)
  • Home value (median): $2,000,001 (Arizona: $321,400)
  • Population: 12,672

Arkansas: Goshen

Suburban Sunset - Golf Course in Northville, MI
Michael Shao / Shutterstock.com
  • Household income (median): $218,407 (Arkansas: $79,592)
  • Residents with a bachelor’s degree or higher: 66.4% (Arkansas: 24.7%)
  • Unemployment rate (5-yr. avg.): 1.5% (Arkansas: 5.1%)
  • Home value (median): $590,000 (Arkansas: $162,400)
  • Population: 2,632

California: Atherton

Jaskaran Kooner / iStock via Getty Images
  • Household income (median): $594,651 (California: $130,718)
  • Residents with a bachelor’s degree or higher: 86.0% (California: 35.9%)
  • Unemployment rate (5-yr. avg.): 2.2% (California: 6.4%)
  • Home value (median): $2,000,001 (California: $659,300)
  • Population: 7,124

Colorado: Cherry Hills Village

denverjeffrey / Flickr
  • Household income (median): $486,405 (Colorado: $117,508)
  • Residents with a bachelor’s degree or higher: 85.2% (Colorado: 43.7%)
  • Unemployment rate (5-yr. avg.): 2.8% (Colorado: 4.5%)
  • Home value (median): $2,000,001 (Colorado: $465,900)
  • Population: 6,405

Connecticut: Tokeneke

Jennifer Yakey-Ault / iStock via Getty Images
  • Household income (median): $588,687 (Connecticut: $130,601)
  • Residents with a bachelor’s degree or higher: 96.7% (Connecticut: 41.4%)
  • Unemployment rate (5-yr. avg.): 5.7% (Connecticut: 5.9%)
  • Home value (median): $2,000,001 (Connecticut: $323,700)
  • Population: 2,575

Delaware: Greenville

Robert Kirk / iStock via Getty Images
  • Household income (median): $225,997 (Delaware: $104,600)
  • Residents with a bachelor’s degree or higher: 81.7% (Delaware: 34.5%)
  • Unemployment rate (5-yr. avg.): 3.5% (Delaware: 5.4%)
  • Home value (median): $936,500 (Delaware: $305,200)
  • Population: 2,824

Florida: Palm Beach

MargaretW / iStock via Getty Images
  • Household income (median): $365,991 (Florida: $96,992)
  • Residents with a bachelor’s degree or higher: 68.5% (Florida: 32.3%)
  • Unemployment rate (5-yr. avg.): 5.6% (Florida: 5.0%)
  • Home value (median): $1,679,800 (Florida: $292,200)
  • Population: 9,205

Georgia: Druid Hills

kenlund / Flickr
  • Household income (median): $212,511 (Georgia: $99,345)
  • Residents with a bachelor’s degree or higher: 85.7% (Georgia: 33.6%)
  • Unemployment rate (5-yr. avg.): 3.3% (Georgia: 5.2%)
  • Home value (median): $744,600 (Georgia: $245,900)
  • Population: 8,467

Hawaii: Poipu

Agnieszka Gaul / Shutterstock
  • Household income (median): $232,264 (Hawaii: $122,902)
  • Residents with a bachelor’s degree or higher: 49.2% (Hawaii: 34.7%)
  • Unemployment rate (5-yr. avg.): 2.3% (Hawaii: 4.7%)
  • Home value (median): $1,117,300 (Hawaii: $764,800)
  • Population: 1,085

Idaho: Hidden Spring

  • Household income (median): $200,967 (Idaho: $92,780)
  • Residents with a bachelor’s degree or higher: 61.4% (Idaho: 30.2%)
  • Unemployment rate (5-yr. avg.): 1.6% (Idaho: 3.7%)
  • Home value (median): $667,100 (Idaho: $331,600)
  • Population: 3,584

Illinois: Winnetka

anarchosyn / Wikimedia Commons
  • Household income (median): $458,988 (Illinois: $108,873)
  • Residents with a bachelor’s degree or higher: 89.6% (Illinois: 36.7%)
  • Unemployment rate (5-yr. avg.): 3.7% (Illinois: 5.9%)
  • Home value (median): $1,192,600 (Illinois: $239,100)
  • Population: 12,607

Indiana: Meridian Hills

ONUnicorn / Wikimedia Commons
  • Household income (median): $315,086 (Indiana: $88,805)
  • Residents with a bachelor’s degree or higher: 78.1% (Indiana: 28.2%)
  • Unemployment rate (5-yr. avg.): 3.7% (Indiana: 4.5%)
  • Home value (median): $648,400 (Indiana: $183,600)
  • Population: 1,745

Iowa: University Heights

Wikimedia Commons / American007
  • Household income (median): $177,971 (Iowa: $92,053)
  • Residents with a bachelor’s degree or higher: 87.8% (Iowa: 30.3%)
  • Unemployment rate (5-yr. avg.): 1.6% (Iowa: 3.8%)
  • Home value (median): $379,000 (Iowa: $181,600)
  • Population: 1,353

Kansas: Mission Hills

Iknowthegoods / Wikimedia Commons
  • Household income (median): $483,849 (Kansas: $94,263)
  • Residents with a bachelor’s degree or higher: 88.1% (Kansas: 34.7%)
  • Unemployment rate (5-yr. avg.): 0.5% (Kansas: 4.0%)
  • Home value (median): $1,159,900 (Kansas: $189,300)
  • Population: 3,567

Kentucky: Anchorage

Angry Aspie / Wikimedia Commons
  • Household income (median): $314,691 (Kentucky: $83,093)
  • Residents with a bachelor’s degree or higher: 79.5% (Kentucky: 26.5%)
  • Unemployment rate (5-yr. avg.): 6.1% (Kentucky: 5.1%)
  • Home value (median): $749,000 (Kentucky: $177,000)
  • Population: 2,419

Louisiana: Des Allemands

Public Domain / Wikimedia Commons
  • Household income (median): $168,016 (Louisiana: $83,169)
  • Residents with a bachelor’s degree or higher: 10.1% (Louisiana: 26.1%)
  • Unemployment rate (5-yr. avg.): 5.7% (Louisiana: 6.5%)
  • Home value (median): $142,400 (Louisiana: $198,300)
  • Population: 2,340

Maine: Falmouth Foreside

pavdw / Flickr
  • Household income (median): $241,544 (Maine: $91,599)
  • Residents with a bachelor’s degree or higher: 82.2% (Maine: 34.1%)
  • Unemployment rate (5-yr. avg.): 2.8% (Maine: 4.0%)
  • Home value (median): $617,100 (Maine: $244,800)
  • Population: 2,022

Maryland: Chevy Chase Village

  • Household income (median): $524,519 (Maryland: $129,642)
  • Residents with a bachelor’s degree or higher: 95.6% (Maryland: 42.2%)
  • Unemployment rate (5-yr. avg.): 2.5% (Maryland: 5.1%)
  • Home value (median): $2,000,001 (Maryland: $380,500)
  • Population: 1,885

Massachusetts: Dover

dougtone / Flickr
  • Household income (median): $484,787 (Massachusetts: $134,568)
  • Residents with a bachelor’s degree or higher: 86.3% (Massachusetts: 45.9%)
  • Unemployment rate (5-yr. avg.): 13.9% (Massachusetts: 5.3%)
  • Home value (median): $1,178,500 (Massachusetts: $483,900)
  • Population: 2,512

Michigan: Orchard Lake Village

Kesu01 / iStock via Getty Images
  • Household income (median): $356,177 (Michigan: $92,835)
  • Residents with a bachelor’s degree or higher: 66.2% (Michigan: 31.1%)
  • Unemployment rate (5-yr. avg.): 3.6% (Michigan: 6.0%)
  • Home value (median): $767,900 (Michigan: $201,100)
  • Population: 2,342

Minnesota: Deephaven

nikitsin / iStock via Getty Images
  • Household income (median): $333,727 (Minnesota: $111,341)
  • Residents with a bachelor’s degree or higher: 77.5% (Minnesota: 38.2%)
  • Unemployment rate (5-yr. avg.): 1.4% (Minnesota: 4.0%)
  • Home value (median): $791,700 (Minnesota: $286,800)
  • Population: 3,852

Mississippi: Mantachie

Patriarca12 / Wikimedia Commons
  • Household income (median): $151,747 (Mississippi: $74,149)
  • Residents with a bachelor’s degree or higher: 17.0% (Mississippi: 23.9%)
  • Unemployment rate (5-yr. avg.): 3.2% (Mississippi: 6.4%)
  • Home value (median): $126,600 (Mississippi: $151,000)
  • Population: 1,803

Missouri: Ladue

Westhoff / E+ via Getty Images
  • Household income (median): $405,058 (Missouri: $89,952)
  • Residents with a bachelor’s degree or higher: 84.9% (Missouri: 31.2%)
  • Unemployment rate (5-yr. avg.): 1.3% (Missouri: 4.3%)
  • Home value (median): $938,300 (Missouri: $199,400)
  • Population: 8,934

Montana: Helena Valley Northeast

  • Household income (median): $170,943 (Montana: $90,142)
  • Residents with a bachelor’s degree or higher: 43.5% (Montana: 34.0%)
  • Unemployment rate (5-yr. avg.): 1.5% (Montana: 3.9%)
  • Home value (median): $460,500 (Montana: $305,700)
  • Population: 4,245

Nebraska: Papillion

  • Household income (median): $127,561 (Nebraska: $95,547)
  • Residents with a bachelor’s degree or higher: 46.0% (Nebraska: 33.5%)
  • Unemployment rate (5-yr. avg.): 2.6% (Nebraska: 3.1%)
  • Home value (median): $269,600 (Nebraska: $205,600)
  • Population: 24,016

Nevada: Incline Village

Janusz Cimoszuk / Wikimedia Commons
  • Household income (median): $236,787 (Nevada: $97,955)
  • Residents with a bachelor’s degree or higher: 61.9% (Nevada: 26.5%)
  • Unemployment rate (5-yr. avg.): 3.5% (Nevada: 7.0%)
  • Home value (median): $1,199,700 (Nevada: $373,800)
  • Population: 9,163

New Hampshire: Hanover

kickstand / iStock Unreleased via Getty Images
  • Household income (median): $193,451 (New Hampshire: $118,118)
  • Residents with a bachelor’s degree or higher: 88.5% (New Hampshire: 39.0%)
  • Unemployment rate (5-yr. avg.): 4.5% (New Hampshire: 3.6%)
  • Home value (median): $652,200 (New Hampshire: $337,100)
  • Population: 8,234

New Jersey: Short Hills

orava / iStock via Getty Images
  • Household income (median): $481,717 (New Jersey: $135,170)
  • Residents with a bachelor’s degree or higher: 89.3% (New Jersey: 42.3%)
  • Unemployment rate (5-yr. avg.): 4.8% (New Jersey: 6.2%)
  • Home value (median): $1,563,100 (New Jersey: $401,400)
  • Population: 14,448

New Mexico: Las Campanas

ivanastar / Getty Images
  • Household income (median): $271,639 (New Mexico: $81,035)
  • Residents with a bachelor’s degree or higher: 72.6% (New Mexico: 29.1%)
  • Unemployment rate (5-yr. avg.): 5.4% (New Mexico: 6.1%)
  • Home value (median): $1,347,400 (New Mexico: $216,000)
  • Population: 1,521

New York: Brookville

Public Domain / Wikimedia Commons
  • Household income (median): $617,235 (New York: $120,883)
  • Residents with a bachelor’s degree or higher: 79.1% (New York: 38.8%)
  • Unemployment rate (5-yr. avg.): 5.7% (New York: 6.2%)
  • Home value (median): $2,000,001 (New York: $384,100)
  • Population: 2,988

North Carolina: Biltmore Forest

blightylad-infocus / iStock Editorial via Getty Images
  • Household income (median): $331,074 (North Carolina: $92,878)
  • Residents with a bachelor’s degree or higher: 80.4% (North Carolina: 33.9%)
  • Unemployment rate (5-yr. avg.): 2.4% (North Carolina: 5.0%)
  • Home value (median): $1,174,200 (North Carolina: $234,900)
  • Population: 1,700

North Dakota: Horace

Andrew Filer / CC BY-SA 2.0
  • Household income (median): $188,124 (North Dakota: $97,221)
  • Residents with a bachelor’s degree or higher: 42.8% (North Dakota: 31.4%)
  • Unemployment rate (5-yr. avg.): 0.6% (North Dakota: 2.9%)
  • Home value (median): $428,300 (North Dakota: $232,500)
  • Population: 3,464

Ohio: The Village of Indian Hill

Greg Hume / Wikimedia Commons
  • Household income (median): $399,251 (Ohio: $90,958)
  • Residents with a bachelor’s degree or higher: 75.8% (Ohio: 30.4%)
  • Unemployment rate (5-yr. avg.): 2.6% (Ohio: 5.0%)
  • Home value (median): $1,102,600 (Ohio: $183,300)
  • Population: 6,051

Oklahoma: Nichols Hills

  • Household income (median): $340,956 (Oklahoma: $84,402)
  • Residents with a bachelor’s degree or higher: 77.2% (Oklahoma: 27.3%)
  • Unemployment rate (5-yr. avg.): 0.3% (Oklahoma: 4.8%)
  • Home value (median): $875,000 (Oklahoma: $170,500)
  • Population: 3,854

Oregon: Dunthorpe

  • Household income (median): $449,633 (Oregon: $103,330)
  • Residents with a bachelor’s degree or higher: 80.9% (Oregon: 35.5%)
  • Unemployment rate (5-yr. avg.): 1.2% (Oregon: 5.5%)
  • Home value (median): $1,508,300 (Oregon: $423,100)
  • Population: 1,767

Pennsylvania: Villanova

Andrew McKeough / iStock via Getty Images
  • Household income (median): $410,270 (Pennsylvania: $100,837)
  • Residents with a bachelor’s degree or higher: 88.3% (Pennsylvania: 33.8%)
  • Unemployment rate (5-yr. avg.): 5.5% (Pennsylvania: 5.4%)
  • Home value (median): $876,900 (Pennsylvania: $226,200)
  • Population: 8,081

Rhode Island: Charlestown

davidwilson1949 / Flickr
  • Household income (median): $165,663 (Rhode Island: $106,511)
  • Residents with a bachelor’s degree or higher: 54.7% (Rhode Island: 36.3%)
  • Unemployment rate (5-yr. avg.): 9.2% (Rhode Island: 5.8%)
  • Home value (median): $496,200 (Rhode Island: $343,100)
  • Population: 1,702

South Carolina: Kiawah Island

KathyKafka / iStock via Getty Images
  • Household income (median): $371,032 (South Carolina: $88,488)
  • Residents with a bachelor’s degree or higher: 86.9% (South Carolina: 30.6%)
  • Unemployment rate (5-yr. avg.): 3.8% (South Carolina: 5.1%)
  • Home value (median): $1,423,900 (South Carolina: $216,200)
  • Population: 2,130

South Dakota: Dakota Dunes

Jim Hammer / Flickr
  • Household income (median): $184,206 (South Dakota: $90,706)
  • Residents with a bachelor’s degree or higher: 57.5% (South Dakota: 30.4%)
  • Unemployment rate (5-yr. avg.): 0.8% (South Dakota: 3.1%)
  • Home value (median): $437,200 (South Dakota: $219,500)
  • Population: 3,997

Tennessee: Belle Meade

csfotoimages / iStock Editorial via Getty Images
  • Household income (median): $487,916 (Tennessee: $89,267)
  • Residents with a bachelor’s degree or higher: 88.3% (Tennessee: 29.7%)
  • Unemployment rate (5-yr. avg.): 1.0% (Tennessee: 5.0%)
  • Home value (median): $2,000,001 (Tennessee: $232,100)
  • Population: 2,933

Texas: Westlake

  • Household income (median): $543,825 (Texas: $102,197)
  • Residents with a bachelor’s degree or higher: 71.7% (Texas: 32.3%)
  • Unemployment rate (5-yr. avg.): 2.4% (Texas: 5.2%)
  • Home value (median): $2,000,001 (Texas: $238,000)
  • Population: 1,300

Utah: East Basin

Sean Pavone / iStock via Getty Images
  • Household income (median): $290,538 (Utah: $111,416)
  • Residents with a bachelor’s degree or higher: 71.1% (Utah: 36.1%)
  • Unemployment rate (5-yr. avg.): 0.3% (Utah: 3.3%)
  • Home value (median): $987,000 (Utah: $408,500)
  • Population: 3,646

Vermont: Woodstock

jonathansloane / E+ via Getty Images
  • Household income (median): $139,811 (Vermont: $97,810)
  • Residents with a bachelor’s degree or higher: 66.8% (Vermont: 41.7%)
  • Unemployment rate (5-yr. avg.): N/A (Vermont: 3.8%)
  • Home value (median): $605,800 (Vermont: $272,400)
  • Population: 1,033

Virginia: Great Falls

Douglas Rissing / Getty Images
  • Household income (median): $373,735 (Virginia: $120,553)
  • Residents with a bachelor’s degree or higher: 84.5% (Virginia: 41.0%)
  • Unemployment rate (5-yr. avg.): 3.3% (Virginia: 4.3%)
  • Home value (median): $1,246,100 (Virginia: $339,800)
  • Population: 14,968

Washington: Clyde Hill

  • Household income (median): $483,738 (Washington: $122,880)
  • Residents with a bachelor’s degree or higher: 75.3% (Washington: 38.0%)
  • Unemployment rate (5-yr. avg.): 3.2% (Washington: 4.9%)
  • Home value (median): $2,000,001 (Washington: $473,400)
  • Population: 3,108

West Virginia: Shenandoah Junction

Public Domain / Wikimedia Commons
  • Household income (median): $168,972 (West Virginia: $75,575)
  • Residents with a bachelor’s degree or higher: 15.7% (West Virginia: 22.7%)
  • Unemployment rate (5-yr. avg.): N/A (West Virginia: 6.0%)
  • Home value (median): $160,700 (West Virginia: $145,800)
  • Population: 1,205

Wisconsin: River Hills

Courtesy of the Village of River Hills via https://riverhillswi.com/
  • Household income (median): $320,733 (Wisconsin: $94,995)
  • Residents with a bachelor’s degree or higher: 77.4% (Wisconsin: 32.0%)
  • Unemployment rate (5-yr. avg.): 1.4% (Wisconsin: 3.4%)
  • Home value (median): $677,300 (Wisconsin: $231,400)
  • Population: 1,530

Wyoming: Hoback

pocheco / Flickr
  • Household income (median): $234,774 (Wyoming: $94,901)
  • Residents with a bachelor’s degree or higher: 43.9% (Wyoming: 29.0%)
  • Unemployment rate (5-yr. avg.): 1.2% (Wyoming: 3.8%)
  • Home value (median): $1,125,000 (Wyoming: $269,900)
  • Population: 1,874

 

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.