The report features exclusive data from global wealth intelligence firm New World Wealth , and includes the five wealthiest cities in each major region, and the 25 fastest growing cities in terms of millionaire growth. Through his VC firm, he has invested in everything from digital media company Overtime Sports to Wildtype, which makes seafood from fish cells. City: Country: Region: Billionaires: New York United States: North America: 107 Beijing The Ten Richest Americans Forbes calculated net worths for the 2022 list of the World's Billionaires using stock prices and currency exchange rates from March 11, 2022. Education also has a bearing impact on income, with college graduates often earning more. The average home in the Honolulu region is valued at $680,200, which is more than quadruple the average American houses value of $217,600. Chances are good that interested individuals can guess that Williamson County can be found in the Nashville metropolitan area. In March, Berkshire Hathaway agreed to shell out $11.6 billion for insurer Allegheny Corp. Although she spends most of her time writing, she also enjoys spending time with her husband and four children, watching films, cooking, dining out, reading, motorsports, gaming, and walking along the beach next to her house with her dog. Your email address will not be published. With low work opportunities, the government appreciates those sticking around in the overcast, most populous city in the state. Income distibution for all U.S. cities. The city of 169,177 ranked in fifth place last year. She finds almost all topics she writes about interesting, but her favorite subjects are travel and food. South Koreas Wall Street is the Korea Exchange in Yeoui Island. Back in the 19th century, it was very focused on agriculture, which meant the cultivation of both hemp and tobacco plus the rearing of both horses and cattle. The average household in the Denver metro region earns $85,641 a year, which is higher than in all but 20 other cities in the United States. He tends to be most remembered because he was killed while leading the unsuccessful American invasion of Quebec in 1775, though it is interesting to note that his remains were treated well because he was liked by both the Americans and the British. This list ranks the wealthiest cities in the US according to their median household income. Eight other top 20 tech billionaires, including Microsoft cofounder Bill Gates and Google cofounders Larry Page and Sergey Brin, shed $188 billion combined. Another tough year for Meta, with daily Facebook users dropping amid competition from apps like TikTok. The cannabis business is rather recent, but also encourages financial growth for the city. Unemployment Rate: 3.9%. 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By examining a cities GDP, we can get a good idea of its industries and how they contribute to the overall economic growth. We will make Chicago the safest city in America. Douglas County couldnt be better positioned in the state of Colorado. Fairfax County is very populous, so much so that it is the most populous part of Virginia, the Washington metropolitan area, and even the Washington-Baltimore metropolitan area. Sometimes settling down in a city is a lifetime decision. Long Island can be divided up into four counties. Most households in the metro region make more than $88,535 per year, and 13.7 per cent make more than $200,000 per year a higher percentage than all but six other metro regions in the US. Oftentimes, it is overshadowed by its more famous neighbor. Industries that contribute to New York Citys economy are health care, tourism, real estate, tech, publishing, fashion, media and insurance, among others. Also known as the Prairie State, Illinois borders the Mississippi River and Indiana. Cisco, eBay, Adobe, PayPal, Samsung, Acer, Hewlett Packard, and Zoom are just a few examples. Before the Ukraine invasion, Moscow was the economic hub of Russia. Check out this fascinating list of richest families in the US. What are the wealthiest cities in the U.S.? This site uses Akismet to reduce spam. In fact, Tokyo plays host to the top money-building organizations and minds anywhere on Earth. Even still, 19.2% of households in the area earn $200,000 or more for the fourth-highest share in the US. However, its also a city steeped in industry. The area is home to Bridgeport, one of the nation's poorest cities that evens out the high-earning professionals who commute to New York City for work. Here are the top 10 wealthiest cities in America for 2022. Simply put, it is one of the best-known places in the United States and beyond. The states with the highest number of the richest cities are California with 23, New Jersey with 18, and New York with 13. This metro region, located just west of Los Angeles, offers a small vacation from the citys exorbitant home prices. Copyright 2023 USA by Numbers | All Rights Reserved, Top 20 Richest Cities in the US [Ranked in 2023], Top 15 Richest States in the US [Report 2023], Top 15 Richest Counties in the US [Ranking of 2023], Top 13 Richest Neighborhoods in America [Report 2023]. The top ten richest cities in the United States are: Atherton, CA has the highest average household income of $450,696, more than seven times higher than the national median income. America's 100 Richest Places. The average household in a metro region makes $86,652 a year, almost $17,000 more than the average American home. The high cost of living in the metro region more than offsets the areas high salaries. A healthy job market is important for the metro area to thrive economically. Ellison, who contributed $1 billion to Elon Musks Twitter bid, has reportedly been subpoenaed by Twitter in the messy legal battle over the deal. The richest city in the world is Tokyo. Boston University, Harvard University, and Northeastern University awarded over 100,000 degrees in 2015 and helped "sponsor" the recent 46.9% holding a bachelor's or higher. San Francisco has a rich economic history,,one that includes the wealth generated by the California Gold Rush. Swift reportedly owns about $40 million worth of property in the area. Shipping isnt the only industry which brings revenue into SEZ, its also the sizable industrial parks, high-tech industries and of course, trade. Last November, Dell spun off its 81% stake in software firm VMWare; in May, chipmaker Broadcom agreed to buy the company for $61 billion. While that doesnt mean we suggest you go out and commit a crime, not all prisons are like the ones depicted in the movies featuring murderers, Read More 10 Prisons That Rival The Accommodations of Most HotelsContinue, Just as one mans freedom fighter is another mans terrorist, so one mans favorite district is another mans least. The analysis used to rank the top 10 richest cities in America in 2022 is based on the U.S. Census 2016-2020 American Community Survey. The Shenzhen Special Economic Zone or SEZ is an important business and financial services center in China. No. Much of its wealth comes from the booming tech industry. Housing prices bite with a typical Oxnard-Thousand Oaks-Ventura area home valued at $561,400, for over double the value of the median $205,000 home across the nation. Despite the exceptionally high median income, many inhabitants, notably in Bridgeport, the historic manufacturing centre, live in poverty. As such when it comes to the richest cities in the world, New York City comes in at number 2. In fact, London is one of the chief financial centers of the world. Dont miss out this article on richest counties in the US. Over 22% of households earn $200,000 or more, and 50.1% of San Jose's education-driven populace boasts a bachelor's degree or higher. Its been a wild year for Musk, who became the first person worth $300 billion in November, before Tesla shares slid amid the broader market selloff and investor fears of a distracted CEO after Musk agreed to buy Twitter for $44 billion. Marin County is right over the Golden Gate Bridge from the City and County of San Francisco. Large college-educated populations are common in the richest metropolitan regions. With a median income of $251,000 at the beginning of 2022, the town just edges out Woodside and Hillsborough. Most Napa households make at least $92,769 per year, with 12.4 per cent earning more than $200,000. After all, it is home to Silicon Valley itself, meaning that it is home to one of the most important economic hubs on the planet. Birmingham, Ala. Birmingham places third for the cheapest rent in a big U.S. city. Founded in 1630, Boston is one of our countries oldest cities. The Fortune 500 companies hosted by Boston include: State Street, Liberty Mutual Insurance, Gillette and General Electric. Here are the top 10 richest places in the U.S., according to Bloomberg: 1. Software Full Name: Adobe Premiere Pro 2023. All maps, graphics, flags, photos and original descriptions 2023 worldatlas.com. The fifth wealthiest place on this list is the second wealthiest in New England, with 13.1% of households earning $200,000 and a 3.4% jobless rate. Learn how your comment data is processed. San Francisco has one of the finest educated populations among metro regions in the country, and its incomes tend to climb with educational attainment. We've seen record growth this year, with more and more high-net-worth investors exploring investment migration solutions that offer location fluidity and optionality, enabling them to live and conduct their businesses across a wide range of different jurisdictions and cities. Hes throwing good money after good: The Clippers, long among the worst franchises in the league, are now worth more than $3 billion. Home to both invention and innovation, animes, mangas and of course, robots, Tokyo is known as the financial center of the world. Historically speaking, people were interested in the region because its rich soils produced bountiful harvests. That makes Marin County a very biodiverse place, which is particularly important because so many of the local species can be found nowhere else. This is despite the fact that it is located just outside of San Francisco, which is a city that is known for its homeless population. Dallas plays host to a variety of industries, and its these industries which are responsible for the economic growth of the Dallas metropolitan area. Highland Park, Illinois, number 100 on the list, has an average household income of $209,000, more than three times higher. According to leaked IRS data published by ProPublica in April, he paid the fourth-lowest federal income tax rate among Americas top 400 earners from 2013 to 2018 while outearning everyone but Bill Gates. To name an example, it is home to numerous ecosystems that range from riversides to coast redwood forests. Two months later, he listed his North Palm Beach spread for $145 million, less than a year after he paid $80 million for it. An ongoing shock that some residents are much more capable of absorbing than others. Adding to the diversity are biotech companies and information technologies. Last December, a Koch subsidiary reportedly sold a 340,000- acre Montana cattle ranch to media mogul Rupert Murdoch for roughly $200 million. Although she spends most of her time writing, she also enjoys spending time with her husband and four children, watching films, cooking, dining out, reading, motorsports, gaming, and walking along the beach next to her house with her dog. Another unique location to the rest of the nation places seventh. In April, he told investors he had plowed $51 billion of Berkshires cash into stocks, including billion-dollar bets on Chevron, Occidental Petroleum and HP. Houstons economy is diverse, from the worlds largest petrochemical manufacturing center to health care and medical research, real estate, finance, and information tech industries. The housing costs are through the roof, with a typical metro area home selling for $658,900. In 2022, a small group of households in America holds 30% of the wealth (or $39 trillion). Dallas is known to attract innovation, and one look at some of the top companies in Dallas proves it: AT & T, Texas Instruments, Pinnacle Group, Solera and Capital Networks, among others. Unfortunately, the most recent data comes from 2019 because 2020 data wasnt collected while 2021 data hasnt been released. Tourism is another major contributor to the economy of Philadelphia. Devoted to encouraging economic development, Chicagos Department of Planning and Development has a number of economic development initiatives. Thirty-seven of the 100 richest cities are located in six counties in the United States. The former Microsoft CEO has taken his energetic leadership skills to the NBA, after buying the Los Angeles Clippers for a then record $2 billion from the wife of embattled former owner Donald Sterling in 2014. Waltons consortium includes his daughter Carrie Walton Penner, who replaced him on the board of the familys charitable foundation, and his son-in-law Greg Penner, who succeeded him as Walmart chairmanas well as former secretary of state Condoleezza Rice and Ariel Investments co-CEO Mellody Hobson, who is married to George Lucas. Stafford County is another of the counties that make up the Washington-Baltimore metropolitan area. SALT LAKE CITY - The ongoing work of controlling the spread and mitigating the impact of an invasive plant species, Phragmites australis, on the shoreline of Great Salt Lake and Utah Lake continued to see success in 2022.. Nowadays, it has other focuses, thus making it one more reminder of how much the United States has changed over time. The Forbes Philanthropy Score 2022: How Charitable Are The Richest Americans. US households also commonly face large debt or liabilities like mortgages and student and car loans. The Bureau of Economic Analysis has calculated that the regional price parity in 2019 of the 50 largest MSAs ranges from 88.3 in Birmingham, Alabama (which has the lowest cost of living of the 50 most populous MSAs) to 126.7 in San Jose, California (the highest cost of living of the 50 most populous MSAs). The significant concentration of colleges and institutions contributes to the well-educated populace. Here's a closer look at the 20 richest people on the 2022 Forbes 400 list of wealthiest Americans (net worths are as of September 2, 2022): Elon Musk Liesa Johannssen Koppitz/Bloomberg 1.. Another industry that rains gobs of revenue on the City of London is the tourism industry with over 20 million visitors per year. Hawaii residents have higher earnings thanks to tourism, and Alaska has special considerations as well as job prospects in research and science. According to a study by Teleport, Osaka scores well when it comes to affordable housing, community safety, business, and healthcare. With the onset of free-market reforms in the 1990s, Beijing saw its economic development soar. While wealthy and high-income Black people live all over America, the predominantly Black cities and towns with the highest median household income are all concentrated around Washington, DC and New York City. In 2018, American households collectively held over $98 trillion in wealth. Americans invest the majority of their non-financial assets in real estate. Required fields are marked *. Seattle metro area is home to a prominent tech industry that employs many and pays well, with an unemployment rate of 3.9%. 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