America’s wealthiest suburb where annual household income tops $600K — and it’s located in New York state
Big Apple commuter town. Seriously big bucks.
Scarsdale has been named America’s wealthiest suburb in a new study, with the mean household income exceeding an eye-popping $600,000 in 2023.
The tony Westchester town, with a population of 17,723 residents, topped the rich list, compiled by GOBankingRates.
The company analyzed suburbs with at least 5,000 households, using data from the US Census, 5-year American Community Survey and the Bureau of Labor Statistics to reach its findings.
Scarsdale, New York has been named as the wealthiest suburb in the United States. Getty Images/iStockphoto
Scarsdale came out on top by a considerable margin, with the mean household income determined to be $601,193 — more than $150,000 above its closest competitor.
Nearby Rye was named as the second wealthiest suburb in the US, with researchers revealing that the mean household income there was $421,259 in 2023.
West University Place, a suburb of Houston, Texas, rounded out the top three with a mean household income of $409,677.
Scarsdale and Rye were the only New York towns in the top 20.
The Westchester town of Rye is the second most expensive suburb in the US. Getty Images/iStockphoto
California boasted a whopping 10 of the top 20 wealthiest suburbs in the United States, with many of them clustered around Silicon Valley.
GOBankingRates also looked at the average property prices in the wealthiest suburbs, revealing that the swanky New York zip codes offer far better bang for your buck than those in the Golden State.
In Scarsdale, for instance, the average home price is $1.2 million. In Los Altos, California (named as the fourth wealthiest suburb with a mean household income of $403,512) the average home price is now a staggering $4.5 million.
In Los Altos, California (named as the fourth wealthiest suburb with a mean household income of $403,512) the average home price is now a staggering $4.5 million. Getty Images
Meanwhile, a handful of other towns in the tri-state area made the top 50 wealthiest suburbs.
Tenafly, Summit and Westfield were the New Jersey towns that made the list, while Greenwich, Connecticut came in at 34th place on the list.
There, the mean annual income for 2023 was determined to be $297,081.
