The wealthiest citizens in America tend to live in or around the major metropolitan areas of the country. These areas typically have large populations that are college-educated and also tend to have a very healthy job market. What’s more, the industries in these areas tend to pay a higher wage to their employees, as well. While not always, the famously affluent communities typically tend to be located along both coasts, the West and East coasts. Across all of America, the average home price is $200,000. This is incredibly low compared to some of these affluent communities that will be discussed in this article! Keep that number in mind when reading about some of America’s most affluent communities and how much their real estate is going for!
1. Philadelphia Main Line
Looking at the 15 wealthiest areas in Philadelphia, five of the Main Line towns made the list. Looking at average income, the average income that is disposable, the average net worth of those in the area and the average value of the home, the Main Line took up 1/3 of that list.
In the Philadelphia Main Line, the average sales price for a home is $646,500, which is pretty affordable, relatively speaking. Living here provides many things to do such as going to the lake, playing golf, indie bookstores, markets and more!
2. Chevy Chase
Right outside of D.C. you will find Chevy Chase, MD. This city borders both Maryland and Washington, D.C. The median home price in this area is $1,175,000. It’s safe to say the average resident can afford to pay for a professional housekeeper, not to mention a professional groundskeeper, to look after their property. This area provides residents with a mix of living in a quiet and quaint suburb but also having the opportunities as well as the amenities of living in the city and in an urban area!
3. Beverly Hills
One of the more expensive locations that you can choose to live in in the United States is Beverly Hills, CA. The median value of residential real estate in Beverly Hills is $2,706,862. A suburb of Los Angeles, this is actually one of the best places to live in California and possibly in America. While the median home price is high, it comes with a lot of benefits.
An urban-suburban mix gives residents of Beverly Hills many options when it comes to coffee shops, restaurants, bars, and even parks! It has a great mix of younger professionals as well as those who are retired.
4. Highland Park
In Highland Park, Illinois, the median home price can be found at $475,241. Located in Lake County, this is one of the best locations to choose when finding a home in Illinois, as well as a town with a rich history to take into account. As a suburb of Chicago, residents of Highland Park are given a suburban feel with close access to many amenities. There are a lot of parks, restaurants and coffee shops throughout Highland Park.
5. San Francisco
With a median home price of $1,299,000, San Francisco, CA, is one of the most affluent communities in America. As home to some of the most iconic landmarks, such as the Golden Gate Bridge, San Francisco offers a lot to the members of the community! Some of the best dining you will ever experience will be here! The high real estate is due to the high demand for living here. Many people move to San Francisco looking for different employment opportunities, driving up the need for housing thus driving up the prices. This is a great place to move to as far as jobs go, though. The unemployment rate is low, at only 2.5 percent.