Only one Florida city made the list of the nation’s Top 50 richest

by | Jan 16, 2023


  • From last week’s poorest community (Gifford, FL) to this week’s richest, only one city in Florida managed to crack the national Top 50 in median annual income
  • Compared with Gifford’s $22,353, households in Florida’s richest city earn a median income of $174,000 per year
  • California¬† dominated the national list with 21 entries, with the New York – New Jersey metro getting six entries

The U.S. Census Bureau recently released its latest American Community Survey, offering an updated snapshot of demographic and economic conditions in the United States. According to new ACS estimates, the typical American household earned an average of $69,021 over the five years ending in 2021.

This latest figure represents a 6% increase over the five-year period ending in 2020. But while the 2021 ACS reveals a pay raise for most American households, it also highlights the significant income inequality across the United States, as there are parts of the country where incomes are far higher than average.

Parkland, Florida, is one place where the median household income is more than double the national figure. The typical household in the area earns $174,295 a year, the 22nd highest among all cities with sufficient data and 152.5% more than the national median.

Incomes in the United States, for individuals and across broad populations, tend to rise with higher levels of educational attainment. In Parkland, an estimated 66.7% of adults have a bachelor’s degree or higher, well above the 33.7% share of adults nationwide with similar education levels.

All data in this story are five-year estimates from the 2021 ACS. For the purposes of this story, cities are defined as incorporated legal entities or census-designated statistical areas with populations of more than 25,000 people and can include communities that are coterminous with college or university campuses. Cities were excluded if the number of households for which income was determined was less than 1,000 in the 2021 ACS or if the sampling error associated with a place’s data was deemed too high.

Here’s the list:

Rank City Median household income ($) Adults with a bachelor’s degree or higher (%) Median home value ($) Population
1 Los Altos, California 250,000+ 85.9 2,000,000+ 31,562
2 University Park, Texas 247,045 88.5 1,380,600 25,029
3 McLean, Virginia 242,610 84.7 1,102,100 49,310
4 Southlake, Texas 239,833 73.0 723,800 30,754
5 Wellesley, Massachusetts 226,250 84.9 1,251,800 29,365
6 Saratoga, California 224,179 80.6 2,000,000+ 31,194
7 San Carlos, California 204,570 67.7 1,904,400 30,754
8 Lexington, Massachusetts 202,852 85.0 980,100 34,235
9 Cupertino, California 199,778 80.9 2,000,000+ 60,681
10 Potomac, Maryland 198,870 83.8 937,000 46,891
11 Sammamish, Washington 195,648 76.0 939,600 66,532
12 Palo Alto, California 194,782 82.7 2,000,000+ 68,624
13 Ridgewood, New Jersey 194,256 78.3 789,900 25,991
14 Lafayette, California 192,546 74.2 1,606,400 25,384
15 Westfield, New Jersey 185,319 76.4 810,400 30,950
16 Needham, Massachusetts 182,813 81.0 939,800 31,808
17 Danville, California 181,453 70.4 1,252,400 43,673
18 Colleyville, Texas 180,698 68.8 586,400 25,827
19 Menlo Park, California 179,913 72.6 2,000,000+ 33,677
20 Bethesda, Maryland 178,370 87.9 958,400 66,294
21 Belmont, California 178,125 69.2 1,682,000 28,109
22 Parkland, Florida 174,295 66.7 655,300 33,772
23 Wilmette, Illinois 173,967 83.8 710,400 27,895
24 Foster City, California 173,721 70.2 1,482,500 33,511
25 San Ramon, California 173,519 70.3 1,063,200 85,688
26 Dublin, California 171,168 67.6 983,000 69,818
27 South Riding, Virginia 170,456 68.2 571,300 33,828
28 Mercer Island, Washington 170,000 77.5 1,504,500 25,506
29 Ladera Ranch, California 169,706 65.8 863,400 25,526
30 Manhattan Beach, California 169,586 77.9 2,000,000+ 35,585
31 Plainview, New York 168,140 69.0 632,300 26,665
32 Pleasanton, California 167,932 66.3 1,116,800 79,558
33 Los Gatos, California 166,642 73.4 1,893,200 33,309
34 Brentwood, Tennessee 165,948 75.6 711,900 44,354
35 Princeton, New Jersey 165,149 85.3 893,600 30,717
36 Newton, Massachusetts 164,607 80.2 992,800 88,647
37 Mill Creek East, Washington 161,684 60.4 637,300 25,528
38 Sunnyvale, California 161,670 66.8 1,528,500 155,550
39 Olney, Maryland 161,065 66.0 551,300 35,815
40 Hoboken, New Jersey 160,890 80.3 777,600 59,369
41 Leawood, Kansas 159,540 74.7 498,900 33,748
42 Prosper, Texas 159,164 63.7 524,700 28,825
43 Rancho Palos Verdes, California 158,996 68.4 1,247,600 42,316
44 Mountain View, California 158,104 72.1 1,613,300 82,409
45 North Tustin, California 157,487 57.7 973,800 25,708
46 Burke, Virginia 157,336 64.2 573,900 44,191
47 Milton, Massachusetts 153,971 65.0 710,700 28,382
48 Commack, New York 153,858 56.4 560,800 36,252
49 Fremont, California 153,475 60.1 1,069,700 231,502
50 Highland Park, Illinois 153,226 76.4 523,500 30,245

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