The most affluent areas in the USA have an annual household income of more than $500,000 for the first time ever, it has been revealed.
One Valley town is again among the richest places to live in the U.S., according to an annual Bloomberg report on where the country’s top-earning residents live.
The town of Paradise Valley, probably the region’s biggest collection of wealthy residents in a single municipality, earned the nod, landing at No. 14 on the Bloomberg list. The town has moved up six spots from last year’s ranking at No. 20.
The list is ranked by annual household income, which Paradise Valley pulled in at $328,353, according to Bloomberg. The list defined places as those with at least 2,000 households and compared 6,280 cities and towns.
California had 23 of the top 50 cities on the list, New Jersey had 16 and New York had 12 within the most affluent areas USA.
Two cities wedged between Silicon Valley and San Francisco took spots one and three, while a town outside New York was ranked second.
It’s no surprise Paradise Valley cracked the top 20 for richest places in the U.S. It has regularly held the top spot in the Valley’s wealthiest ZIP codes list for years and regularly features some of the highest-priced homes in the region.