Advertiser Disclosure

These Are the 16 Wealthiest Suburbs in California

July 21, 2024

3 min Read

Written by Gabrielle Olya

Edited by Gary Dudak

Commitment to Our Readers

GOBankingRates' editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services - our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines and our products and services review methodology.

20 YearsHelping You Live Richer

Reviewed by Experts

Trusted by Millions of Readers

California is home to many of the wealthiest suburbs in America. In fact, 16 out of the 50 wealthiest American suburbs are located in the state, a recent GOBankingRates study found.

It will likely come as no surprise that California’s wealthiest suburb is located in Silicon Valley — Los Altos, which has an average household income of $400,817 — but other wealthy suburbs are scattered throughout the state.

Here’s a look at the wealthiest suburbs in the Golden State.

1. Los Altos, California

Suburb of: San Jose-Sunnyvale-Santa Clara, CA
Average household income: $400,817
Typical home value: $4,451,059

2. Orinda, California

Suburb of: San Francisco-Oakland-Fremont, CA
Average household income: $370,203
Typical home value: $2,078,615

3. Palos Verdes Estates, California

Suburb of: Los Angeles-Long Beach-Anaheim, CA
Average household income: $342,463
Typical home value: $2,890,788

4. Saratoga, California

Suburb of: San Jose-Sunnyvale-Santa Clara, CA
Average household income: $329,142
Typical home value: $3,981,261

5. Menlo Park, California

Suburb of: San Francisco-Oakland-Fremont, CA
Average household income: $316,584
Typical home value: $2,810,388

6. Lafayette, California

Suburb of: San Francisco-Oakland-Fremont, CA
Average household income: $312,233
Typical home value: $2,001,408

7. La Cañada Flintridge, California

Suburb of: Los Angeles-Long Beach-Anaheim, CA
Average household income: $310,947
Typical home value: $2,481,526

8. Los Gatos, California

Suburb of: San Jose-Sunnyvale-Santa Clara, CA
Average household income: $305,653
Typical home value: $2,740,764

9. Mill Valley, California

Suburb of: San Francisco-Oakland-Fremont, CA
Average household income: $303,623
Typical home value: $2,152,207

10. Palo Alto, California

Suburb of: San Jose-Sunnyvale-Santa Clara, CA
Average household income: $301,226
Typical home value: $3,654,765

11. San Carlos, California

Suburb of: San Francisco-Oakland-Fremont, CA
Average household income: $298,397
Typical home value: $2,441,915

12. Cupertino, California

Suburb of: San Jose-Sunnyvale-Santa Clara, CA
Average household income: $283,063
Typical home value: $3,145,958

13. Manhattan Beach, California

Suburb of: Los Angeles-Long Beach-Anaheim, CA
Average household income: $280,470
Typical home value: $3,161,132

14. Danville, California

Suburb of: San Francisco-Oakland-Fremont, CA
Average household income: $264,134
Typical home value: $2,014,964

15. Moraga, California

Suburb of: San Francisco-Oakland-Fremont, CA
Average household income: $259,468
Typical home value: $1,897,230

16. Calabasas, California

Suburb of: Los Angeles-Long Beach-Anaheim, CA
Average household income: $257,894
Typical home value: $1,922,163

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 was then able to find which metro area they were a suburb of as well as the 2024 typical home value for the city as sourced from Zillow. All data was collected and is up to date as of June 18, 2024.

More From GOBankingRates