Discover the Top 7 Wealthiest Cities in America as of 2023

The United States boasts numerous affluent communities that cater to buyers seeking luxurious lifestyles. These areas often provide an ideal blend of safety, excellent educational institutions, and a serene way of life. Continue reading to uncover the wealthiest cities in America as of 2023.

7 Wealthiest Cities in America

  1. Atherton, CA
  2. Scarsdale, NY
  3. Cherry Hills Village, CO
  4. Los Altos Hills, CA
  5. Hillsborough, CA
  6. Short Hills, NJ
  7. Highland Park, TX

1. Atherton, CA

Atherton, California, holds the title for being the wealthiest city in the United States. It boasts a median household income of $450,690, nearly seven times higher than the average American household income of $69,021. Despite its small population of only 6,950 residents, Atherton is renowned for its affluence and exclusivity.

This opulent community is characterized by its stringent zoning regulations. The city allows only one single-family house per acre, which helps maintain a spacious and extravagant atmosphere.

Ideally situated between San Francisco and San Jose, Atherton offers its residents convenient access to both cities. Consequently, many tech executives and investors who work in the Bay Area choose to call Atherton their home.

Moreover, Atherton commands incredibly high property prices, with the majority of homes priced above $5 million. As a result, it proudly holds the distinction of being the most expensive city in the entire country.

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2. Cherry Hills Village, CO

Cherry Hills Village stands as one of America’s wealthiest cities. Its residents enjoy a median income of $395,250 and average home prices of approximately $2,831,650. Living in Cherry Hills Village certainly comes with a high cost.

Situated in close proximity to Denver, this city ranks among the finest places to reside in the United States.

Despite its reputation for being one of the country’s most expensive locations, Cherry Hills Village boasts excellent public schools, an impressively low crime rate (with only 13.04 crimes per 1,000 residents), and a plethora of activities for its inhabitants to savor.

Whether you have a penchant for museums, nature outings, or indulging in luxury shopping, Cherry Hills Village offers an array of options within arm’s reach.

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3. Los Altos Hills, CA

Los Altos Hills, California, is renowned for being one of the most expensive residential areas in the United States. If you desire to reside in a stunning and exclusive location in California, this city could be an ideal choice for you.

With a median household income of $387,450 per year, Los Altos Hills ranks among the wealthiest cities in the country.

This city attracts affluent tech entrepreneurs who commute to work in San Jose and San Francisco. Similar to Atherton, which is located nearby, Los Altos Hills offers convenient proximity to urban centers while also providing breathtaking natural landscapes and abundant outdoor recreational opportunities.

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4. Hillsborough, CA

Hillsborough, located in California, is renowned as one of the priciest cities to reside in within the United States. The yearly average household income in Hillsborough stands at $373,100.

This city boasts a scenic setting, providing its residents with beautiful parks, a plethora of activities, and a delightful and welcoming ambiance.

Furthermore, Hillsborough offers an array of exquisite boutiques and restaurants, ensuring top-notch shopping and dining experiences.

With an average home price of $5.4 million, Hillsborough ranks among the most affluent cities in the USA.

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5. Short Hills, NJ

Short Hills, NJ is another one of the wealthiest cities in the United States. This small town, home to 15,000 residents, boasts an impressive average annual household income of $362,910.

The average price of homes in the area is $1,910,792, and Short Hills is renowned for its top-notch schools, making it an ideal place for families and young individuals.

One of Short Hills’ advantages is its prime location in North-Central NJ. Its residents have convenient access to New York City through both car and train commutes, and the town itself offers a wealth of attractions.

The Short Hills Mall, known for its upscale shopping options, is a popular destination, and there is no shortage of excellent restaurants in Short Hills and the surrounding area.

Additionally, golf enthusiasts will be delighted to discover some of the finest golf courses in New Jersey located in the vicinity of Short Hills.

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6. Highland Park, TX

Highland Park, Texas, stands as one of the wealthiest cities in America. Its residents enjoy a median household income of $354,905, which is approximately five times higher than the national average.

Located near Dallas, Highland Park is renowned for being one of the most desirable suburbs in the area, offering a serene and picturesque environment. It serves as an ideal residential destination for affluent families seeking proximity to the city.

The real estate market in Highland Park reflects its affluent status, with homes carrying a hefty price tag. In 2022, the median home price stood at $2,390,340.

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7. Scarsdale, NY

Scarsdale, NY, is renowned as one of the wealthiest cities in America. With a median household income of $352,350, it attracts affluent individuals seeking a desirable and prosperous lifestyle.

Situated near New York City, Scarsdale benefits from its proximity, enabling residents to easily commute to their jobs in the bustling metropolis while enjoying a tranquil existence in Scarsdale.

The city exudes an idyllic atmosphere, providing residents with opportunities to explore nearby woodlands, parks, and nature reserves. Additionally, Scarsdale boasts a wide range of restaurants, offering culinary delights to its residents.

In essence, Scarsdale presents an ideal setting for affluent young professionals and families. It offers abundant career prospects along with a high quality of life, enriched by a greater sense of serenity than what bustling New York City can provide.

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