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"The homes in Atherton are spectacular," Swann told CNBC Make It. Many residents likely commute to high-paying jobs in nearby Birmingham. Much of Alaska's wealth is tied to the energy business. The downside? (It's an in-state draw for all the millionaires from the Stamford area, too. Indeed, benchmark U.S. crude oil is off about 35% over the past year. It has long been a retreat for the well-to-do of the Mid-Atlantic seeking antique shops and solitude. Pound Ridge, NY (pop. Travilah is a wealthy suburb situated some 15 miles up the Potomac River from downtown Washington D.C. With a median household income of $235,669 a year, Travilah is the wealthiest place with a population between 1,000 and 25,000 in both Maryland and the United States. The town is just outside of Anchorage, Alaska's largest city, providing residents access to many, likely higher-paying, employment opportunities. Miami, Florida. 10. When you purchase through links on our site, we may earn an affiliate commission. They have new homes, drive new cars, and have bright futures. The Federal Reserve has been aggressive in its rate hiking, and it's likely not done yet. 3); and Cherry Hills Village, Colorado (No. Median household income: $88,199 (state: $63,296), Poverty rate: 5.3% (state: 13.1%), Median home value: $251,300 (state: $249,800). More than 10% of Alaska residents live in poverty, yet the poverty rate in Gateway is just 4.2%. The median annual household income in America is just over $60,000. All. For the fourth straight year, Atherton topped Bloomberg's Richest Places annual index. The typical Spring Creek home is worth $225,400, less than the $242,400 state median home value. The 25 Best Low-Fee Mutual Funds You Can Buy. New Mexico's personal income tax rates top out at 4.9% on taxable income over $16,000 for single filers and over $24,000 for married couples filing jointly. Median household income: $106,285 (state: $54,325), Poverty rate: 3.7% (state: 14.1%), Median home value: $196,800 (state: $135,400). This combines to explain why the town is on the list of the 20 richest in New Jersey in 2019. The typical Whitefish Bay household earns $117,300 a year, nearly twice the $59,209 state median household income and the $60,293 national figure. Mountain biking, hiking and fly fishing are just a few of the allures for the millionaire who likes the great outdoors. Like many prosperous communities, New Albany is growing rapidly. A suburb of Detroit, Bloomfield Hills is located less than 30 miles from Hamtramck, the poorest community in the state where most households earn less than $26,000 a year. 20 Dividend Stocks to Fund 20 Years of Retirement, Torrington is the largest town in Litchfield County, which has long been a popular retreat for Manhattan's wealthy and chic looking for a remote, mountainous retreat. The corporate leadership positions available to Centerton residents have likely helped raise the town's median household income to over $73,000 -- well above the statewide median of $45,726. The high incomes in Glen Ridge are evident by real estate values. Whitefish Bay is a small village of 14,000 residents located less than 10 miles north of downtown Milwaukee. Does it really matter if Aunt Jemima and Uncle Ben get retired? Given the school's very highly selective . Find the full list of America's 100 Richest Places on Bloomberg. For example, your friend asks you, "how much money do you have . The median household income in Paradise Valley is nearly four times as high as the median in Arizona. Hudson boasts scores of antiques dealers, which led the charge in making the town attractive for new residents, tourists and wealthier folks in search of second homes. Median household income: $72,537 (state: $55,425), Poverty rate: 10.6% (state: 12.5%), Median home value: $218,800 (state: $184,500). Investable assets include education/custodial accounts, individually owned retirement accounts, stocks, options, bonds, mutual funds, managed accounts, hedge funds, structured products, ETFs, cash accounts, annuities and cash value life insurance policies. According to Forbes' Real-Time Billionaires Rankings, as of February 2020, New York City is the American city with the most billionaires, with 82 billionaires. In Gateway, Alaska, most households earn more than $100,000 per year, compared to the statewide median income of $76,715. By Jeff Reeves More than 8,000 people call Upper Saddle River in Bergen County home. Microsoft co-founder Paul Allen's estate sold for over $35 million in 2020. Incomes tend to rise with educational attainment, and not only is Cumberland Hill the wealthiest place in the state, it is also the best educated. The 2014 slump in energy prices touched off the state's worst recession in three decades. On the plus side, Massachusetts' reputation as a high-tax state is overblown (opens in new tab). Tega Cay, South Carolina, is located on a peninsula along Lake Wylie, just south of the border with North Carolina. Watch on. And while it helps to be a millionaire to live in Juneau, it's increasingly difficult to become one. 65 Best Dividend Stocks You Can Count On in 2020. Every one of the top 20 towns have households that bring in at least $300,000 a year. The wealthiest town in the state, Destrehan's median household income of $92,052 is nearly double the median income across Louisiana of $47,942. Check out the latest list of American small towns teeming with well-to-dos. Tiny Easton, on the Eastern Shore of the Chesapeake Bay, prides itself on its out-of-the-way feel, with country farms mixing with lavish waterfront estates. The area sits between Lake Winnisquam and Lake Winnipesaukee in the middle of New Hampshire's famed Lakes Region. Looking to buy a car? It is one of the most educated towns in the state, with 48% of the population holding a bachelor's degree. Jackson is a town in Wyoming's famed Jackson Hole valley. Data on household incomes and home values come from the U.S. Census Bureau. Median household income: $114,801 (state: $78,084), Poverty rate: 4.2% (state: 9.9%), Median home value: $629,800 (state: $587,700). All of the wealthiest neighborhoods in America on Bloomberg's Richest Places Index have average household incomes over $300,000. The typical household in Horace today earns $131,354 a year, the most of any small town in North Dakota and more than twice the state median household income of $63,473. Genesee is a small Census designated place located less than 20 miles west of Denver. Median household income: $75,439 (state: $60,076), Poverty rate: 6.2% (state: 11.2%), Median home value: $283,400 (state: $223,700). The allures of the Key West area are well known. (adsbygoogle = window.adsbygoogle || []).push({}); With an average household income of more than $525,000, Atherton, California is the richest town in the United States, thats according to a Bloomberg report. Loudoun County. So it should come as no surprise that Breckenridge would make the cut. The typical actual cost that students . This table shows the astonishing list of wealthiest counties in America by average household income. The city continues to attract some very educated people; about 44% of adults in the area have at least Bachelor's Degrees. NY 10036. This level of education qualifies Genesee residents for many of the high-paying jobs in the Denver area. This time the list is from Bloomberg. Published 17 January 23. places to live Heber boasts world-class recreational activities for the wealthy and regular Joes alike. Driving time: 6 hours, 14 minutes. AI stocks have been bloodied up in recent months, but the technology's relentlessly growing importance should see the sun shine on them again. The economy in Los Alamos is supported by the Los Alamos National Lab -- a research and development center for the Department of Energy and the National Nuclear Security Administration. Median household income: $84,075 (state: $56,499), Poverty rate: 2.5% (state: 13.6%), Median home value: $206,600 (state: $159,100). revealing the wealthiest towns in the US. Today it has some of the most expensive homes in North Carolina. Prince William County, Virginia $106,200 Five-star skiing at the Deer Valley and Sundance ski resorts is roughly a half-hour away. Highland, Utah, is located between Salt Lake City, the largest metro area in the state, and Provo, home to Brigham Young University, the state's largest college. Clarkson Valley is the only small city or town in the state where more than 75% of the adult population has a bachelor's degree or higher. (STACKER) - In April 1934, the U.S. recorded its highest wind speed ever, a gust of 231 miles per hour at Mount Washington Observatory in New Hampshire. Who said big money is smart? Disclosure: Dan does not trade stocks or other securities. One of the primary determinants of income is education. The Mount Washington weather station, With nearly a $12 million annual salary, Walters was one of the highest-paid news anchors . Only 4.5% of the community's families fall below the poverty line, and with a mean household income of $339,883, residents can boast of being some of the wealthiest in the entire state of Illinois. Loudoun County is the richest county in the USA, with an estimated average household income of $ 117,876. Situated on the northeast shore of White Bear Lake some 20 miles from downtown Minneapolis, Dellwood is one of the wealthiest suburbs in the Midwest. Many high-income residents likely commute to high-paying jobs in the Seattle area. Arus kas bersih dari aktivitas operasi di tahun Net cash flow from operating activity in 2016 consisted of cash re Speaking of wealth, Atherton's average household income is a mind-boggling $525,324, up $74,638 since 2017, when it was last recorded by Bloomberg. Ocean Pointe is a Census-designated place on the island of Oahu within commuting distance of Honolulu. New Albany boasts 53 miles of walking trails, more than 2,000 acres of parkland, and a 5,000 acre business park. Median household income: $180,541 (state: $63,575), Poverty rate: 1.2% (state: 13.1%), Median home value: $625,100 (state: $187,200). Most homes in Pinecrest are worth over $900,000, while most Florida homes are worth less than $200,000. Cost of living: 21.1% above U.S. average. This is further evidenced by rapid population growth. Below are the 11 Chicago area towns that made the list with their rankings. Less Diverse. Dallas. Atherton isn't the only town touting notable wealth, though. Jim Walton is the last heir to the Walmart fortune. 50 Top Stock Picks That Billionaires Love. 20 Best Stocks to Buy for the New Bull Market. Real estate taxes are among the highest in the country, and the state has not only a luxury tax, but the country's only gift tax. Dan Burrows is Kiplinger's senior investing writer, having joined the august publication full time in 2016. 4. The Boston suburb of Winchester has a median household income of nearly $160,000 a year -- more than double the statewide median of $77,378, which itself is one of the highest among states. Rock Springs has since transitioned from coal to an economy dependent on trona mines and oil and gas, and is today the wealthiest small town in Wyoming. Here's how Big Daddy Unlimited's subscription services . Lexington has become one of the wealthiest cities in America, with the typical home costing $1,361,431 in 2022, according to Zillow. The typical household in Spring Creek earns $97,143 a year, far more than both the state median household income of $57,598 and the national median of $60,293. Median income is more than $15,000 above the national level. The town also has a poverty rate of 4.1%, less than a quarter of the state poverty rate which is 17.8%. The typical Mississippi household earns just $43,567 a year, about $17,000 less than the typical American household. But as anyone who works in the oil patch knows, booms and busts are an integral part of the industry. In Los Alamos, most households earn over $100,000 a year. 10. And thanks to abundant revenue that the state collects from oil and mineral rights, Wyoming millionaires shoulder one of the lowest tax burdens in the U.S. For those living in Idaho, the tax situation is a bit more mixed (opens in new tab). In Essex Junction, the wealthiest small city or town in the state, the median household income is just $75,439. We've rounded up the wealthiest citizens from 31 rich countries, including America, the UK, Canada, and Australia. The facility has a nearly $3billion annual budget and employs some 13,000 people -- about two-thirds of whom have a college degree. Too cold outdoors? On the downside, Minnesota is not a friendly state (opens in new tab) when it comes to taxes. Realtor. These commodity ETFs offer investors exposure to the diverse asset class, which is a helpful hedge against inflation. Here are the 20 richest counties in the U.S. and the average household incomes of each, according to DailyMail.com's report. Median household income: $93,364 (state: $51,424), Median home value: $205,100 (state: $130,900). Millionaires building second homes in the Steamboat Springs area have done more to push up house prices than wages. Here are the 10 leading cities for the wealthy for 2019. We have yet one of the Richest Cities in California on our list at the eight spot and that is Oxnard-Thousand Oaks-Ventura. Edgeworth is a small borough of approximately 1,600 residents located some 12 miles up the Ohio River from downtown Pittsburgh. While Silicon Valley and the New York metro area make up a big chunk of this list, the richest people in America also take up residences in Arizona, Florida, Colorado and Virginia. Unfortunately, some of the other state and local taxes aren't quite so taxpayer-friendly. A college degree can provide the holder with a much wider range of job opportunities, and the jobs themselves tend to be higher income. In fact, according to the Organization for Economic Co-operation and Development, the U.S. ranks 10th in the number of hours worked per country (Mexico, C Within five years, Tulsa had grown from a rural crossroads town in the former Indian Territory into a boomtown with more than Median household income: $210,511 (state: $76,106), Median home value: $1,461,100 (state: $272,700). Austin, Texas. The typical household in Oak Hill earns $159,167 a year, more than triple the median household income of $50,927 across Tennessee as a whole and the most of any small city or town in the state. In Oak Hill, some 78.2% of adults have at least a bachelor's degree -- about three times the 26.6% state college attainment rate and by far the most of any small city or town in Tennessee. The Wealth Report is Knight Frank's flagship annual publication, offering a unique perspective on global wealth, prime property and investment. 4); and Los Altos Hills, California (No. Incomes tend to rise with educational attainment, and as is often the case in other states, Missouri's wealthiest town is also its best educated. 5,104) over $200,000: 2. More than half of the 100 richest cities in the United States were in the New York City area or California. Wanna be a billionaire? Antigua and Barbuda Citizenship by Investment Program (CIP), St. Lucia CIP: Saint Lucia Citizenship By Investment Program, Vanuatu CIP: Vanuatu Citizenship By Investment Program, Montenegro Citizenship By Investment Program (CIP), Moldova CIP: Moldova Citizenship By Investment Program, Turkey CIP: Turkey Citizenship By Investment Program, Portugal Golden Visa Program. Known for high-income levels and a low unemployment rate, Luxembourg is the richest country in the world. Boating, fishing, snorkeling, scuba diving and lazing on the beach are just some of Key West's draws. . Although gold mining is no longer much of a growth area, pulling the yellow metal from the ground does remain a productive endeavor. Looking at the poorest cities in the U.S., there are certainly some geographic patterns that emerge. It's a small area with a small population but a large percentage of highly educated and highly trained engineers and scientists. The typical household in Avondale Estates earns $108,299 a year, nearly twice the state median income of $55,679 and far more than the national figure of $60,293. By: News 12 Staff. Median household income: $80,135. The typical home in University Park is worth $1.2 million, compared to the median home value of $161,700 statewide. In Dellwood, some 75.2% of adults have a bachelor's degree, more than twice both the state bachelor's degree attainment rate of 35.4% and the national rate of 31.5%. Median household income: $213,801 (state: $79,363), Poverty rate: 3.9% (state: 10.4%), Median home value: $644,900 (state: $327,900). Indeed, it has been cutting income taxes for several years in a row to the point that they barely exist. Phoenix Marketing International (opens in new tab), a firm that tracks the affluent market, annually ranks 933 urban areas, large and small, based on the percentage of millionaire households in each location. And just when Alaska could see an end to the downturn, COVID-19 hammered the energy sector. Upper Saddle River Borough in Bergen County - Median Income of $171,747. Published 6 January 23. real estate The typical home in Rock Springs is worth $217,400, slightly more than the $213,300 state median home value. Median household income: $97,143 (state: $57,598), Median home value: $225,400 (state: $242,400). 13 Best Vanguard Funds for the Next Bull Market. tech stocks Reply. Sponsored Content (opens in new tab) Previous Next 2/25 (Image credit: Getty Images) 24. The 150 richest cities in the world by GDP in 2020. West Virginia's median household income is one of the lowest among states, at just under $45,000. Median household income: $117,300 (state: $59,209), Poverty rate: 3.5% (state: 11.9%), Median home value: $373,200 (state: $173,600). Income distibution for all U.S. cities. Everything costs more in Juneau. : Hertz is selling thousands of used cars in its fleet in bankruptcy at bargain prices, Save better, spend better: Money tips and advice delivered right to your inbox. The wealthiest place in the state, New Albany has a median household income of $203,194, nearly four times the income the typical Ohio household earns annually. America is often known in the world as the . The boom times looked to be rolling again in North Dakota until COVID-19 gutted oil demand. The title of most expensive town in Florida goes to the South-West beachside paradise, Boca Grande. More than one in every five households in the area earn over $200,000 a year. High paying jobs typically require a college degree, and Destrehan residents are far more likely than the typical Louisiana resident to have a college education. Burlington, the largest city in the state, sits less than 10 miles west of Essex Junction. The typical home is worth $625,100, more than three times both the state median home value of $187,200 and the national value of $204,900. Back out things such as the value of real estate (the bulk of most folks' wealth is tied up in their homes), employer-sponsored retirement plans and business partnerships, and only 6.7% of American households qualify as millionaires. Another attractive aspect of the area is that the City of Lebanon operates Storrs Hill, a 20-acre ski area that hosts three ski trails, two ski jumps, a surface lift and ski lodge. The high incomes in the community are due in part to the presence of major companies. Rents jumped nationwide over the past year, but these big U.S. cities remain comparatively affordable for apartment dwellers. Glencoe - $308,625. The area's population grew by 34.5% from 2013 to 2018, compared to the U.S. population growth of 3.6%. One of the main reasons for this is likely a high level of education. The Sunshine State is well known for its absence of a state income tax, which helps make it one of Kiplinger's 10 most tax-friendly states (opens in new tab). A Division of NBC Universal, A home stands in Atherton, California, U.S., on Tuesday, Feb. 18, 2020. As is often the case in wealthy communities, real estate is not cheap in Darien. Rank Metropolitan statistical area Population Per capita income 1 Washington-Arlington-Alexandria, D.C-Virginia-Maryland MSA 5,949,178 $47,411 We only considered areas with populations between 1,000 and 25,000. The aforementioned Park City, which hosts Robert Redford's Sundance Film Festival, also boasts several world-class ski resorts. ; The 15 Richest Countries in the World 30.0. Places like Dickinson, located in the oil-rich Bakken Formation, were mining millionaires. Topsham is a Census-designated place of approximately 6,100 residents located about 25 miles north of Portland, Maine. By comparison, the median household income across Pennsylvania is $59,445. Combined, the median household income is just over $171,000. As for taxes, millionaires could do worse. More than three out of every four adults in the area have a bachelor's degree or higher, compared to 41.9% of adults in Massachusetts. By Dan Burrows The typical home in Papillion is worth $180,700, far more than the $151,100 median home value in neighboring Omaha and the $147,800 state median. Percentage of global population: 1.2%. In his current role at Kiplinger, Dan writes about equities, fixed income, currencies, commodities, funds, macroeconomics and more. View Slideshow. Tech billionaires, like former Google CEO Eric Schmidt, Facebook COO Sheryl Sandberg and late Microsoft co-founder Paul Allen, have called the richest town in America home where the average household income is more than $500,000 a year. The typical household in Rock Springs earns $75,441 a year, more than the $62,268 state median household income but less than the vast majority of places on this list. Once upon a time before his days as a financial reporter and assistant financial editor at legendary fashion trade paper Women's Wear Daily Dan worked for Spy magazine, scribbled away at Time Inc. and contributed to Maxim magazine back when lad mags were a thing. The wealthiest town in the state, Destrehan's median household income of $92,052 . Median homes prices top the U.S. median by more than $159,000. Large concentrations of high-net-worth households are found in surprising locales across the U.S. And the long, snowy winters are perfect for the numerous ski resorts in the vicinity of Truckee and Grass Valley. In Topsham, 44.9% of adults have a bachelor's degree, one of the larger shares of any small city or town in Maine and far more than the state bachelor's degree attainment rate of 30.9%. North Star, Delaware, located about 10 miles west of Wilmington and 35 miles southwest of Philadelphia, has a median household income of $141,533, more than double the statewide median of $65,627. It also can get a bit crowded. The Beehive State isn't as tax-friendly as it used to be (opens in new tab). Happily, for all of Elko's residents, Nevada is a no-income-tax haven, and one of Kiplinger's top 10 most tax-friendly states. It also has a trio of 18-hole golf courses. To ensure accuracy, we only considered places where the margin of error for population and median household income was less than 10%. Dalton Gardens is north of Coeur d'Alene, Idaho, and across the border from Spokane, Washington, giving its residents access to two major population centers where they can find employment. In most of these cities, people have it made, financially. Clarkson Valley is a small Missouri city of less than 3,000 people. Carson City, capital of the Silver State, is just 20 miles to the north of Gardnerville Ranchos, and high rollers can reach Reno's casinos in an hour. T-shirts, pillows, running shoes and even underwear are being sold, Hertz is selling thousands of used cars in its fleet in bankruptcy at bargain prices, Money tips and advice delivered right to your inbox. Mississippi: Sherwood-Audubon Area, Jackson. The typical area home is worth about $645,000, nearly double the value of the typical New Jersey home. The tiny town about 35 miles northwest of Santa Fe is home to a government nuclear weapons laboratory and a number of chemists, engineers and physicists. Demand for oil is gradually coming back, but it is by no means taking off. Oxnard-Thousand Oaks-Ventura, California. The small city has grown in tandem with SMU and the larger Dallas metro area, increasing from a population of 4,200 in 1930 to 24,954 today. Glencoe, IL. It's a good thing, too, considering the high price of homes in the area. Run, swim or take exercise classes at the YMCA Community Center. By the end of the last decade, fortunes were once again looking up, but that came to a halt with the coronavirus. The net impact of accounting for differences in the purchasing power of a dollar in . Inverness is a suburb located some 33 miles northwest of downtown Chicago in Cook County. Kiplinger is part of Future plc, an international media group and leading digital publisher. By Louis Navellier Most homes in Belvedere are worth more than $2 million. The typical household in Vermont earns about $60,000 a year, in line with the national median household income. West Virginia has the lowest bachelor's degree attainment rate of any state, at 20.3%. Feb 25, 2020, 3:05pm Updated on Feb 25, 2020. Loudoun County is located in the Commonwealth Virginia, with a population of 375,000 people. . Median household income: $108,299 (state: $55,679), Median home value: $349,500 (state: $166,800). Its content is produced independently of USA TODAY. While the median income in Essex Junction is about $15,000 more than the statewide median, it falls below the overall median in several other states, including neighboring Massachusetts and nearby Connecticut. This idyllic town has all the charms of Old Florida--a thriving fishing industry, mom-and-pop eateries, and, of course, beaches built for casual strolling. The typical household earns $176,528 a year, more than twice the $68,411 state median household income and nearly three times the $60,293 national figure. Property taxes are modest, but sales taxes lean high (opens in new tab). As we shall see, another area near Laconia makes this list of small towns with a high percentage of millionaires. Less than 2% of the town's 5,500 residents live below the poverty line, a fraction of the state poverty rate. However, also has some seriously luxurious mansions and impressively large . Happily for residents, Washington is among the most friendly states for taxes (opens in new tab). Corporate giants shouldn't be applauded for helping to solve crises their own policies have helped cause, writes Linsey McGoey. Some 22.6% of households earn $200,000 or more, more than five times the comparable 4.4% of households throughout Wisconsin. Less than 1% of people in Robins, Iowa, live below the poverty line, and more than 22% of households in the town earn more than $200,000 annually. As a result, Hanover buzzes with a diverse mix of art, culture and outdoor sporting and recreational activities year-round. He remains on the Walmart board of directors, and is also the CEO of his own company, Arvest Bank. Grant Suneson, Evan Comen and Samuel Stebbins. Median household income: $133,768 (state: $68,374), Poverty rate: 2.6% (state: 10.3%), Median home value: $536,100 (state: $256,700). Median household income: $176,528 (state: $68,411), Poverty rate: 0.3% (state: 10.1%), Median home value: $619,000 (state: $211,800). . You can sum up the appeal of Edwards in one word: skiing. Nearly 60% of Highland residents 25 and older hold at least a bachelor's degree, as compared to 33.3% of Utah adults. Oak Harbor itself plays host to nearby Naval Air Station Whidbey Island. Let's break out of Northern California and talk about an expensive Florida neighborhood - Port Royal, located in Naples. Top 5 fastest-growing U.S. cities for millionaires. 5). All Rights Reserved. Elko's fortunes rise and fall with the price of gold, so one would hope that its millionaire population is properly diversified. Many of those jobs in and around Fairway are high paying, as most households in the area earn over $100,000 a year, and more than one in five households earn $200,000 or more. The typical Montana City household earns $93,194 a year, the most of any small city or town in Montana and far more than the $52,559 state median household income. Heres how it works. Theres also a home for sale 6.8 times that size (15,300-square-foot) and more than 19 times that price, listed at $32 million. Click to skip ahead and jump to the 10 richest cities in the United States. Fully 8.7% of Heber's 9,567 households have at least $1 million in investable assets. 6. The town is centered by Hidden Valley Lake. . Median household income: $228,836 (state: $71,564), Poverty rate: 2.8% (state: 10.9%), Median home value: $1,133,100 (state: $264,900). In Brandon, most households earn over $84,000 a year, about $28,000 more than the typical South Dakota household. Settled by a diverse community of immigrant coal miners in the late 19th century, the population of Rock Springs has grown from 3,406 in 1890 to 23,633 today. Top employers in Elko County include the Elko County School District and West Wendover Casinos. Future US, Inc. Full 7th Floor, 130 West 42nd Street, Just 4% of Gateway households have an annual income of less than $10,000, while 12% of households have an annual income greater than $200,000. The median in Jenks is tens of thousands of dollars higher, at over $93,000. Originally developed as housing for the teachers and staff of Southern Methodist University in the early 1920s, University Park has since developed into one of the wealthiest communities in the country. It has a higher share of wealthy residents than any other small city or town in New York, with 56.9% of households earning at least $200,000 per year.