High-income areas are often well educated, and Upper Montclair is no exception. 25 cheapest car models to insure, Can you afford that new vehicle? In almost every state -- rich or poor -- there is at least one town where most households earn far more than the typical state resident and the typical American. Kicking off our count down of the 10 richest cities in Alabama is Spanish Fort, a tiny city where the only things smaller than the population is the poverty and unemployment rates (4.9 percent and 1.7 percent respectively) and the only thing bigger than the median income of $83,913 is the median home price of $242,600. The flipside? The typical home in the area is worth $214,800 -- double the value of the typical West Virginia home. The low educational attainment and lack of extremely high incomes are partially explained by the types of jobs available in the area.
Fishhook is the wealthiest town in the second wealthiest state. Up next is Hoover, a medium-sized city of 85,175 that combines big-city attractions with small-town values. In most towns on this list, serious financial hardship is relatively scarce, and Cottage Lake is no exception. Ranked by Niche as the best suburb to buy a property in Alabama, the city is as rich in attractions as it is in everything else. Chicago, the largest city in the Midwest, is less than 30 miles south of Winnetka. Real estate is expensive in Fairway, which may partially explain the concentration of high-income residents. If you want a single-family home, dont expect much change from $255,100. Located along the shores of Lake Michigan, the Milwaukee suburb of Whitefish Bay is the wealthiest town in Wisconsin. More than three in every four adults in the state have a bachelors degree or higher, well above the 27.6% share of adults across the state as a whole. 25 cheapest car models to insure. Many in White Rock work at the nearby Los Alamos National Laboratory, a U.S. Department of Energy facility that develops nuclear weapons technology. The median annual household income in Arkansas of $42,336 is the second lowest of any state. Darien, the wealthiest town in Connecticut, is one of only a dozen nationwide where the typical household earns over $200,000 a year. In Zachary, a small city just north of Baton Rouge, the median household income is $75,472 a year, about $20,000 more than the median income nationwide. Just 28.3% of area adults have a bachelors degree or higher, below both the 28.8% college attainment rate statewide and the 30.3% rate nationwide. Bethany is a small suburb of Portland,Ore., and the wealthiest community in the state. Many high-paying jobs are only available to those with at least a bachelors degree, and in Oak Hill, 77.2% of the adult population has a four-year college education, well above the 25.4% share of college-educated adults statewide. Like most places on this list, Bethany is home to a relatively large college-educated population. 
As is the case with many towns on this list, Winnetka is within commuting distance of a major urban area. Many of the largest employers in the Denver area are well-paying companies including defense contractors Raytheon and Lockheed Martin and financial services firm Charles Schwab. High income areas are typically in commuting distance of major urban centers, and Greenville, a small suburb of Providence, Rhode Islands capital and largest city, is no exception. The wealthiest town in the state, Whitefish Bay population is also the best educated. More: Despite overall sustained GDP growth in US, some cities still hit hard by extreme poverty. The small Tulsa suburb of Jenks has the highest median income of any town in Oklahoma. Just 5.5% of area households earn $200,000 or more per year, in line with the 5.7% national share and only slightly higher than the 4.6% statewide share. The typical household in the Nashville suburb of Oak Hill earns $148,500 a year, more than triple what the typical Tennessee household earns in a year.
This site uses Akismet to reduce spam. Four in every five area adults have a bachelors degree or higher, compared to about one in every four adults across South Carolina as a whole. The town with the highest median income in each state is also often an expensive place. Highlands median household income of $122,666 a year is nearly double the Utah's median of $62,518 a year. High-income areas are often home to large college-educated populations, and Tanque Verde is no exception. Despite ranking as the wealthiest town in Maine, Saco is home to a relatively small share of extremely wealthy households. One of only two North Carolina towns where most households earn six-figure incomes, the Charlotte suburb of Davidson is the wealthiest town in the state. With a poverty rate of 20.9% and a median household income of $45,674, New Mexico is one of the poorest states in the country. The facility has a $2.6 billion annual budget and employs nearly 12,000 people -- over half of whom are have a college degree. In comparison, fewer than one in three adults nationwide have a four-year college degree. Not only does the town have a high median income, but also a relatively high concentration of extremely wealthy households.
Tanque Verde is the only town in Arizona where over half of all adults have a bachelors degree or higher. Additionally, 14.2% of all area households earn $200,000 or more a year, by far the largest share in the state and well above the 5.7% share of American households nationwide. Some 88.1% of area residents have a bachelors degree or higher, the largest share of any town in both the state and the country. 25 richest cities in America: Does your metro area make the list? However, not all New Mexico residents have lower than typical incomes.
With the highest incomes in the state, the town also boasts a prohibitively expensive real estate market. Despite the lower median income in Ohio, some towns in the Midwestern state rank among the wealthiest in the country. Not only does North Star have the highest median income of any town in the state, but it also has the lowest poverty rate. Partially as a result, most of the wealthiest towns in each state are home to relatively large college-educated populations. Even in the wealthiest town in the state, the median income is relatively modest. Some 10.9% of area homes earn at least $200,000 a year, more than double the comparable 4.9% share of households statewide. More: Can you afford that new vehicle? The typical household in the state earns $45,652 a year, nearly $10,000 less than the typical American household. Both for individuals and across broad populations, incomes tend to go up with educational attainment. Just 3.2% of area residents live in poverty, a fraction of the statewide poverty rate of 18.4%. More: Thinking about where to retire? Not only does Fishhook have the highest median income of any town in the state, but it also has the lowest poverty rate. The areas median income is no doubt driven up by the concentration of extreme wealth. One of the wealthiest villages in the United States, Winnetka is also the best educated. The region has far higher than typical employment in construction and extraction occupations, fields than can be relatively high paying without high education requirements. Despite the relatively high median income, the town does not have an especially high concentration of extremely wealthy households. Fairway is the only town or small city in Kansas where over half of all households earn six-figure incomes, making it by far the wealthiest town in the state.
The typical Ocean Pointe household earns $111,729 a year, about $40,000 more than the median income in Hawaii of $71,977 a year, which itself is among the highest of any state. Just how widespread these opportunities are is a matter of debate, but there are towns that serve as evidence that the American Dream is alive and well, at least for some. Higher educational attainment opens the door to higher-paying jobs, and wealthier populations tend to be better educated.
Williston is one of many towns in the western region of North Dakota to benefit from the energy boom following the discovery of oil in the Bakken shale formation. Some 88.1% of Winnetkas adult residents have a bachelors degree or higher, the largest share of any U.S. town. The typical Fairway home is worth $335,800 -- over $100,000 more than the median home value in Prairie Village, the town with the second most expensive real estate in Kansas. Opportunities for career progression are excellent, with the result that the median income now stands at a very respectable $97,226. The typical American home is worth $184,700.
24/7 Wall Streetreviewed the median annual household income in every American town with a population between 1,000 and 25,000 to identify the wealthiest town in each state. As to why so many rich Alabamas choose to live here, take your pick. The typical Tontitown home is worth $252,100, the most of any town in the state and more than double the median home value of $114,700 in Arkansas. Many high-paying jobs require a four-year college degree.
The median annual household income in the Pittsburgh suburb of Edgeworth of $154,545 is by far the highest in Pennsylvania and about $100,000 more than the median income of $54,895 across the Keystone State. The city itself is divided between old money and new, with newcomers with flashy cars and a taste for ostentation rubbing shoulders with the good old southerners whove lived there for too many generations to count. Better-educated Americans are more likely to hold better paying jobs, and in Eagle, 46.4% of the population has a bachelors degree or higher, well above both the state bachelors attainment rate of 26.2% and the U.S. rate of 30.3%. In terms of median income, Mountain Brook wipes the floor with the competition, with the average household sitting pretty on the mammoth income of $152,355. Most wealthy towns are home to a well-educated population, but Spring Creek is a notable exception. Helena is a small city with big prices. More than two in every three adults in Bethany have a bachelors degree compared to fewer than one in every three adults across the state as a whole. Teays Valley also has the most expensive real estate in the state. The typical home in Jenks is worth $195,200, or only about $10,500 more than the national median home value. The drunkest (and driest) cities in America, Cost of living: The purchasing power of a dollar in every state, Which town in your state is the poorest? While there are a larger than typical share of high earners in Waverly, there is not an especially high concentration of extremely wealthy residents. 
