(Roadway: The 14 Wealthiest Neighborhoods in America)
Introducing the 14 wealthiest neighborhoods in America:
NoHo, New York City: With rapid gentrification in the 21st century, the average loft apartment price is around $3.25 million. High demand and limited supply due to the central location, combined with a quiet and chic atmosphere, make it a favorite among celebrities. The average household income is $195,000, with 98% of residents working in white-collar professions and 82.3% employed in private companies or self-employed.
Old Palo Alto, Palo Alto, California: A traditional and exclusive community where multiple generations of the same families reside. It's a closed market with almost no available properties, and the median home price is $3.72 million. These luxurious residences have an average lot size of 9,000 square feet. Beautiful architecture, tree-lined peaceful streets, and nearby shopping areas add to the appeal.
TriBeCa, New York City: With an average loft apartment price of $3.9 million, it's one of the wealthiest ZIP codes in America. It boasts a prime New York City location adjacent to the Hudson River and parks, with abundant greenery. The average household income is $879,000, and celebrities and wealthy individuals often purchase penthouses as secondary residences. The most expensive penthouse sold for $28.5 million.
The Golden Triangle, Greenwich, Connecticut: Bounded by North Street to the north, Round Hill Road to the west, and Merritt Parkway to the south. With an average household income of $614,250, it's comparable to Manhattan's wealthiest areas. Hedge fund managers and finance professionals working in Greenwich, as well as affluent individuals owning entire beachfront peninsulas, reside here.
Loyola, Los Altos, California: With a cost of living 99.3% higher than the surrounding area, it's home to the top 0.3% wealthiest Americans. The average household income is $326,000, and the median real estate price nears $4 million. 91% of residents hold bachelor's degrees, and a strict vetting process for new residents is in place. Homes built between the 1940s and 1980s lend an old-fashioned charm, while luxury imported cars line the streets and a country club is present.
Billionaires' Row, New York City: Located along 57th Street south of Central Park, this so-called "street of billionaires" boasts penthouses near Central Park priced between $50 million and $238 million. Investor Ken Griffin set the US record for the most expensive home purchase at $238 million, while Dell Technologies CEO Michael Dell bought a penthouse for $101 million. It epitomizes the ultimate luxury living in central New York City.
Brewer Tract, Hillsborough, California: Enclosed by El Cerrito Avenue and Crystal Springs Road, this area is closest to downtown San Mateo. The median home price is $6.75 million. From 1950s-1960s ranch-style homes, 34% have now transformed into luxury mansions with four or more bedrooms. The average household income is $240,000, and 89% of residents own their homes long-term. Most are young couples without children.
Kalorama Heights, Washington, D.C.: Comprising the Kalorama Triangle and Sheridan-Kalorama Historic Districts, this is Washington D.C.'s most affluent neighborhood. It garnered attention during the 2016 presidential election. Embassies of 28 countries, including France and the Netherlands, are located here, along with former residences of Presidents Woodrow Wilson, William Howard Taft, Herbert Hoover, and Warren G. Harding. Former President Barack Obama and Amazon founder Jeff Bezos currently reside here. With a Greek name meaning "good view," this area boasts lush greenery, monumental architecture, and picturesque streets.
Port Royal, Naples, Florida: Considered Florida's wealthiest neighborhood, Port Royal was originally a swamp until 1938 when John Glenn Sample embarked on developing "the world's most desirable community." Today, it's a haven for the affluent, with beautiful homes lining winding waterfront roads, private beaches connected to the bay via canals, and a 24/7 surveillance system monitoring the entire 497-home gated community. It also features community facilities like the Port Royal Club and is home to celebrities like Larry Bird and Judge Judy Sheindlin.
SoHo, New York City: One of New York's wealthiest neighborhoods, where living comfortably in SoHo requires an annual income of $130,000 and a $2.2 million apartment. It's a fashion mecca in the heart of the city, with glamorous boutiques, high-end restaurants, parks, unique Belgian block-paved streets, and loft apartments converted from former factories. Numerous celebrities like Alicia Keys, Bono, and Daniel Craig reside here.
Beverly Hills, Los Angeles, California: Originally an area for oil development investments, Beverly Hills evolved into an urban center near Hollywood in northwest LA. It's famous for the Rodeo Drive shopping district, upscale restaurants, and luxury hotel resorts. Hilton Hotels and the MGM studio headquarters are also located here. The average household income is $192,600.
Burr Ridge, western Chicago suburbs, Illinois: Considered one of the quietest and wealthiest suburbs in America, Burr Ridge is a typical suburban residential area predominantly comprising single-family homes. Nature and parks blend seamlessly, attracting many families. The median home price is around $775,000, with architectural styles including English Tudor and French Country.
Tuxedo Park, Atlanta, Georgia: Located in the Buckhead area of northern Atlanta, this neighborhood is known for its opulent architecture, including the former Coca-Cola chairman's mansion. It features a variety of luxury home styles, including Georgian, Tudor, and Greek Revival, and is designated a national historic site. Regarded as Georgia's wealthiest neighborhood, the median home price is $2 million, with an average household income of $200,000.
Point Dume, Malibu, California: A beachfront luxury community in Malibu, with home prices well exceeding $3.15 million. It's a playground for Hollywood's elite and a popular filming location, as well as a mecca for water sports like surfing, rock climbing, and scuba diving. Visitors can admire the stunning Pacific Ocean vistas and ultra-luxurious mansions straight out of the movies.
These wealthiest neighborhoods in America share common traits such as astronomical home prices and income levels, serene and lavish living environments, and a reputation as havens for the elite and celebrities. Many serve as vacation homes or secondary residences. Most boast breathtaking natural scenery, upscale lifestyles, and rich histories and traditions, with a concentration in New York and California. They symbolize American wealth, power, and culture while maintaining an unparalleled status in the real estate market.
14 Richest Neighborhoods in America