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20 California Cities Where the Upper Class Is Getting Richer



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If it seems like all of the money is in California, it’s probably because a whole lot of it is.
A recent study from GOBankingRates found 50 cities where upper-class people are getting richer — and 20 of them are in California.
Check out where California’s upper-class citizens are gaining wealth.
Dublin
- % change in households with incomes of $200K+ (2020 to 2023):Â 23.2%
- % change in household median income (2020 to 2023):Â 34.2%
- $ change in household median income (2020 to 2023):Â $52,301
- Household median income (2023):Â $205,046
- Household median income (2020):Â $152,745
Belmont
- % change in households with incomes of $200K+ (2020 to 2023):Â 24.4%
- % change in household median income (2020 to 2023):Â 29.7%
- $ change in household median income (2020 to 2023):Â $47,563
- Household median income (2023):Â $207,609
- Household median income (2020):Â $160,046
Los Gatos
- % change in households with incomes of $200K+ (2020 to 2023):Â 21.6%
- % change in household median income (2020 to 2023):Â 33%
- $ change in household median income (2020 to 2023):Â $51,621
- Household median income (2023):Â $207,891
- Household median income (2020):Â $156,270
Burlingame
- % change in households with incomes of $200K+ (2020 to 2023):Â 26.6%
- % change in household median income (2020 to 2023):Â 22%
- $ change in household median income (2020 to 2023):Â $30,488
- Household median income (2023):Â $168,832
- Household median income (2020):Â $138,344
Danville
- % change in households with incomes of $200K+ (2020 to 2023):Â 19.4%
- % change in household median income (2020 to 2023):Â 33%
- $ change in household median income (2020 to 2023):Â $55,379
- Household median income (2023):Â $223,206
- Household median income (2020):Â $167,827
Newark
- % change in households with incomes of $200K+ (2020 to 2023):Â 20.8%
- % change in household median income (2020 to 2023):Â 29.2%
- $ change in household median income (2020 to 2023):Â $37,290
- Household median income (2023):Â $164,909
- Household median income (2020):Â $127,619
Cupertino
- % change in households with incomes of $200K+ (2020 to 2023):Â 20.5%
- % change in household median income (2020 to 2023):Â 26.4%
- $ change in household median income (2020 to 2023):Â $48,282
- Household median income (2023):Â $231,139
- Household median income (2020):Â $182,857
Santa Clara
- % change in households with incomes of $200K+ (2020 to 2023):Â 20.2%
- % change in household median income (2020 to 2023):Â 26.9%
- $ change in household median income (2020 to 2023):Â $36,800
- Household median income (2023):Â $173,670
- Household median income (2020):Â $136,870
Menlo Park
- % change in households with incomes of $200K+ (2020 to 2023):Â 20.8%
- % change in household median income (2020 to 2023):Â 23.3%
- $ change in household median income (2020 to 2023):Â $39,021
- Household median income (2023):Â $206,588
- Household median income (2020):Â $167,567
Mountain View
- % change in households with incomes of $200K+ (2020 to 2023):Â 19.4%
- % change in household median income (2020 to 2023):Â 24.8%
- $ change in household median income (2020 to 2023):Â $35,801
- Household median income (2023):Â $179,917
- Household median income (2020):Â $144,116
Manhattan Beach
- % change in households with incomes of $200K+ (2020 to 2023):Â 18.3%
- % change in household median income (2020 to 2023):Â 26%
- $ change in household median income (2020 to 2023):Â $39,978Â
- Household median income (2023):Â $193,904
- Household median income (2020):Â $153,926
Palo Alto
- % change in households with incomes of $200K+ (2020 to 2023):Â 17.3%
- % change in household median income (2020 to 2023):Â 26.7%
- $ change in household median income (2020 to 2023):Â $46,405
- Household median income (2023):Â $220,408
- Household median income (2020):Â $174,003
San Carlos
- % change in households with incomes of $200K+ (2020 to 2023):Â 19%
- % change in household median income (2020 to 2023):Â 23%
- $ change in household median income (2020 to 2023):Â $43,594
- Household median income (2023):Â $233,333
- Household median income (2020):Â $189,739
Milpitas
- % change in households with incomes of $200K+ (2020 to 2023):Â 15.5%
- % change in household median income (2020 to 2023):Â 29.1%
- $ change in household median income (2020 to 2023):Â $39,822
- Household median income (2023):Â $176,822
- Household median income (2020):Â $137,000
Fremont
- % change in households with incomes of $200K+ (2020 to 2023):Â 17.6%
- % change in household median income (2020 to 2023):Â 23.9%
- $ change in household median income (2020 to 2023):Â $33,976
- Household median income (2023):Â $176,350
- Household median income (2020):Â $142,374
North Tustin
- % change in households with incomes of $200K+ (2020 to 2023):Â 16.1%
- % change in household median income (2020 to 2023):Â 25%
- $ change in household median income (2020 to 2023):Â $36,619
- Household median income (2023):Â $186,250
- Household median income (2020):Â $149,631
Foster City
- % change in households with incomes of $200K+ (2020 to 2023):Â 18.4%
- % change in household median income (2020 to 2023):Â 18.6%
- $ change in household median income (2020 to 2023):Â $30,311
- Household median income (2023):Â $193,633
- Household median income (2020):Â $163,322
San Ramon
- % change in households with incomes of $200K+ (2020 to 2023):Â 17.5%
- % change in household median income (2020 to 2023):Â 17.9%
- $ change in household median income (2020 to 2023):Â $30,013
- Household median income (2023):Â $197,358
- Household median income (2020):Â $167,345
Pleasanton
- % change in households with incomes of $200K+ (2020 to 2023):Â 18.3%
- % change in household median income (2020 to 2023):Â 15.9%
- $ change in household median income (2020 to 2023):Â $25,517
- Household median income (2023):Â $186,206
- Household median income (2020):Â $160,689
Lafayette
- % change in households with incomes of $200K+ (2020 to 2023):Â 17.1%
- % change in household median income (2020 to 2023):Â 18.2%
- $ change in household median income (2020 to 2023):Â $34,253
- Household median income (2023):Â $222,393
- Household median income (2020):Â $188,140
Editor’s note: Photos are for representational purposes only and might not reflect the exact locations listed.
Methodology: For this piece, GOBankingRates first took the 50 cities with the highest mean household income and with a minimum of 8,000 total households and at least $162,000 in household median income (as sourced from the 2023 American Community Survey). GOBankingRates then found each city’s (1) 2020 median household income; (2) 2023 median household income; (3) three-year percent change in median household income; (4) 2020 percent of population with a household income of $200,000+; (5) 2023 percent of population with a household income of $200,000+; (6) three-year percent change in population with a household income of $200,000+. Factors (3) and (6) were then scored and combined. All data was collected on and is up to date as of March 7, 2025.
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