50 Cities Where the Upper Class Is Getting Richer

The rich really do keep getting richer, especially if you reside in California. A new study from GOBankingRates reveals that upper-class Americans are becoming wealthier across 50 U.S. cities. Of the top 50 cities, 40% are based in California — with a significant number of cities in Northern California metros.

To determine which cities have the greatest number of upper-class Americans becoming richer, GOBankingRates isolated the nation’s top 50 cities with the highest mean household income, minimum of 8,000 total households and $162,000 in household median income. From there, factors sourced include each city’s 2020 median household income, 2023 median household income, three-year percentage change in median income, 2020 percentage of population with a household income of $200,000 or more, 2023 percentage of population with a household income of $200,000 or more and three-year percent change in population with a household income of $200,000 or more.

• Summit, New Jersey, ranked in first place with $56,262 as the change in household median income over the three-year period of 2020 to 2023. Four more New Jersey cities ranked throughout the top 50, including Westfield (#5), Princeton (#15), Hoboken (#25) and Ridgewood (#43).
• California dominated the rankings, accounting for an impressive 20 cities in the top 50. Of these 20 cities, 18 are based in Northern California, including Dublin (#2), Belmont (#3), Los Gatos (#6), Burlingame (#7), Danville (#10), Newark (#14), Cupertino (#18), Santa Clara (#19), Menlo Park (#22), Mountain View (#24), Palo Alto (#30), San Carlos (#31), Milpitas (#34), Fremont (#35), Foster City (#40), San Ramon (#44), Pleasanton (#46), and Lafayette (#47). The two cities based out of Southern California to rank were Manhattan Beach (#27) and North Tustin (#38).
• Parkland was the only Florida city to break into the top 50. It took 45th place.

Keep reading to discover which cities have the most upper-class residents getting richer. 

• % change in households with incomes of $200K+ (2020 to 2023): 23.6%
• % change in household median income (2020 to 2023): 39.4%
• $ change in household median income (2020 to 2023): $56,262
• Household median income (2023): $199,107
• Household median income (2020): $142,845

• % change in households with incomes of $200K+ (2020 to 2023): 23.2%
• % change in household median income (2020 to 2023): 34.2%
• $ change in household median income (2020 to 2023): $52,301
• Household median income (2023): $205,046
• Household median income (2020): $152,745

• % change in households with incomes of $200K+ (2020 to 2023): 24.4%
• % change in household median income (2020 to 2023): 29.7%
• $ change in household median income (2020 to 2023): $47,563
• Household median income (2023): $207,609
• Household median income (2020): $160,046

• % change in households with incomes of $200K+ (2020 to 2023): 21.4%
• % change in household median income (2020 to 2023): 34.5%
• $ change in household median income (2020 to 2023): $51,853
• Household median income (2023): $202,359
• Household median income (2020): $150,506

• % change in households with incomes of $200K+ (2020 to 2023): 21.2%
• % change in household median income (2020 to 2023): 34.4%
• $ change in household median income (2020 to 2023): $54,377
• Household median income (2023): $212,700
• Household median income (2020): $158,323

• % change in households with incomes of $200K+ (2020 to 2023): 21.6%
• % change in household median income (2020 to 2023): 33%
• $ change in household median income (2020 to 2023): $51,621
• Household median income (2023): $207,891
• Household median income (2020): $156,270

• % change in households with incomes of $200K+ (2020 to 2023): 26.6%
• % change in household median income (2020 to 2023): 22%
• $ change in household median income (2020 to 2023): $30,488
• Household median income (2023): $168,832
• Household median income (2020): $138,344

• % change in households with incomes of $200K+ (2020 to 2023): 23.3%
• % change in household median income (2020 to 2023): 28.9%
• $ change in household median income (2020 to 2023): $41,159
• Household median income (2023): $183,466
• Household median income (2020): $142,307

• % change in households with incomes of $200K+ (2020 to 2023): 20.4%
• % change in household median income (2020 to 2023): 31.5%
• $ change in household median income (2020 to 2023): $39,164
• Household median income (2023): $163,644
• Household median income (2020): $124,480

• % change in households with incomes of $200K+ (2020 to 2023): 19.4%
• % change in household median income (2020 to 2023): 33%
• $ change in household median income (2020 to 2023): $55,379
• Household median income (2023): $223,206
• Household median income (2020): $167,827

• % change in households with incomes of $200K+ (2020 to 2023): 24.4%
• % change in household median income (2020 to 2023): 22.1%
• $ change in household median income (2020 to 2023): $29,329
• Household median income (2023): $162,099
• Household median income (2020): $132,770

• % change in households with incomes of $200K+ (2020 to 2023): 22.4%
• % change in household median income (2020 to 2023): 26.1%
• $ change in household median income (2020 to 2023): $45,118
• Household median income (2023): $218,176
• Household median income (2020): $173,058

• % change in households with incomes of $200K+ (2020 to 2023): 23.1%
• % change in household median income (2020 to 2023): 24.5%
• $ change in household median income (2020 to 2023): $32,210
• Household median income (2023): $163,725
• Household median income (2020): $131,515

• % change in households with incomes of $200K+ (2020 to 2023): 20.8%
• % change in household median income (2020 to 2023): 29.2%
• $ change in household median income (2020 to 2023): $37,290
• Household median income (2023): $164,909
• Household median income (2020): $127,619

• % change in households with incomes of $200K+ (2020 to 2023): 22%
• % change in household median income (2020 to 2023): 26%
• $ change in household median income (2020 to 2023): $37,986
• Household median income (2023): $184,113
• Household median income (2020): $146,127

• % change in households with incomes of $200K+ (2020 to 2023): 22.6%
• % change in household median income (2020 to 2023): 22.8%
• $ change in household median income (2020 to 2023): $30,077
• Household median income (2023): $162,066
• Household median income (2020): $131,989

• % change in households with incomes of $200K+ (2020 to 2023): 20.6%
• % change in household median income (2020 to 2023): 26.8%
• $ change in household median income (2020 to 2023): $37,688
• Household median income (2023): $178,188
• Household median income (2020): $140,500

• % change in households with incomes of $200K+ (2020 to 2023): 20.5%
• % change in household median income (2020 to 2023): 26.4%
• $ change in household median income (2020 to 2023): $48,282
• Household median income (2023): $231,139
• Household median income (2020): $182,857

• % change in households with incomes of $200K+ (2020 to 2023): 20.2%
• % change in household median income (2020 to 2023): 26.9%
• $ change in household median income (2020 to 2023): $36,800
• Household median income (2023): $173,670
• Household median income (2020): $136,870

• % change in households with incomes of $200K+ (2020 to 2023): 20%
• % change in household median income (2020 to 2023): 26.1%
• $ change in household median income (2020 to 2023): $49,476
• Household median income (2023): $239,205
• Household median income (2020): $189,729

• % change in households with incomes of $200K+ (2020 to 2023): 18.2%
• % change in household median income (2020 to 2023): 29.2%
• $ change in household median income (2020 to 2023): $38,630
• Household median income (2023): $171,045
• Household median income (2020): $132,415

• % change in households with incomes of $200K+ (2020 to 2023): 20.8%
• % change in household median income (2020 to 2023): 23.3%
• $ change in household median income (2020 to 2023): $39,021
• Household median income (2023): $206,588
• Household median income (2020): $167,567

• % change in households with incomes of $200K+ (2020 to 2023): 19%
• % change in household median income (2020 to 2023): 26.3%
• $ change in household median income (2020 to 2023): $34,566
• Household median income (2023): $165,859
• Household median income (2020): $131,293

• % change in households with incomes of $200K+ (2020 to 2023): 19.4%
• % change in household median income (2020 to 2023): 24.8%
• $ change in household median income (2020 to 2023): $35,801
• Household median income (2023): $179,917
• Household median income (2020): $144,116

• % change in households with incomes of $200K+ (2020 to 2023): 23.7%
• % change in household median income (2020 to 2023): 15.3%
• $ change in household median income (2020 to 2023): $23,505
• Household median income (2023): $176,943
• Household median income (2020): $153,438

• % change in households with incomes of $200K+ (2020 to 2023): 18.3%
• % change in household median income (2020 to 2023): 26.2%
• $ change in household median income (2020 to 2023): $37,003
• Household median income (2023): $178,053
• Household median income (2020): $141,050

• % change in households with incomes of $200K+ (2020 to 2023): 18.3%
• % change in household median income (2020 to 2023): 26%
• $ change in household median income (2020 to 2023): $39,978 
• Household median income (2023): $193,904
• Household median income (2020): $153,926

• % change in households with incomes of $200K+ (2020 to 2023): 20.8%
• % change in household median income (2020 to 2023): 19.8%
• $ change in household median income (2020 to 2023): $30,591
• Household median income (2023): $184,989
• Household median income (2020): $154,398

• % change in households with incomes of $200K+ (2020 to 2023): 18%
• % change in household median income (2020 to 2023): 25.2%
• $ change in household median income (2020 to 2023): $45,809
• Household median income (2023): $227,273
• Household median income (2020): $181,464

• % change in households with incomes of $200K+ (2020 to 2023): 17.3%
• % change in household median income (2020 to 2023): 26.7%
• $ change in household median income (2020 to 2023): $46,405
• Household median income (2023): $220,408
• Household median income (2020): $174,003

• % change in households with incomes of $200K+ (2020 to 2023): 19%
• % change in household median income (2020 to 2023): 23%
• $ change in household median income (2020 to 2023): $43,594
• Household median income (2023): $233,333
• Household median income (2020): $189,739

• % change in households with incomes of $200K+ (2020 to 2023): 17.9%
• % change in household median income (2020 to 2023): 25.2%
• $ change in household median income (2020 to 2023): $38,482
• Household median income (2023): $191,128
• Household median income (2020): $152,646

• % change in households with incomes of $200K+ (2020 to 2023): 20.6%
• % change in household median income (2020 to 2023): 18.5%
• $ change in household median income (2020 to 2023): $28,909
• Household median income (2023): $185,531
• Household median income (2020): $156,622

• % change in households with incomes of $200K+ (2020 to 2023): 15.5%
• % change in household median income (2020 to 2023): 29.1%
• $ change in household median income (2020 to 2023): $39,822
• Household median income (2023): $176,822
• Household median income (2020): $137,000

• % change in households with incomes of $200K+ (2020 to 2023): 17.6%
• % change in household median income (2020 to 2023): 23.9%
• $ change in household median income (2020 to 2023): $33,976
• Household median income (2023): $176,350
• Household median income (2020): $142,374

• % change in households with incomes of $200K+ (2020 to 2023): 18.1%
• % change in household median income (2020 to 2023): 21.3%
• $ change in household median income (2020 to 2023): $28,898
• Household median income (2023): $164,315
• Household median income (2020): $135,417

• % change in households with incomes of $200K+ (2020 to 2023): 18%
• % change in household median income (2020 to 2023): 21.5%
• $ change in household median income (2020 to 2023): $37,534
• Household median income (2023): $212,241
• Household median income (2020): $174,707

• % change in households with incomes of $200K+ (2020 to 2023): 16.1%
• % change in household median income (2020 to 2023): 25%
• $ change in household median income (2020 to 2023): $36,619
• Household median income (2023): $186,250
• Household median income (2020): $149,631

• % change in households with incomes of $200K+ (2020 to 2023): 18%
• % change in household median income (2020 to 2023): 19.5%
• $ change in household median income (2020 to 2023): $29,230
• Household median income (2023): $179,063
• Household median income (2020): $149,833

• % change in households with incomes of $200K+ (2020 to 2023): 18.4%
• % change in household median income (2020 to 2023): 18.6%
• $ change in household median income (2020 to 2023): $30,311
• Household median income (2023): $193,633
• Household median income (2020): $163,322

• % change in households with incomes of $200K+ (2020 to 2023): 18.6%
• % change in household median income (2020 to 2023): 18.1%
• $ change in household median income (2020 to 2023): $25,064
• Household median income (2023): $163,662
• Household median income (2020): $138,598

• % change in households with incomes of $200K+ (2020 to 2023): 19%
• % change in household median income (2020 to 2023): 17%
• $ change in household median income (2020 to 2023): $36,316
• Household median income (2023): $250,000
• Household median income (2020): $213,684

• % change in households with incomes of $200K+ (2020 to 2023): 16.1%
• % change in household median income (2020 to 2023): 21.4%
• $ change in household median income (2020 to 2023): $38,292
• Household median income (2023): $217,250
• Household median income (2020): $178,958

• % change in households with incomes of $200K+ (2020 to 2023): 17.5%
• % change in household median income (2020 to 2023): 17.9%
• $ change in household median income (2020 to 2023): $30,013
• Household median income (2023): $197,358
• Household median income (2020): $167,345

• % change in households with incomes of $200K+ (2020 to 2023): 14%
• % change in household median income (2020 to 2023): 25.3%
• $ change in household median income (2020 to 2023): $40,464
• Household median income (2023): $200,156
• Household median income (2020): $159,692

• % change in households with incomes of $200K+ (2020 to 2023): 18.3%
• % change in household median income (2020 to 2023): 15.9%
• $ change in household median income (2020 to 2023): $25,517
• Household median income (2023): $186,206
• Household median income (2020): $160,689

• % change in households with incomes of $200K+ (2020 to 2023): 17.1%
• % change in household median income (2020 to 2023): 18.2%
• $ change in household median income (2020 to 2023): $34,253
• Household median income (2023): $222,393
• Household median income (2020): $188,140

• % change in households with incomes of $200K+ (2020 to 2023): 16.7%
• % change in household median income (2020 to 2023): 18.9%
• $ change in household median income (2020 to 2023): $30,535
• Household median income (2023): $192,300
• Household median income (2020): $161,765

• % change in households with incomes of $200K+ (2020 to 2023): 16.8%
• % change in household median income (2020 to 2023): 18.2%
• $ change in household median income (2020 to 2023): $33,716
• Household median income (2023): $219,402
• Household median income (2020): $185,686

• % change in households with incomes of $200K+ (2020 to 2023): 15%
• % change in household median income (2020 to 2023): 22%
• $ change in household median income (2020 to 2023): $33,826
• Household median income (2023): $187,603
• Household median income (2020): $153,777

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 as conducted by the US Census Bureau. With these cities selected, 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 and is up to date as of March 7, 2025.