Move over New York, Los Angeles, Chicago and Miami. Wealthy Americans are swapping notoriously rich city locales in favor of making moves to quiet, secluded suburbs like Scarsdale, Calabasas and Palm Beach.
Which suburbs are home to some of the wealthiest Americans? To find out, GOBankingRates looked at all cities with 5,000 or more households and isolated the 50 cities with the highest average household income. The 2024 typical home value and metro area location were then sourced to determine the wealthiest suburbs.
Key Findings
- The wealthiest U.S. suburb is Scarsdale, New York where the average household income is $568,942. The typical home value in Scarsdale is $1.4 million.
- California dominated rankings with 16 suburbs in the top 50. The five most expensive California suburbs are Los Altos ($400,000), Orinda ($370,000), Palos Verdes Estates ($342,000), Saratoga ($329,000) and Menlo Park ($316,000).
- Which coast has the wealthiest suburbs? The East Coast took the lead with 23 wealthy suburbs, including five in New York and five in New Jersey, making the top 50 ranking. In second place is the West Coast with 19 suburbs.
In order of suburbs with the highest to lowest average household income, keep reading to see which suburbs are among the wealthiest in the United States.
1. Scarsdale, New York
- Suburb of: New York City
- Average household income: $568,942
- Typical home value: $1,413,514
2. Rye, New York
- Suburb of: New York City
- Average household income: $405,074
- Typical home value: $2,119,482
3. West University Place, Texas
- Suburb of: Houston
- Average household income: $403,845
- Typical home value: $1,605,049
4. Los Altos, California
- Suburb of: San Jose
- Average household income: $400,817
- Typical home value: $4,451,059
5. Paradise Valley, Arizona
- Suburb of: Phoenix
- Average household income: $385,643
- Typical home value: $3,449,905
6. University Park, Texas
- Suburb of: Dallas
- Average household income: $381,235
- Typical home value: $2,305,281
7. Hinsdale, Illinois
- Suburb of: Chicago
- Average household income: $380,479
- Typical home value: $1,088,871
8. Great Falls, Virginia
- Suburb of: Washington, D.C.
- Average household income: $373,735
- Typical home value: $1,564,775
9. Orinda, California
- Suburb of: San Francisco
- Average household income: $370,203
- Typical home value: $2,078,615
10. Wellesley, Massachusetts
- Suburb of: Boston
- Average household income: $367,801
- Typical home value: $1,979,339
11. Palm Beach, Florida
- Suburb of: Miami
- Average household income: $365,991
- Typical home value: $11,571,608
12. McLean, Virginia
- Suburb of: Washington, D.C.
- Average household income: $364,093
- Typical home value: $1,541,929
13. Southlake, Texas
- Suburb of: Dallas
- Average household income: $360,078
- Typical home value: $1,240,766
14. Palos Verdes Estates, California
- Suburb of: Los Angeles
- Average household income: $342,463
- Typical home value: $2,890,788
15. Saratoga, California
- Suburb of: San Jose
- Average household income: $329,142
- Typical home value: $3,981,261
16. Menlo Park, California
- Suburb of: San Francisco
- Average household income: $316,584
- Typical home value: $2,810,388
17. Lafayette, California
- Suburb of: San Francisco
- Average household income: $312,233
- Typical home value: $2,001,408
18. La Cañada Flintridge, California
- Suburb of: Los Angeles
- Average household income: $310,947
- Typical home value: $2,481,526
19. Los Gatos, California
- Suburb of: San Jose
- Average household income: $305,653
- Typical home value: $2,740,764
20. Pinecrest, Florida
- Suburb of: Miami
- Average household income: $304,416
- Typical home value: $2,243,489
21. Mill Valley, California
- Suburb of: San Francisco
- Average household income: $303,623
- Typical home value: $2,152,207
22. Wolf Trap, Virginia
- Suburb of: Washington, D.C.
- Average household income: $301,790
- Typical home value: $1,204,121
23. Palo Alto, California
- Suburb of: San Jose
- Average household income: $301,226
- Typical home value: $3,654,765
24. San Carlos, California
- Suburb of: San Francisco
- Average household income: $298,397
- Typical home value: $2,441,915
25. Bellaire, Texas
- Suburb of: Houston
- Average household income: $294,605
- Typical home value: $1,078,719
26. Summit, New Jersey
- Suburb of: New York City
- Average household income: $291,509
- Typical home value: $1,244,244
27. Tenafly, New Jersey
- Suburb of: New York City
- Average household income: $291,096
- Typical home value: $1,168,510
28. Mercer Island, Washington
- Suburb of: Seattle
- Average household income: $290,655
- Typical home value: $2,374,579
29. Potomac, Maryland
- Suburb of: Washington, D.C.
- Average household income: $287,918
- Typical home value: $1,328,491
30. Lake Forest, Illinois
- Suburb of: Chicago
- Average household income: $284,784
- Typical home value: $1,097,029
31. Winchester, Massachusetts
- Suburb of: Boston
- Average household income: $283,632
- Typical home value: $1,639,942
32. Cupertino, California
- Suburb of: San Jose
- Average household income: $283,063
- Typical home value: $3,145,958
33. Westfield, New Jersey
- Suburb of: New York City
- Average household income: $281,738
- Typical home value: $1,138,497
34. Bethesda, Maryland
- Suburb of: Washington, D.C.
- Average household income: $281,586
- Typical home value: $1,286,315
35. Lexington, Massachusetts
- Suburb of: Boston
- Average household income: $281,187
- Typical home value: $1,641,388
36. Manhattan Beach, California
- Suburb of: Los Angeles
- Average household income: $280,470
- Typical home value: $3,161,132
37. Garden City, New York
- Suburb of: New York City
- Average household income: $279,539
- Typical home value: $1,196,407
38. Ridgewood, New Jersey
- Suburb of: New York City
- Average household income: $277,428
- Typical home value: $1,055,405
39. Greenwich, Connecticut
- Suburb of: New York City
- Average household income: $276,350
- Typical home value: $2,345,511
40. Wilmette, Illinois
- Suburb of: Chicago
- Average household income: $273,718
- Typical home value: $896,128
41. Princeton, New Jersey
- Suburb of: Trenton
- Average household income: $269,420
- Typical home value: $967,165
42. Needham, Massachusetts
- Suburb of: Boston
- Average household income: $267,951
- Typical home value: $1,541,698
43. Mountain Brook, Alabama
- Suburb of: Birmingham
- Average household income: $267,337
- Typical home value: $832,745
44. Vienna, Virginia
- Suburb of: Washington, D.C.
- Average household income: $265,744
- Typical home value: $1,112,463
45. Danville, California
- Suburb of: San Francisco
- Average household income: $264,134
- Typical home value: $2,014,964
46. Dix Hills, New York
- Suburb of: New York City
- Average household income: $262,723
- Typical home value: $998,484
47. Sammamish, Washington
- Suburb of: Seattle
- Average household income: $261,753
- Typical home value: $1,657,550
48. Moraga, California
- Suburb of: San Francisco
- Average household income: $259,468
- Typical home value: $1,897,230
49. Calabasas, California
- Suburb of: Los Angeles
- Average household income: $257,894
- Typical home value: $1,922,163
50. Harrison, New York
- Suburb of: New York City
- Average household income: $257,202
- Typical home value: $1,312,689
Methodology: For this piece, GOBankingRates looked at all cities with 5,000 households or more. GOBankingRates then isolated the 50 cities with the highest average household income, as sourced from the 2022 American Community Survey. GOBankingRates then found the 2024 typical home value for the city, as sourced from Zillow. All data was collected on and is up to date as of Jun. 18, 2024.