Each year the Bloomberg Index rounds up the wealthiest towns in America. These are those enviable locations that are home to the rich and famous. Some towns are in close proximity to major cities while others are coastal towns. Many businessmen, actors, and politicians live in these towns boosting the median income of the residents in the area.
Additionally, the education level of the people in these towns also plays a major role. The number of educated individuals in these areas is double the national average of degree holders which is 30.9 percent. Here are the top 20 richest towns in America.
The town of Atherton, California is located in San Mateo County and sits between San Jose and California, making this town a playground for some of the rich and famous in Silicon Valley. Some of Atherton's residents include Sheryl Sandberg and Meg Whitman.
However, the town only consists of a row of houses and no avenues for entertainment. Apart from the houses, there is a town hall and a library in Atherton. The cost of a median home in this area is $6 million and the average household income is $450,696.
Scarsdale, New York
The second town on the list is Scarsdale which is also the richest town on the east coast. Scarsdale is also home to a lot of famous people like Susan Lucci and U.S attorney for the Southern District of New York, Preet Bharara.
There was a significant $30,000 increase in the median income in this town from 2017 to 2019. The average home price for people in this area is $1.8 million and many say that Jay Z and Beyonce own a secret home in the area. The average household income for residents in Scarsdale is $417,335.
Cherry Hills Village, Colorado
Cherry Hills Village is the only town from Colorado to make the list. The town is located just outside Colorado and is home to NFL players, John Elway and Peyton Manning. The town is known for its 10,000 square foot mega-mansions that are surrounded by hills with a view of the mountains in the distance.
Cherry Hills Village has also hosted two PGA tournaments. The median price of a home in this area is $2,000,000 and the average household income is $394,259. This town has some of the most picturesque views in the nation.
Los Altos Hills, California
Los Altos Hills is located in Santa Clara County and has the allure of a rural town despite its many notable residents. Some of the rich and famous people that live here include Google co-founder Sergey Brin, Google CEO Sundar Pichai and MLB player Barry Bonds.
The town of Los Altos has strict rules against operating businesses. The town has instead created a space for its residents to relax away from the hustle and bustle of business life. The median price of homes in this town is $50 million and the average household income is $386,174.
The town of Hillsborough is just a train ride from San Francisco and close to Silicon Valley making this town a hub for the rich and famous. Some of the wealthiest people in the tech world live here as well as celebrities like Jimmy Kimmel and Alicia Silverstone. Hillsborough also has famous mansions built by Harriet Pullman Carolan and William Randolph Hearst.
This wealthy town also comes with an expensive price-tag. A three-bedroom house costs approximately $17.9 million. The median price of a home is $2,000,000 and the average household income is $386,174.
Short Hills, New Jersey
The town of Short Hills is located in New Jersey. While California is the state with the highest number of richest towns in the country, New Jersey came second thanks to Short Hills. Short Hills is the setting for Philip Roth's book, Goodbye Columbus and home to celebrities like Anne Hathaway and Rachel Zoe.
The median price of a home in Short Hills is $1.75 million and the average household income is $367,491. It is the only town from New Jersey to make the list of the top 10 richest towns in America.
Highland Park, Texas
Highland Park is located in Dallas, Texas and is number 7 on the richest towns in America list. This town also has the country's first shopping center, the Highland Park Village. The center opened in 1931 and was designed by Marion Fresenius and James B Cheek. It was built using Spanish architecture.
In addition to the shopping center, the hit TV show, Dallas, was also filmed in Highland Park. The median price of a home in Highland Park is $1.4 million and the average household income is $358,994. Many famous Texans call this place home.
Darien holds the number 8 spot on our richest towns in America list. The town is located in Fairfax County and is just 37 miles from New York. This a major entertainment avenue for people in New York and Connecticut. The town has 11 parks, two beaches, and numerous private clubs. Darien is also known for yachting and golfing.
With easy connectivity to Manhattan, Darien is home to numerous rich and famous people as its wealthy residents consider it a place to relax away from city life. The median value of a home in this town is $1,325,500 and the average household income is #341,090.
Bronxville, New York
The town of Bronxville is located in Westchester County and is only 15 miles away from Manhattan. Therefore, this is a prime place for New York's rich and famous because it has good connectivity to the city while having the allure of small-town life. It is the home of numerous members of the Kennedy family.
The town of Bronxville is only one-square-mile and the median value of homes in this affluent town is $2.33 million. The average household income of its residents is $340,448. This town has a small-town vibe with rich homes that don’t look too flashy.
Glencoe is a North Shore Chicago suburb located in Cook County, Illinois. The town is incredibly picturesque and was the set for two famous movies, Ferris Buller's Day Off and Sixteen Candles. In addition to this, it also holds the spot as the wealthiest town in Illinois. Glencoe also has a botanical garden that has 27 gardens, and six miles of coastline, making this town one of the best looking places in the U.S.
This affluent Illinois neighborhood comes with a hefty price tag. A five-bedroom home overlooking Lake Michigan can cost around $5 million. The average household income of residents in Glencoe is $339,883.
The Village of Indian Hill, Ohio
When The Village of Indian Hill was first founded in 1904, the founders were farmers who hoped to start an agricultural community. However, the location soon became a popular destination for people in Cincinnati for a weekend getaway. The town is only 15 miles away from the city of Cincinnati.
Wealthy businessmen moved to The Village of Indian Hill at the turn of the twentieth century and developed the area. The median value of a home in this town is over $1 million and the average household income of the residents is $338,267.
Old Greenwich, Connecticut
The town of Old Greenwich is located in Fairfield County, Connecticut. It is also home to one of Long Island's biggest beaches, Tod’s Point. The town was founded in 1961 and was initially a railway station that provided connectivity to neighboring cities. This town is listed on the National Register of Historic Places.
Old Greenwich has some massive homes with a small-town vibe. It is referred to as a 'front-porch kind of place.’ Numerous Wall-Street executives own homes in this affluent neighborhood. The average household income of its residents is $336,692.
If you want to get away from the hustle and bustle of Chicago, Winnetka located just sixteen miles from the city provides the perfect enclave. While this place is home to many wealthy residents, it is noted for being the set for John Hughes' beloved film, Home Alone. Some of the famous people that live here include, Virginia Madsen, Rock Hudson, and Chris O’ Donnell.
Winnetka also has many homes and churches designed by architects like Howard Van Doren Shaw and David Adler. The median value of a home in this town is $1,019,800 and the average household income of the residents is $331,231.
West University Place, Texas
West University Place is located in Harris County, near Houston. The town earned the name because it is right next to Rice University. The streets in the neighborhoods are named after famous authors like Geoffrey Chaucer and William Shakespeare. Some of the famous people that live here include former MLB player, Craig Biggs, and NFL player Brian Cushing.
This upper-class neighborhood comes with a high price-tag. The cost of a five-bedroom home can rise upwards of $4 million. The average household income of residents is $330,459. It is known for being one of the prettiest neighborhoods in America.
Larchmont, New York
Larchmont is located in West Chester county in New York and was developed during the 18th century. The town's oldest home is called 'The Manor House' and was built by Peter Jay Munro in 1979. Today, this home is one of the many estates in Larchmont.
The median value of a home in Larchmont is $1.1 million and the average household income of its residents is $313,586. A six-bedroom home in Larchmont can cost around $9.9 million.
Great Falls, Virginia
The town of Great Falls is located in the Fairfax County of Virginia. The town has a small-town vibe and is only 20 miles outside Washington D.C. This is also the richest suburb in the D.C area. Some of the town's notable residents include Senator Rick Santorum, the owner of the Washington Redskins, Dan Snyder, and AOL CEO, Steve Case.
The suburb of Great Falls is incredibly picturesque and has a small-town vibe. The MTV show Finding Carter was filmed here. The mega-mansions come with a high price-tag. The median price of a home is $1,130,400 and the average household income is $309,599.
University Park, Texas
They say everything is big in Texas and this is especially true in the affluent neighborhood of University Park. This town is located next to Southern Methodist University. University Park is home to some sprawling mansions that many business people and oil tycoons call home.
These big homes also come with big price-tag. The town is over 3.7 square miles and the median value of a single-family home is $1 million. The average household income of the residents is $304,898. The population of Great Falls is 25,000.
The town of Westport is located in Fairfield County and is only 52 miles from New York City. The town provides a nice small-town feel while having close proximity to one of the biggest and best cities in the U.S. The town is featured in numerous movies like Bewitched and is the hometown of actor Paul Newman.
Westport is the typical American suburb and comes with a hefty price tag. It is referred to as Connecticut's Gold Coast and residents pay big bucks to live here. The average household income of Westport’s residents is $304,439.
Rumson, New Jersey
The town of Rumson is located in Mammoth County in New Jersey. It is a very small town with only 7,000 residents. However, this town made this list thanks to its many notable residents that include Queen Latifah, Charlie Puth, Jon Bon Jovi, and Bruce Springsteen. It's hard to ignore a town that boasts so many famous residents.
Rumson is known for its mega-mansions and that comes with colossal price tags. A seven-bedroom home in this suburb can cost more than $7 million. The average household income of the residents is $303,542. This town climbed up nineteen spots from 2018.
Paradise Valley, Arizona
True to its name, this small town is a true paradise. It is also home to some rich and famous Americans. Some notable residents include Emma Stone, Dick Van Dyke, Michael Phelps, and David Spade. Paradise Valley is incredibly picturesque and is known for its luxury resorts that provide the perfect weekend getaway.
Paradise Valley has sprawling mansions with big price-tags. The average household income of residents in this suburb is $300,521. The median value of a home is $1.8 million. The famous Camelback Inn and various golf courses are located in Paradise Valley.