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Move over New York City, Los Angeles and Miami. Wealthy Americans are swapping notoriously rich city locales in favor of making moves to quiet, secluded suburbs like Scarsdale, Calabasas and Palm Beach.
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Which suburbs are home to some of the wealthiest Americans? To find out, GOBankingRates looked at all cities with 5,000 or more households and isolated the 50 cities with the highest average household income. The 2024 typical home value and metro area location were then sourced to determine the wealthiest suburbs.
Key Findings
The wealthiest U.S. suburb is Scarsdale, New York where the average household income is $568,942. The typical home value in Scarsdale is $1.4M+.
California dominated rankings with 16 suburbs in the top 50. The top five most expensive California suburbs are Los Altos ($400k), Orinda ($370), Palos Verdes Estates ($342k), Saratoga ($329k) and Menlo Park ($316k).
Which coast has the wealthiest suburbs? The East Coast took the lead with 23 wealthy suburbs, including five in New York and five in New Jersey, making the top 50 ranking. In second place is the West Coast with 19 suburbs.
In order of suburbs with the highest to lowest average household income, keep reading to see which suburbs are among the wealthiest in the United States.
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1. Scarsdale, New York
Suburb of: New York-Newark-Jersey City, NY-NJ
Average household income: $568,942
Typical home value: $1,413,514
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2. Rye, New York
Suburb of: New York-Newark-Jersey City, NY-NJ
Average household income: $405,074
Typical home value: $2,119,482
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3. West University Place, Texas
Suburb of: Houston-Sugar Land-Baytown, TX
Average household income: $403,845
Typical home value: $1,605,049
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4. Los Altos, California
Suburb of: San Jose-Sunnyvale-Santa Clara, CA
Average household income: $400,817
Typical home value: $4,451,059
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5. Paradise Valley, Arizona
Suburb of: Phoenix-Mesa-Glendale, AZ
Average household income: $385,643
Typical home value: $3,449,905
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6. University Park, Texas
Suburb of: Dallas-Fort Worth-Arlington, TX
Average household income: $381,235
Typical home value: $2,305,281
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7. Hinsdale, Illinois
Suburb of: Chicago-Joliet-Naperville, IL
Average household income: $380,479
Typical home value: $1,088,871
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8. Great Falls, Virginia
Suburb of: Washington-Arlington-Alexandria, DC-VA-MD
Average household income: $373,735
Typical home value: $1,564,775
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9. Orinda, California
Suburb of: San Francisco-Oakland-Fremont, CA
Average household income: $370,203
Typical home value: $2,078,615
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10. Wellesley, Massachusetts
Suburb of: Boston-Cambridge-Quincy, MA
Average household income: $367,801
Typical home value: $1,979,339
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11. Palm Beach, Florida
Suburb of: Miami-Fort Lauderdale-Pompano Beach, FL
Average household income: $365,991
Typical home value: $11,571,608
Photographer: Carol M. Highsmith / Library of Congress
12. McLean, Virginia
Suburb of: Washington-Arlington-Alexandria, DC-VA-MD
Average household income: $364,093
Typical home value: $1,541,929
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13. Southlake, Texas
Suburb of: Dallas-Fort Worth-Arlington, TX
Average household income: $360,078
Typical home value: $1,240,766
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14. Palos Verdes Estates, California
Suburb of: Los Angeles-Long Beach-Anaheim, CA
Average household income: $342,463
Typical home value: $2,890,788
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15. Saratoga, California
Suburb of: San Jose-Sunnyvale-Santa Clara, CA
Average household income: $329,142
Typical home value: $3,981,261
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16. Menlo Park, California
Suburb of: San Francisco-Oakland-Fremont, CA
Average household income: $316,584
Typical home value: $2,810,388
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17. Lafayette, California
Suburb of: San Francisco-Oakland-Fremont, CA
Average household income: $312,233
Typical home value: $2,001,408
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18. La Cañada Flintridge, California
Suburb of: Los Angeles-Long Beach-Anaheim, CA
Average household income: $310,947
Typical home value: $2,481,526
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19. Los Gatos, California
Suburb of: San Jose-Sunnyvale-Santa Clara, CA
Average household income: $305,653
Typical home value: $2,740,764
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20. Pinecrest, Florida
Suburb of: Miami-Fort Lauderdale-Pompano Beach, FL
Average household income: $304,416
Typical home value: $2,243,489
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21. Mill Valley, California
Suburb of: San Francisco-Oakland-Fremont, CA
Average household income: $303,623
Typical home value: $2,152,207
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22. Wolf Trap, Virginia
Suburb of: Washington-Arlington-Alexandria, DC-VA-MD
Average household income: $301,790
Typical home value: $1,204,121
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23. Palo Alto, California
Suburb of: San Jose-Sunnyvale-Santa Clara, CA
Average household income: $301,226
Typical home value: $3,654,765
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24. San Carlos, California
Suburb of: San Francisco-Oakland-Fremont, CA
Average household income: $298,397
Typical home value: $2,441,915
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25. Bellaire, Texas
Suburb of: Houston-Sugar Land-Baytown, TX
Average household income: $294,605
Typical home value: $1,078,719
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26. Summit, New Jersey
Suburb of: New York-Newark-Jersey City, NY-NJ
Average household income: $291,509
Typical home value: $1,244,244
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27. Tenafly, New Jersey
Suburb of: New York-Newark-Jersey City, NY-NJ
Average household income: $291,096
Typical home value: $1,168,510
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28. Mercer Island, Washington
Suburb of: Seattle-Tacoma-Bellevue, WA
Average household income: $290,655
Typical home value: $2,374,579
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29. Potomac, Maryland
Suburb of: Washington-Arlington-Alexandria, DC-VA-MD
Average household income: $287,918
Typical home value: $1,328,491
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30. Lake Forest, Illinois
Suburb of: Chicago-Joliet-Naperville, IL
Average household income: $284,784
Typical home value: $1,097,029
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31. Winchester, Massachusetts
Suburb of: Boston-Cambridge-Quincy, MA
Average household income: $283,632
Typical home value: $1,639,942
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32. Cupertino, California
Suburb of: San Jose-Sunnyvale-Santa Clara, CA
Average household income: $283,063
Typical home value: $3,145,958
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33. Westfield, New Jersey
Suburb of: New York-Newark-Jersey City, NY-NJ
Average household income: $281,738
Typical home value: $1,138,497
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34. Bethesda, Maryland
Suburb of: Washington-Arlington-Alexandria, DC-VA-MD
Average household income: $281,586
Typical home value: $1,286,315
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35. Lexington, Massachusetts
Suburb of: Boston-Cambridge-Quincy, MA
Average household income: $281,187
Typical home value: $1,641,388
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36. Manhattan Beach, California
Suburb of: Los Angeles-Long Beach-Anaheim, CA
Average household income: $280,470
Typical home value: $3,161,132
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37. Garden City, New York
Suburb of: New York-Newark-Jersey City, NY-NJ
Average household income: $279,539
Typical home value: $1,196,407
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38. Ridgewood, New Jersey
Suburb of: New York-Newark-Jersey City, NY-NJ
Average household income: $277,428
Typical home value: $1,055,405
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39. Greenwich, Connecticut
Suburb of: New York-Newark-Jersey City, NY-NJ
Average household income: $276,350
Typical home value: $2,345,511
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40. Wilmette, Illinois
Suburb of: Chicago-Joliet-Naperville, IL
Average household income: $273,718
Typical home value: $896,128
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41. Princeton, New Jersey
Suburb of: New York-Newark-Jersey City, NY-NJ
Average household income: $269,420
Typical home value: $967,165
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42. Needham, Massachusetts
Suburb of: Boston-Cambridge-Quincy, MA
Average household income: $267,951
Typical home value: $1,541,698
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43. Mountain Brook, Alabama
Suburb of: Birmingham-Hoover, AL
Average household income: $267,337
Typical home value: $832,745
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44. Vienna, Virginia
Suburb of: Washington-Arlington-Alexandria, DC-VA-MD
Average household income: $265,744
Typical home value: $1,112,463
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45. Danville, California
Suburb of: San Francisco-Oakland-Fremont, CA
Average household income: $264,134
Typical home value: $2,014,964
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46. Dix Hills, New York
Suburb of: New York-Newark-Jersey City, NY-NJ
Average household income: $262,723
Typical home value: $998,484
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47. Sammamish, Washington
Suburb of: Seattle-Tacoma-Bellevue, WA
Average household income: $261,753
Typical home value: $1,657,550
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48. Moraga, California
Suburb of: San Francisco-Oakland-Fremont, CA
Average household income: $259,468
Typical home value: $1,897,230
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49. Calabasas, California
Suburb of: Los Angeles-Long Beach-Anaheim, CA
Average household income: $257,894
Typical home value: $1,922,163
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50. Harrison, New York
Suburb of: New York-Newark-Jersey City, NY-NJ
Average household income: $257,202
Typical home value: $1,312,689
Methodology: For this piece, GOBankingRates looked at all cities with 5,000 households or more. GOBankingRates then isolated the 50 cities with the highest average household income as sourced from the 2022 American Community Survey. GOBankingRates was then able to find which metro area they were a suburb of as well as the 2024 typical home value for the city as sourced from Zillow. All data was collected and is up to date as of June 18, 2024.
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This article originally appeared on GOBankingRates.com: These Are America’s Wealthiest Suburbs