14 Richest Neighborhoods in America
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Are you curious about which American suburbs and neighborhoods are considered the richest? Where do the celebs live, where did the richest Americans choose to call home, and why are people prepared to pay a fortune for a location? On this list, we talk about secret country clubs, upscale spots, and some remarkable architecture.
America is home to the wealthiest city in the world, New York City. Also, 5 out of the top 10 richest cities in the world are located in the U.S. This brings us to the list of 14 wealthiest neighborhoods in America. While some are located in the richest cities, some make their own wealth outside the busy areas.
1. NoHo, New York City, New York
Let’s start this list with the wealthiest city in the U.S. and one of its most affluent neighborhoods. Primarily, Noho was an area with not-so-popular loft apartments, and it was second most popular to Soho. After rapid gentrification in the 21st century, the identical loft apartments started selling for an average of $3.25 million.
The average yearly household income in Noho for 2022 was $195.000. White collar workers make up around 98% here, and private companies and self-employees make up around 82,3%.
Its central location and few available apartments keep the demand high. Many celebrities call Noho their home since it is at the same time low-key, chic, and eventful.
2. Old Palo Alto, Palo Alto, California
Old Palo Alto’s first house was formerly built for the Gamble family of Proctor & Gamble (Gillette, Braun). Now that land is used as the community ground of Elizabeth F. Gamble Garden. It seems like the history of this neighborhood chose the path for its development.
Today, Old Palo Alto is a neighborhood of many generations of the same families, with tradition and a closed community. Rarely is there an available house, and the median sales price is $3.72 million. The lots here are luxurious and enormous, averaging an incredible 9,000 square feet.
Picturesque tree-canopied streets, beautiful architecture, and a peaceful atmosphere, make this neighborhood enjoyable. Another thing is that Old Palo Alto is just a tunnel ride away from California Avenue, where stores and Michellin-Starred restaurants are located!
3. TriBeCa, New York City, New York
With its loft apartments selling for an average of $3.9 million, Tribeca has one of the richest ZIP codes in America.
A part of the richest neighborhood tabulation in the Big Apple called SoHo-TriBeCa-Civic Center-Little Italy, Tribeca undoubtedly has one of the best locations in NYC. The Hudson River and Hudson River Park are nearby as well as a lot of greenery which makes Tribeca a practical and outstanding place to live.
The average household income for this chic area is $879,000 since Tribeca is home to many celebrities, hedge-fund, and tech billionaires. They often choose to buy penthouses and use them as secondary residences. Most of them are located in 1,000-foot-tall towers. The tallest building in this neighborhood is 56 Leonard, where a one-bedroom apartment is sold for $2.85 million.
4. The Golden Triangle, Greenwich, Connecticut
One of the nation’s wealthiest neighborhoods is, for sure, The Golden Triangle in Greenwich. It is bounded by North Street, Round Hill Road, and Merritt Parkway. With the numbers showing the average household income of $614,250, this area can easily compete with Manhattan’s numbers.
Many hedge-fund managers and financiers who work in downtown Greenwich have their homes here. So, on the one side, it is home to people who can afford their own beachfront peninsulas. On the other side, many average working households are located here.
5. Loyola, Los Altos, California
Sunny and peachy California has a lot of wealthy neighborhoods across its shore. Loyola is more expensive than 99.3% of those neighborhoods! It is also in 0.3% of America’s richest neighborhoods.
Predominantly occupied by single-family homes and home to 91% of adults with bachelor’s degrees, Loyola has a strict pattern for choosing its residents.
The average household income here is around $326,000, and the median property prices are almost $4 million. Many of those houses were built between 1940-1969. A lot of residences have seen the light of day in the 80s. They are all well-established and give off the old-money vibe.
Mercedes, Audi, BMW, and Lexus are strolling around these streets, and as with any wealthy area, Loyola has its own country club too!
6. Billionaires’ Row, New York City, New York
Along the southern edge of Central Park, on 57th street, lies the press-dubbed ‘Billionaires’ Row.’ As the name says, this area is home to the wealthiest people in America. Penthouses facing Central Park are sold for everything from $50 million to $238 million!
Ken Griffin, hedge-fund manager, and investor set the record for the largest deal in the United States by buying a penthouse here, for $238 million.
CEO of Dell Technologies, Michael Dell, paid $100.5 million for a penthouse with six bedrooms and six bathrooms at One 57.
Today, the prices have gone even higher. The central location in New York City belongs to the richest of the rich, and there is no sign that that would change.
7. Brewer Subdivision, Hillsborough, California
We’re back in California, in the area where a median home price goes around $6.75 million. Brewer Subdivision is the neighborhood framed by El Cerrito Avenue and Crystal Springs Road, closest to downtown San Mateo. Formerly populated by mid-century ranch-style homes, now it is a luxurious area with 34% of the homes being 4-bedroom units.
With a small population of 570 and a median household income of $240 000, this is a prestigious area to be around.
89% of the residents own their homes and have been there for a long time.
This area’s location near the El Camino Real made it a dominantly young couple’s location. 82% of residents are couples without kids.
8. Kalorama Heights, Washington, DC
Kalorama Triangle Historic District and Sheridan-Kalorama Historic District form Kalorama Heights, one of the richest neighborhoods in Washington. Once a tiny low-key neighborhood had its boom during the 2016 presidential election.
It is home to 28 embassies, including the French ambassador’s residence and the Residence of the Ambassador of the Netherlands. It has also been home to Woodrow Wilson, William Howard Taft, Herbert Hoover, and Warren Harding. Now it is said to be a base of the Obama family and Jeff Bezos.
‘Kalorama’ means ‘fine view’ in Greek, and this neighborhood really does keep its promises. Greenery and monumental-looking houses and streets make this area a lush place to live. The median year of home construction was 1939- the same as other posh areas such as Cleveland Park, Georgetown, and Dupont Circle.
9. Port Royal, Naples, Florida
With one wish in mind being ‘To make Port Royal the finest place in the world to live,’ John Glenn Sample bought two square miles of marshland in Naples in 1938. Today this area is known to the public as the poshest area in Florida.
This waterfront neighborhood is visually striking, even for people not living there. With its twisted streets, beautiful rows of houses, and the nearby ocean, it is an otherwordly place to live. Many houses are located along the water with private beaches and canals giving access to the Gulf.
Security cameras guard the area’s 497 houses 24 hours a day.
Port Royal Club is available for all the residents, with a one-year membership being $3,500. Established in 1959, this club allows residents to socialize with neighbors and eat delicious meals.
Celebrities love the Port Royal! Larry Bird and Judith Sheindlin (Judge Judy) share the neighborhood’s lovely white-sand beaches!
10. SoHo, New York City, New York
This Lower Manhattan area expects you to have more than $130,000 a year to live comfortably. Add median apartment prices of $2.2 million to that, and you will get a feel of how much a person living in Soho needs.
Being a hectic center with many chic boutiques, top-rated restaurants, and parks, Soho has everything you need. Belgian blocks are used for the unique paved streets, and the industrial vibe from the past still is felt, making Soho authentic to its core!
Alicia Keys, Jon Bon Jovi, Daniel Craig, and many more celebrities chose to call Soho their home.
11. Beverly Hills, Los Angeles, California
Being the pop culture icon and home to many hotels and resorts, Beverly Hills has a firm place on this list.
It was primarily developed as an agricultural community until investors looking for oil developed it into a town. This notable suburb of Greater Los Angeles is located immediately southwest of the Hollywood Hills and 12.2 miles northwest of downtown Los Angeles. It is quite an eventful neighborhood since the Rodeo Drive shopping district, and some high-end restaurants are located here. It is also home to Hilton Hotels Corporation and Metro-Goldwyn Mayer.
The average annual household income is $192,600.
12. Burr Ridge, Chicago, Illinois
Burr Ridge has a quiet and luxurious aura surrounding it. Located just west of Chicago, this neighborhood is one of the wealthiest and most posh communities in America. Typically associated with single-family home living, its nature and 12 significant parks make it great for raising a family or having an active pet!
The architecture reflects English Tudor and French Country detailing, reminding of residences found throughout Northern Europe.
The median listing home price is $775 000.
13. Tuxedo Park, Atlanta, Georgia
Located in the Buckhead area of Atlanta, former home to the former Coca-Cola chairmen, Tuxedo Park keeps thriving to this day by being one of the richest areas in America.
Tuxedo Park is home to the governor’s mansion and many homes ranging in styles from Georgian and Tudor to Greek Revival. This area is above average in one more thing: being on the National Register of Historic Places.
The median listing home price goes around $2 million, and the average annual household income is about $200 000!
With these numbers, it is definitely the richest area in Georgia.
14. Point Dume, Malibu, California
Large homes behind walls, mansions, and mega-mansions are all part of this popular sunny neighborhood. The fact that it is just out into the Pacific Ocean is enough for it to be a popular filming location and home to some of the highest-paid actors of our time.
Here, you can find a house being $3.15 million, and the price is only growing over time.
Port Dume has been a symbol of wealth and pop culture for a long time. The Big Lebowski, Iron Man, and Planet of the Apes all have scenes that were shot here. Of course, this area is always a symbol of a prosperous lifestyle. It is also a fantastic spot for outdoor sports, including rock climbing, surfing, and scuba diving.