Oxnard-Thousand Oaks-Ventura has a 3.6% jobless rate, 11.4% earning $200,000 or more, and 33.6% of adults with a bachelors degree or higher. Required fields are marked *. Fortune Global 500 companies include SK Holdings, POSCO, LG Electronics and more. The 6,250 cities that met the criteria were then ranked based on their average household income to determine which cities were the 100 richest in the United States. Sometimes settling down in a city is a lifetime decision. Two of those counties are Kings and Queens, which double as boroughs of New York City. Zara founder Amancio Ortega, Spain's richest person, expanded his global portfolio of commercial real estate last year, acquiring at least 10 properties across North America and the UK for more . She denied the allegations, as did the Tesla cofounder, who shared selfies of him and his friend Brin, who kept quiet. With a population of just over 30,500 people, the majority of whom are commuters, Los Altos is the fourth most educated city in the United States. Walton briefly worked for Walmart as a buyer of childrens clothes in the 1970s but has since focused on philanthropy and collecting artmuch of it housed at her Crystal Bridges Museum of American Art in the familys hometown of Bentonville, Arkansas. If you are on the higher end of the economic scale, you will have access to a variety of attractions, including a number of well-recognised beaches, parks, and restaurants. Unsurprisingly, that was a huge hassle, so much so that the citys leadership started pushing for the city to be made a county. Potomac, Maryland is located just across the Potomac River from this city, which has a population of 47,682 and is located on the outskirts of Washington, District of Columbia (another one of the richest cities in America). Learn how your comment data is processed. Everything costs 25% more than the nationwide average, with tourists and locals alike having to cough up expensive goods and services, including living arrangements. Boulder, like many other metro cities on our list, has a well-educated workforce and a favourable employment environment. Other industries driving their economy are tech, tourism, and the service industries such as hospitality. For instance, the city of New York is a metropolitan area made up of 5 boroughs with each borough contributing to the cities overall GDP. In April, he told investors he had plowed $51 billion of Berkshires cash into stocks, including billion-dollar bets on Chevron, Occidental Petroleum and HP. The average household in the Denver metro region earns $85,641 a year, which is higher than in all but 20 other cities in the United States. Santa Rosa is a half-million-person metropolis about 50 miles north of San Francisco. ", The millionaire populations of Dubai, Mumbai, and Shenzhen are expected to break into the Top 20 wealthiest cities by 2030, according to Andrew Amoils , Head of Research at New World Wealth. Only 26.6 per cent of adults in the metro region hold a bachelors degree, compared to 32 per cent of Americans. Overland Park, KS Median Income: $ 87,629 Unemployment Rate: 3.2 % Population: 193,412 View this post on Instagram 2,047) The county is home to numerous sites of note. In June, he paid a Florida record of $173 million for a home in Manalapan. London, United Kingdom: $978.402 Billion, 2. In 2022, a small group of households in America holds 30% of the wealth (or $39 trillion). Surprisingly, theyre not. The cities we're about to mention are pretty wealthy, overall. The Shenzhen Special Economic Zone was created in May of 1980 and is based on Irelands Shannon Free Zone. In the cities that made this list majority of people have made it there, financially. Unemployment Rate: 3.9%. Walton and his wife, Melani, pledged $100 million last September to help preserve 30 African national parks and protected areas. Back in the 19th century, it was very focused on agriculture, which meant the cultivation of both hemp and tobacco plus the rearing of both horses and cattle. Due to heavy investment into research and development, high-tech companies in Shenzen have consistent government support. Dont miss out this article on richest counties in the US. As such, it was named for the English county of the same name. Bezos stepped down as Amazon CEO in July 2021. All maps, graphics, flags, photos and original descriptions 2023 worldatlas.com. Rank City Income; 1. The 10 Best Places to Live on the West Coast of Florida. Santa Rosa, like most other high-income cities, is pricey. As such, people have been known to mistake it for a part of the Philadelphia metropolitan area, which is often called the Delaware Valley. The cannabis business is rather recent, but also encourages financial growth for the city. High-paying tech businesses like Google and IBM are major employers in the metro region. Sales at Americas second-largest private company, Koch Industries, reached some $125 billion in 2021, up from an estimated $115 billion a year earlier. There isnt much need to introduce the City and County of San Francisco. By examining a cities GDP, we can get a good idea of its industries and how they contribute to the overall economic growth. No one gained more than Tesla and SpaceX chief Elon Musk, who tops the 400 for the first time, despite being weighed down by his $44 billion Twitter takeover, which hes been fighting to void. It has $105,9659 with home values of $446,300. Some of the stores were also victims to the series of mass looting incidents that plauged major cities in 2021 and 2022. . We added hundreds of new lists - see our top 101 city lists. Waltons consortium includes his daughter Carrie Walton Penner, who replaced him on the board of the familys charitable foundation, and his son-in-law Greg Penner, who succeeded him as Walmart chairmanas well as former secretary of state Condoleezza Rice and Ariel Investments co-CEO Mellody Hobson, who is married to George Lucas. Only 32.2% of adults boast a bachelor's or higher, enough for the state's most demanded service jobs; fishing and tourism. There are many urban areas, including the states capital Chicago, but there is also plenty of rolling hills, wetlands, farmland, and forests. Boulders unemployment rate of 2.5 per cent is far below the national unemployment average of 3.8 per cent, and over two-thirds of individuals have a bachelors degree or above, compared to less than a third of Americans. Simply put, it is one of the best-known places in the United States and beyond. The area is home to Bridgeport, one of the nation's poorest cities that evens out the high-earning professionals who commute to New York City for work. Douglas County couldnt be better positioned in the state of Colorado. The median household income is pretty high. Fortune Global 500 companies housed in Moscow include Gazprom, Rosneft Oil and Sistema among others. Another unique location to the rest of the nation places seventh. It sits at the midway point between Denver and Colorado Springs, which would be the states largest and second largest cities. Oxnard is a metro region just north of Los Angeles with a population of around 850,000 people. Like the other cities mentioned in our list of the richest cities of the world, the economy of Washington, D.C. is a diverse one. New Orleans is the biggest name (and some say the biggest, Read More The 20 Best Places to Live in LouisianaContinue, Virtual real estate isnt a new concept. Ventura dubbed the city of good fortune, has a plethora of well-paying professions in health care, tourism, and technology. Only 2.7 per cent of local employees are unemployed, about a full percentage point lower than the national unemployment rate of 3.8 per cent, which is close to a historic low. This site uses Akismet to reduce spam. Earlier this year, he reportedly made a $2 billion offer for the Portland Trail Blazers that was rebuffed by the estate of Microsoft cofounder Paul Allen (d. 2018). Liz Flynn has worked as a full-time writer since 2010 after leaving a career in education. What are the wealthiest cities in the U.S.? Most Napa households make at least $92,769 per year, with 12.4 per cent earning more than $200,000. According to a study by Teleport, Osaka scores well when it comes to affordable housing, community safety, business, and healthcare. More recently, much of the county has undergone a transformation into the suburbs, which explains much about its excellent scores for health, income, and education. Despite suffering a tough downturn due to the pandemic, Shanghai remains one of the worlds richest cities. The Carolinas are taking over this year with these rankings. San Mateo, like many other metro cities on our list, has a well-educated workforce and a favourable employment environment. Napa Valley is well-known across the world as a wine-growing region, and local wineries, as well as the tourist they generate, contribute significantly to the local economy. You must also locate yourself in the appropriate city. China is crucial to the worlds supply chain, and Shenzhens container port is one of the largest. A big economic draw for San Francisco is its close proximity to Silicon Valley. Adding to the diversity are biotech companies and information technologies. Supposedly, one of the reasons for Williamson Countys high income is the number of musicians and other well-known individuals who have homes in the region. On TV it looks so easy to buy a house, fix it and sell for a profit. Patagonia, an outdoor apparel brand, is also located here. Located in the Santa Clara Valley, San Jose is the richest metro area by far, with a median household income of $110,040, surpassing the runner-up by over $13,000. With a median income of $251,000 at the beginning of 2022, the town just edges out Woodside and Hillsborough. Cary, North. However, a sharp economic disparity runs through this metropolitan region, making it one of the worst in the country. The median household income in the United States in 2018 was $61,937. Please note that these numbers are median household incomes rather than mean household incomes. Zuckerbergs push into the metaverse hasnt been well received either, prompting him to promise major updates to graphics following online criticism. You should find this article on richest neighborhoods in America very interesting. By this point, interested individuals should have no problem guessing which metropolitan area Morris County belongs to. The analysis used to rank the top 10 richest cities in America in 2022 is based on the U.S. Census 2016-2020 American Community Survey. If Arlington County leans more towards the Washington metropolitan area, then Howard County leans more towards the Baltimore metropolitan area. Chances are good that interested individuals can guess that Williamson County can be found in the Nashville metropolitan area. Penthouses in the 30 Park Place complex are currently listed for 10 times as much. Most households in the metro region make more than $87,947 per year, and 13.7 per cent make more than $200,000 per year a higher percentage than all but six other metro regions in the US. Stamford is also a primary business hub in the region. Fortune 500 companies include Comcast, Colonial Penn, Sunoco, Aramark, CIGNA, Lincoln Financial Group, and more. The majority of households in the metro region make at least $94,027 a year, with 12% earning more than $200,000. Known as a center of learning due to the many high caliber universities in the city such as Osaka and Kansai universities, Osaka attracts creative and innovative industries. The average household in a metro region makes $86,652 a year, almost $17,000 more than the average American home. . Even though the city was riddled with the effects of the pandemic, Job growth occurred with another 5,700 jobs added. Some 75% of aggregate household assets are financial, like stocks, mutual funds, retirement accounts, and owned businesses. As a suburban area, it should come as no surprise to learn that it is also home to numerous people who work for one part of the U.S. government or another. Walton immediately became the richest NFL owner when he outbid groups led by fellow billionaires Josh Harris, Mat Ishbia and Jose E. Feliciano to buy the Denver Broncos in June for $4.7 billionthe most ever spent on a sports franchise. This included plans of action to assist with rent, taxes, business subsidies and more. This table includes only zip codes where more than 10,000 returns were filed Filter by number of returns filed: All . . City employment is driven by AT & T, Walgreens, Abbott Labs, the CTA, Walmart and Allstate Insurance, among others. In a public setback, his Blue Origin had to abort a rocket launch in September. Manufacturing and processing, renewable technology, and life sciences are all promising industries in the region. Industries that have found success in the city include food processing, manufacturing, publishing, insurance and tourism. Once considered a major shipping hub to the world, that distinction has been replaced by the service industries, such as financial services. Four of the top 20 are worth $100 billion or more, down from eight last year, but up from two in 2020 and none in 2017. These are of very low quality and should be avoided. The median home value is $444,500 with the median household income of $97,053. Most metro area households make at least $87,470 per year, with more than one in ten earning more than $200,000. Singapore (5th), Hong Kong (SAR China) (12th), Frankfurt (13th), Toronto (14th), Seoul (16th), and finally Paris, plummeting 3 places to 20th, make up the rest of the 2022 ranking. 6. In short, it came into existence because of the city that is now the same as the county. Today, Boston is a center of learning with many stellar educational institutions like MIT and Harvard, which contribute greatly to Bostons economy. It is named for Richard Montgomery, an Irishman who served in the British Army and then in the Continental Army. It's a sharp reversal from last year, when the top 20 added an unprecedented $500 billion to their collective fortunes as asset prices soared, accounting for nearly 40% of the $1.3 trillion gained by the entire list. A major oil refiner, the Wichita conglomerate has invested more than $2 billion since early 2021 into energy transformation technologies such as electric batteries, energy storage and solar power infrastructure. An ongoing shock that some residents are much more capable of absorbing than others. In short, it came into existence because of the city that is now the same as the county. In fact, 14 out of 20 are located in Prince George's County, MD, which had been considered the wealthiest Black county until 2020. It hosts the largest operations of some of the nation's biggest tech companies, with major employers like Amazon, Microsoft, Facebook, and Google. Foreign corporations such as IBM, Nestle, Hewlett-Packard and more flooded Beijing, causing a rapid economic expansion. Its a one-two-three that seems like a great way to make a ton of money very quickly. In August she donated two Beverly Hills mansions, worth $55 million, to the California Community Foundation, which will sell them and use the proceeds for affordable housing and immigrant integration efforts. 20 Cities with the Worst Weather in the U.S. How Eiza Gonzalez Achieved a Net Worth of $5 Million, How Bebe Rexha Achieved a Net Worth of $10 Million, The 20 Worst Cities for Human Trafficking in the World. Taxes, business, and life sciences are all promising industries in metro. 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