This Is the Wealthiest City in Your State

Cupertino California
Uladzik Kryhin / Shutterstock.com

Have you wondered where the wealthiest cities in the country are? New York City and San Francisco might come to mind, but big businesses and high rents don’t necessarily translate to wealth for a city’s residents. In fact, what separates some of the wealthiest cities from their less wealthy counterparts might surprise you.

In this study, GOBankingRates defined the “wealthiest” cities as those with high typical home values and high median household incomes. To find the wealthiest city in each state, we used data from Zillow to locate the cities with the highest home values. Then, we examined the household median income by city using data from Sperling’s Best Places. Whichever city had the highest household income was deemed the wealthiest city in that state.

Keep Reading: From Alabama to Wyoming: The Cost of Living Across America

Wealthiest City in Alabama: Hoover

  • Typical home value: $321,693
  • Median household income: $89,452

Hoover is a suburb of Birmingham, but it is hardly a sleepy bedroom community. With a population of 85,175, it is the sixth-largest city in Alabama and home to major employers such as Regions Bank, BlueCross and BlueShield of Alabama, AT&T, McLeod Software and CGI.

More From Your Money
Sponsors of

Fun fact: Singer Taylor Hicks, a former “American Idol” winner, grew up in Hoover.

Wealthiest City in Alaska: Juneau

  • Typical home value: $431,221
  • Median household income: $88,390

Residents of Alaska’s capital city boast about the local scenery, abundant wildlife and endless outdoor activities. Its main industries are government, fishing, mining and tourism.

Fun fact: Of Juneau’s 3,255 square miles, only 14 square miles are urban.

Tax Breaks: 7 States With No Income Tax

Wealthiest City in Arizona: Gilbert

  • Typical home value: $377,242
  • Median household income: $96,857

Gilbert got its start as an agricultural town and until the late 1920s, it was best known as the “Hay Shipping Capital of the World.” By 1970, it had a population of just 1,971. Now, the fast-growing suburb of Phoenix has more than 243,000 residents.

Fun fact: Because Gilbert never changed its designation from “town” to “city,” it is the largest town in terms of population in the U.S.

Planning To Move? These Are the 50 Best Cities for Renters

Wealthiest City in Arkansas: Rogers

  • Typical home value: $217,379
  • Median household income: $61,551

Rogers got its start as a stop on the St. Louis and San Francisco Railroad and became a major shipping outlet for apples. It later became a hub of poultry growing and processing, and Tyson Foods is a major employer.

Fun fact: Sam Walton opened his first Walmart store in Rogers on July 2, 1962.

Learn More: Best Places To Live On a $50,000 Salary in Every State

Wealthiest City in California: Cupertino

  • Typical home value: $2,200,686
  • Median household income: $171,917

It shouldn’t be a surprise that Cupertino is California’s richest city. After all, it’s the home of Apple Inc., which got its start in the city in 1977 as Silicon Valley Apple Computer Inc. Numerous other high-tech firms followed Apple into Cupertino. In August 2020, the maker of the MacBook, iPhone and other products reached $2 trillion in value.

Fun fact: The name of the city was inspired by Pedro Font, a Franciscan priest who traveled through the area in 1776.

Retiring? Worst Places To Spend Your Golden Years and Where To Retire Instead

Wealthiest City in Colorado: Highlands Ranch

  • Typical home value: $545,640
  • Median household income: $125,454

Highland Ranch’s history dates to 1859, when potato farmers occupied the land. Fast forward to 1977, when the Mission Viejo Co., and later Shea Homes, developed a master-planned community. Today, about 105,000 people live in Highlands Ranch.

More From Your Money
Sponsors of

Fun Fact: NFL All-Pro running back Christian McCaffrey attended Valor Christian High School in Highlands Ranch.

See: States Where the Rich Get Richer and the Poor Get Poorer

Wealthiest City in Connecticut: West Hartford

  • Typical home value: $308,367
  • Median household income: $104,281

Known to the locals as We-Ha, West Hartford mixes classic New England charm with a vibrant shopping and entertainment district. It has 39 historic sites, including the spot where American soldiers camped during the Revolutionary War and the home of Noah Webster, the father of the dictionary.

Fun fact: American School for the Deaf opened in West Hartford in 1817.

Wealthiest City in Delaware: Newark

  • Typical home value: $256,029
  • Median household income: $58,434

Newark began in the 1700s as a farming and manufacturing community, owed to its rich soil and ore from Iron Hill. It received a charter from King George II in 1758.[16] Seven years later, NewArk College was founded and eventually became the University of Delaware.

Fun fact: Newark is in New Castle County, and that shouldn’t be hard to remember. Delaware has only three counties.

Wealthiest City in Florida: Weston

  • Typical home value: $499,037
  • Median household income: $107,908

Weston is a master-planned community of 70,614 residents, and several publications have named it one of the top places to live in the U.S. The South Florida city is just east of the Florida Everglades and a short drive west of the Atlantic Ocean.

Fun fact: Weston is a haven for athletes, with Hall of Fame quarterback Dan Marino and retired baseball slugger Jose Canseco among the sports stars who have lived there.

Wealthiest City in Georgia: Johns Creek

  • Typical home value: $451,317
  • Median household income: $122,514

Johns Creek was established less than 15 years ago upon incorporation on Dec. 1, 2006. Despite its status as a teenager, Johns Creek already is the 10th-largest city in Georgia with 83,999 residents.

Fun fact: The city got its name from Johns Creek, a Chattahoochee River tributary.

Related: 50 Splurges of the Filthy Rich

Wealthiest City in Hawaii: East Honolulu

  • Typical home value: Unavailable
  • Median household income: $133,165

East Honolulu is part of the Hawaii’s capital city but also is recognized independently as a census-designated place. It is popular among retirees, with more than 25% of its population age 65 or older.

Fun fact: Residents appear to be health-conscious. According to Livability.com, 98% of the population has health insurance, 16% have jogged in the past year and 36.5% have eaten organic food in the past six months.

Wealthiest City in Idaho: Meridian

  • Typical home value: $374,989
  • Median household income: $71,389

Meridian, incorporated in 1903, celebrates its roots as a dairy center each June during Meridian Dairy Days. Today, it’s the second-largest city in the state with 101,905 residents, and its population tripled between 1990 and 2000.

Fun fact: Wilbert Gore, the developer of Gore-Tex, was born in Meridian.

Wealthiest City in Illinois: Naperville

  • Typical home value: $419,809
  • Median household income: $125,926

Naperville got its start in 1831 as a mill town, but the Chicago suburb now is home to high-tech industries and corporate headquarters. BP and Nokia are among the companies with a major presence in the city.

Fun fact: The Naperville Public Library has been named the No. 1 library in the nation in its size category at least 10 times.

Wealthiest City in Indiana: Carmel

  • Typical home value: $394,408
  • Median household income: $112,765

Carmel, located about 25 miles from Indianapolis, has developed a reputation as one of the coolest suburbs in the U.S. The Carmel Arts & Design District draws locals and visitors to its art galleries, restaurants, antique stores and specialty retail shops.

Fun fact: If it’s a drink you want, you can follow either the Carmel Caffeine Trail or the Brews & Barrels Trail.

Wealthiest City in Iowa: Ankeny

  • Typical home value: $265,524
  • Median household income: $86,486

Residents of Ankeny, a suburb of Des Moines, know they have their own little slice of heaven. In the 2018 National Citizen Survey, 97% rated the quality of life in Ankeny as excellent or good. They gave it high marks for its neighborhoods, safety, as a place to raise children and its overall appearance.

Fun fact: Crop harvesting and crop care equipment is manufactured at the John Deere Des Moines Works in Ankeny.

See: Why Living in a Small Town Is the Best Financial Decision I’ve Made

Wealthiest City in Kansas: Olathe

  • Typical home value: $283,736
  • Median household income: $90,435

Olathe, which is the Shawnee Indian word for “beautiful,” was incorporated in 1857 and is a suburb of Kansas City, Missouri. Although Olathe is a growing city of 137,618, it celebrates its rural past at the Mahaffie Stagecoach Stop & Farm, the only working stagecoach stop that remains on the Santa Fe Trail.

Fun Fact: Willie Aames, a child star from the 1970s, spent some of his post-Hollywood years in Olathe.

Wealthiest City in Kentucky: Lexington

  • Typical home value: $209,851
  • Median household income: $57,291

The largest city on the list, Lexington has a population at 320,601. Since 95% of the world’s Bourbon supply is aged in Kentucky, it’s appropriate that downtown Lexington has two distilleries.

Fun fact: Queen Elizabeth II of England has visited Lexington at least twice to take a tour of the facilities of one Kentucky’s other leading industries, thoroughbred racing.

Wealthiest City in Louisiana: Metairie

  • Typical home value: $289,048
  • Median household income: $59,346

Metairie is steeped in history. A suburb of New Orleans, Metairie was a French settlement in 1700s, then was controlled by Spain until it reverted to the French in 1801. Two years later, it was part of the Louisiana Purchase area sold by Napoleon to the United States.

Fun fact: The New Orleans Saints’ headquarters are in Metairie.

Wealthiest City in Maine: South Portland

  • Typical home value: $343,127
  • Median household income: $69,290

Maine is famed for its oceanfront vistas and lighthouses, and none is better known in South Portland than the Portland Breakwater Light, called Bug Light Park Lighthouse. It has been on the National Register of Historic Places since June 19, 1973.

Fun fact: Fort Preble, in South Portland, was the site of the only known Civil War battle fought in Maine: the Battle of Portland Harbor.

Wealthiest City in Maryland: Bethesda

  • Typical home value: $1,059,229
  • Median household income: $164,162

A Washington, D.C., suburb, Bethesda has become a hub for dining, arts and entertainment.

Fun fact: The Bethesda Metro Station has the second-longest escalator in the Western Hemisphere.

Read More: 11 of the Richest Athletes of All Time

Wealthiest City in Massachusetts: Newton

  • Typical home value: $1,285,501
  • Median household income: $151,068

Seven miles west of downtown Boston, Newton offers a respite from city life with 19.6% of its land being open space. It has 13 villages, each with its own flair and flavor.

Fun fact: Boston College is located in the Chestnut Hill section of Newton.

Wealthiest City in Michigan: Troy

  • Typical home value: $341,975
  • Median household income: $101,882

Residents of Troy, a northern suburb of Detroit, enjoy shopping at the Somerset Collection, an upscale mall with 180 stores and restaurants. It is anchored by Saks Fifth Avenue, Neiman Marcus, Nordstrom and Macy’s.

Fun fact: Troy actor Steven Yeun had a prominent role on “The Walking Dead.”

Wealthiest City in Minnesota: Eden Prairie

  • Typical home value: $395,452
  • Median household income: $111,981

Eden Prairie is about 18 miles southwest of Minneapolis. In the city’s most recent Quality of Life survey, 95% of the city’s residents rated the quality of life well above average.

Fun fact: One stretch of U.S. 212 that runs through Eden Prairie is the third-busiest in the state with 107,000 average daily trips, according to the Minnesota Department of Transportation.

Wealthiest City in Mississippi: Southaven

  • Typical home value: $180,281
  • Median household income: $61,026

The Bank Plus Amphitheater at Snowden Grove in Southaven hosts big-name musical acts. Barring any postponements due to COVID-19, the Dave Matthews Band is scheduled to play there Sept. 22.

Fun fact: Southaven is installing automated meter readers to improve the accuracy of water bills.

Wealthiest City in Missouri: O’Fallon

  • Typical home value: $262,459
  • Median household income: $90,025

O’Fallon’s first resident settled in 1856, and 100 years later, the city had a population of 1,357. Now, 65 years later, the St. Louis suburb has 87,242 residents.

Fun fact: O’Fallon was still so rural in the early 1970s that it wasn’t uncommon for police to be called to deal with stray cattle in the streets.

Wealthiest City in Montana: Helena

  • Typical home value: $298,088
  • Median household income: $61,324

Helena, Montana’s capital city, experienced a boom after the 1864 gold strike. Now, it’s better known for its entertainment, dining, cultural and recreation options, which includes a vast bike trail system.

Fun fact: Helena was the birthplace of Hollywood royalty Gary Cooper and Myrna Loy.

Wealthiest City in Nebraska: Bellevue

  • Typical home value: $202,811
  • Median household income: $65,308

With its ideal location along the Missouri River, Bellevue became an outpost for fur trading in the 1820s. A half-century later, when the fur trade vanished, so did Bellevue. The war years of the 1940s and the growth of Offutt Air Force Base put the city back on the map, and 53,324 people now live there.

Fun fact: Bellevue’s population spurted by 47.5 percent during the 1990s.

Wealthiest City in Nevada: Enterprise

  • Typical home value: Unavailable
  • Median household income: $81,461

Unincorporated Enterprise is a suburb of Las Vegas and has grown at a meteoric pace over the past 30 years. According to the U.S. Census Bureau. Enterprise had 827 residents in 1990 and 1,000 in 2000. By 2010, the number was 108,481 and it is 171,108 today.

Fun fact: Entertainers and athletes have found their way to Enterprise. Boxer Floyd Mayweather and NBA star DeMarcus Cousins are among the buyers of luxury homes in the area.

Wealthiest City in New Hampshire: Nashua

  • Typical home value: $341,944
  • Median household income: $74,995

Nashua, about an hour northwest of Boston, was chartered in 1673, and a century later, some area residents fought in the Revolutionary War. By the early 1800s, Nashua became a manufacturing center that lasted for a century. After World War II, new industries spawned in Nashua, rebuilding for the city.

Fun fact: Singer/actress Mandy Moore of NBC’s “This Is Us” was born in Nashua.

Wealthiest City in New Jersey: Hoboken

  • Typical home value: $811,632
  • Median household income: $147,620

Hoboken packs 53,193 residents into just 1.28 square miles of area, and that small space has seen a lot in its history. Frank Sinatra is the city’s most famous son, born there in 1915. Thomas Edison ran the first electric train from the station in Hoboken to Montclair, New Jersey.

Fun fact: The 1954 movie “On the Waterfront” starring Marlon Brando was filmed almost entirely in Hoboken.

Wealthiest City in New Mexico: Rio Rancho

  • Typical home value: $215,966
  • Median household income: $66,856

Part of the Albuquerque metro area, Rio Rancho is the third-largest city in New Mexico and the state’s fastest-growing community with 96,210 residents.

Fun fact: Rio Rancho is a mile-high city with an elevation of 5,290 feet.

Wealthiest City in New York: Levittown

  • Typical home value: $468,967
  • Median household income: $124,995

Levittown, on Long Island, was developed in 1947 by William Levitt of Levitt & Sons and is recognized as the first true American suburb. His goal was to provide affordable housing for troops returning from World War II. Initial home prices were just under $8,000.

Fun fact: The first homes in Levittown were built without basements because with a quick turnaround needed, there wasn’t time to dig that far down.

Wealthiest City in North Carolina: Apex

  • Typical home value: $380,828
  • Median household income: $111,435

Apex was a tiny town until high-tech firms began moving into Research Triangle Park in the nearby suburbs of Raleigh. Buoyed by the development, Apex had grown to 5,000 residents by 1990 and to 37,476 in the 2010 census. Today, the community has 51,370 people.

Fun fact: Apex’s preserved downtown is on National Register of Historic Places to mark its history as a railroad town.

Wealthiest City in North Dakota: Bismarck

  • Typical home value: $297,913
  • Median household income: $64,444

Formerly known as Edwinton, the city was renamed in 1873 in hopes that Prince Baron Otto Eduard Leopold Von Bismarck-Schoenhausen, the first chancellor of the German Empire, would encourage German investment in the struggling railroad in the area. He sent his thanks for the gesture — but no money.

Fun fact: The state Capitol in Bismarck is the tallest building in the state at 242 feet.

Wealthiest City in Ohio: Kettering

  • Typical home value: $160,841
  • Median household income: $58,970

The earliest settler founded what now is Kettering in 1798, but the community wasn’t incorporated until 1952. It was named for philanthropist Charles F. Kettering, who invented the automobile self-starter.

Fun fact: Unlike other rapidly growing cities on this list, the Dayton suburb has lost residents, dropping from just shy of 70,000 in 1970 to 55,390 today.

Wealthiest City in Oklahoma: Edmond

  • Typical home value: $245,331
  • Median household income: $81,473

Edmond, located north of Oklahoma City, is noted for many firsts in the Oklahoma territory, according to the Oklahoma Historical Society. The first church, the first public schoolhouse and the first continuous newspaper all launched in 1889.

Fun fact: Gymnast Shannon Miller, winner of seven Olympic medals, was raised in Edmond.

Wealthiest City in Oregon: Hillsboro

  • Typical home value: $412,383
  • Median household income: $82,275

Hillsboro is part of the Silicon Forest, the name given to Greater Portland region, where high-tech companies have gathered. In 2020, Intel debuted its newest processor, which was designed at its research and development site in Hillsboro.

Fun fact: Hillsboro has the designation as both a Tree City USA and Bee City USA.

Wealthiest City in Pennsylvania: Levittown

  • Typical home value: $269,431
  • Median household income: $81,107

The second Levittown on this list, Levittown, Pennsylvania, was built by the same developers of the New York community of the same name, who sought to build affordable housing for military members and the working class. The Levitt company built about 17,300 homes between 1952 and 1958 at this location in Bucks County.

Fun fact: Levittown sprouted on 5,750 contiguous acres of farmland where broccoli and spinach previously were grown.

Wealthiest City in Rhode Island: Warwick

  • Typical home value: $259,368
  • Median household income: $73,757

Warwick has 39 miles of coastline that for years drew the elite to the shores. Pre-Great Depression and before the New England hurricane of 1938, Warwick was the summer home of more millionaires than any other place in the U.S., according to the Warwick Digital History Project.

Fun fact: Settled in 1642 as Pawtuxet Village, Warwick is the oldest village in New England.

Wealthiest City in South Carolina: Mount Pleasant

  • Typical home value: $492,664
  • Median household income: $103,232

There’s plenty to do in Mount Pleasant, which is across the bay from historic Charleston. Patriots Point Naval & Maritime Museum has three historic military ships and 28 aircraft to see.

Fun fact: With nearly 87,000 residents, Mount Pleasant is South Carolina’s fourth-largest city.

Learn More: The Cost of Living Is Quickly Rising in These 20 US Cities

Wealthiest City in South Dakota: Sioux Falls

  • Typical home value: $229,817
  • Median household income: $59,912

Actress January Jones graduated from Roosevelt High School in Sioux Falls before her starring turn on “Mad Men.” She even worked at the Dairy Queen in the city.

Fun fact: Who knew Sioux Falls had a taste of Japan? The proof is at Shoto-Teien Japanese Gardens.

Wealthiest City in Tennessee: Collierville

  • Typical home value: $365,490
  • Median household income: $113,996

In 1850, Collierville was a thriving settlement. By 1863, it was in ruins after a Civil War battle, and after it was rebuilt, an outbreak of yellow fever decimated Collierville again. Resilient, the Memphis suburb now has just more than 50,000 residents.

Fun fact: Parade magazine named Collierville the winner of America’s Best Main Street in 2014.

Wealthiest City in Texas: Flower Mound

  • Typical home value: $407,241
  • Median household income: $137,285

Always looking to improve quality of life, the city has launched “All Together Flower Mound,” an early 2021 project seeking to bring together residents, business owners and local leaders to collaborate to make the community better.

Fun fact: The city got its name due to the number of wildflowers growing on a local hill.

Wealthiest City in Utah: South Jordan

  • Typical home value: $498,296
  • Median household income: $104,597

South Jordan was a small farming community when it incorporated in 1935. In 1970, the population was just short of 3,000. Today, it’s a thriving Salt Lake City suburb of 71,198.

Fun fact: The city is known to locals as SoJo.

Wealthiest City in Vermont: Burlington

  • Typical home value: $370,538
  • Median household income: $51,394

There’s plenty to do in Burlington, a thriving college town. The Church Street Marketplace features dining, shopping and entertainment options, and it’s a short distance to the Burlington Waterfront Park.

Fun fact: Ben & Jerry’s was founded in Burlington in 1978 with its first store in a renovated gas station.

Wealthiest City in Virginia: Reston

  • Typical home value: $557,152
  • Median household income: $120,396

Robert E. Simon had the right idea when he developed Reston (named for his officials RES) in the early 1960s. He wanted a place where people could live, work and play in close proximity and cut down on long commutes. Today, 61,147 people live in Reston.

Fun fact: Two elementary schools in Reston were named for astronauts: Buzz Aldrin and Neil Armstrong.

Wealthiest City in Washington: Sammamish

  • Typical home value: $1,012,680
  • Median household income: $174,003

Sammamish, to the east of Seattle, incorporated in 1999 and now has nearly 65,000 residents. Many major employers are located on the Eastside, including Microsoft and Nintendo.

Fun fact: There are no freeways running through the city limits.

Don’t Miss: How to Retire With at Least $1,000,000

Wealthiest City in West Virginia: Wheeling

  • Typical home value: $102,372
  • Median household income: $44,119

Wheeling’s economy thrived at the end of the 18th century with the growth of iron and steel mills, and the city earned the nickname of the “Nail Capital of the World.” By the end of the century, it was the richest per capita in the U.S.

Fun fact: Wheeling was the first capital of West Virginia.

Up Next: What a Million-Dollar Home Looks Like in the U.S.

Wealthiest City in Wisconsin: Madison

  • Typical home value: $300,868
  • Median household income: $65,332

Madison was incorporated in 1856 and named after President James Madison. In keeping with the theme, Madison named many city streets in honor of signers of the Constitution.

Fun fact: In Madison, the home of the University of Wisconsin, more than half of the population is under age 30.

Wealthiest City in Wyoming: Gillette

  • Typical home value: $280,313
  • Median household income: $79,789

Gillette is billed as the “Energy Capital of the Nation,” and Campbell County produces more than 30% of the nation’s coal.

Fun fact: The city was named after engineer and surveyor Edward Gillette.

More From GOBankingRates

    Morgan Quinn contributed to the reporting for this article.

    Last updated: Apr. 7, 2021

    Methodology: To identify the wealthiest city in every state, GOBankingRates looked at all cities in the U.S. with 50,000 or more residents according to the U.S. Census Bureau’s 2019 American Community Survey 5-year estimates. Using the same source, GOBankingRates found the city in every state with the highest median household income. As supplemental data, GOBankingRates also provided the 2020 typical home value for a single family residence in each city by averaging Zillow’s monthly Home Value Index values in every city from January through November 2020. The population minimum was relaxed to 25,000 for the following states that had fewer than three qualifying cities under the initial minimum: Alaska, Delaware, Hawaii, Maine, Montana, New Hampshire, South Dakota, Vermont, West Virginia, and Wyoming. All data was gathered on and up to date as of Jan. 11, 2021.

     

    This Is the Wealthiest City in Your State
    Close popup livericher_png

    We're here to help you Live Richer.

    Sign up to receive our daily weekday newsletter with the latest finance and lifestyle content.

    Loading...
    Please enter an email.
    Please enter a valid email address.
    There was an unknown error. Please try again later.

    For our full Privacy Policy, click here.