I know you are conversant with the most populated cities in the United States, the most advanced cities in the United States and others but are you conversant with the Richest Cities in the United States? Yes, there are cities in the United States that are performing well than others in terms of wealth and fortune and we have picked out the top 10 from among the 100 Richest Cities in America. To learn about which city makes our list of top 10 Richest Cities in the United States, ensure you read through the article to the end.
Top 10 Richest Cities in the United States 2020
I know you have the mindset that every city in the United States is wealthy and super rich with huge assets, but that is not the case because there are cities that houses more wealthy people than others while some are home to numerous high profiled companies than others. Below is a brief highlight of the 10 cities that are ranked as the richest in the United States.
- San Jose-Sunnyvale-Santa Clara
- San Francisco
- Washington-Arlington-Alexandria, D.C
- Oxnard-Thousand Oaks-Ventura
- California-Lexington Park
There you have the list of cities that are the richest in the United States. Read through each of the cities below to learn more about them.
#1. San Jose-Sunnyvale-Santa Clara, California
Median household income: $110,040
San Jose in California is undoubtedly one of the 100 Richest Cities in America and also among the Richest Cities in California. San Jose is often referred to as the capital of Silicon Valley the largest city in Northern California base on population and area size and it is located on the southern shore of San Francisco bay. It is no surprise that this city occupies the first spot on our list being a tech hub with the presence of reputable and innovative companies such as Adobe Systems, Apple, Intel, Lockheed Martin, and NASA etc.
#2. San Francisco, California
Median household income: $96,677
We have yet another city in California at the second spot and that is the city of San Francisco, one of the Richest Cities in California. Often referred to as the Golden Gate City, it is home to highly educated and it makes more earning on average in comparison to other major cities’ residents across the country. Like San Jose, San Francisco is also home to tech companies as well as high profiled financial institutions having their headquarters located there.
#3. Washington-Arlington-Alexandria, D.C.
Median household income: $95,843
Washington D.C, the nation’s capital deserves to be on this list ably represented by Arlington-Alexandra ranking among the 100 Richest Cities in America and coming in third on our list. This city serves as a district to high profiled places including parts of Virginia, Maryland, and West Virginia. Most of the citizens are highly educated and it serves as home to numerous high paying legal, government and other professional workers.
#4. Bridgeport-Stamford-Norwalk, Connecticut
Median household income: $90,123
Connecticut is home to Bridgeport-Stamford-Norwalk, the next richest city on our list of 10 Richest Cities in the United States. Interestingly, it is the wealthiest city in New England. The city is located in close proximity to New York making it a resident to rich professionals who commute into New York for their daily activities. Although it is home to Bridgeport, one of the poorest cities in the country, it still makes the list with a median household income of over $90,000 coming in at the fourth spot on our list.
#5. Boston-Cambridge-Newton, Massachusetts
Median household income: $82,380
Taking us further in our discussion on 10 Richest Cities in the United States is the Boston-Cambridge-Newton, a popular area in Massachusetts coming in at the fifth spot on our list. The city is the second wealthiest in New England with an annual household income of $82,380. This region is popularly known to house quite a handful of high profiled colleges including Boston University, Harvard University, and Northeastern University making it one of the best-educated area in the United States.
#6. Anchorage, Alaska
As we continue in our discourse, we have Anchorage, one of the 100 Richest Cities in America at the sixth spot on our list. So, despite the harsh climate condition with its frigid and dark winters including lukewarm summers that makes the state of Alaska one of the densely populated places in the United States, it still manages to produce one of the richest cities in the country. The city makes its earning from Oil production, tourism, and defense which are top industries established there. In fact, a little over 10% of the population in Anchorage is comprised of military personnel and military family members. Nonetheless, the cost of living in this city is relatively high due to an extent the cost of transporting goods across difficult terrain but that does not negate the fact that the city is still home to the wealthiest people in the country.
#7. Honolulu, Hawaii
Median household income: $80,513
Honolulu in Hawaii is one of the 100 Richest Cities in America and coming in at the number seventh spot on our list of richest cities in the United States. The city has a low unemployment rate that is just a little over 2.7%. More so, the urban region of this city is deemed the wealthiest area in the city of Honolulu as well as one of the wealthiest cities in the country. This is not a surprise as some of the households in this city earns an annual income that is up to $200,000.
#8. Oxnard-Thousand Oaks-Ventura, California
Median household income: $80,135
We have yet one of the Richest Cities in California on our list at the eight spot and that is Oxnard-Thousand Oaks-Ventura. This city is in proximity to Los Angeles. Living in this city is pretty expensive with goods and services reaching about 16% that is way expensive than national average. Residents in this city are able to afford the high cost of living and expenses as its economy driven by manufacturing, agriculture, and international trade. Not forgetting the Port of Hueneme which happens to be the only deep-water commercial port between Los Angeles and San Francisco.
#9. Seattle-Tacoma-Bellevue – Washington D.C
Median household income: $78,612
Taking us away out of California and back to the nation’s capital where the next rich city is located. So, Washington DC is home to the ninth city on our list of 10 Richest Cities in the United States and that is Seattle-Tacoma-Bellevue. This is not a surprise as the city is also a tech hub with many industry jobs that pay well. Some of the tech companies established in Seattle includes Amazon, Microsoft, Facebook, and Google. These companies are the major employers of labour in this area contributing to the economic growth of the city as well as boosting the employment rate in the city.
#10. California-Lexington Park, Md.
Median household income: $78,195
As we gradually conclude our discourse, we close the curtain by heading back to California with Lexington Park bringing us to the end of our countdown occupying the tenth spot on our list of richest cities in the United States. Lexington Park is undoubtedly one of the Richest Cities in California with a household income of $78,195 annually. In fact, the Chesapeake Bay city serves as a commute for those who work or reside in Washington D.C. The utilities, manufacturing, and public administration have been the driver in the city’s economy providing the highest portion of wealth here.
Conclusion on Top 10 Richest Cities in the United States
I believe you are now acquainted with the cities that are ranked as the 10 Richest Cities in the United States. Some of the cities listed in this article might not be what you are expecting but it is what it is and they are as of the time this article was compiled the richest cities in the country. In fact, from the look of things, California is the richest state in the country having most of its cities on this list. So if you are interested in moving to the United States for business purposes or to reside there permanently and looking for the best places you can stay especially in terms of wealth, then these 10 cities are for you. Let us know what you think about this article and how helpful you find it by giving us a feedback.
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