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The Richest Small Town in Every State

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When you think of richest locations in the U.S., places like San Francisco, New York and Beverly Hills might come to mind. But prosperity and affluence aren’t only thriving among the glitz and glamour of big cities. Instead, pockets of wealth can be found in the nation’s quieter communities and small towns. And for some, living in a small town can be the best financial decision ever.

In this study, GOBankingRates analyzed U.S. Census Bureau income data in locations in every state with 500 to 15,000 households to determine the wealthiest small towns in America.

Last updated: Nov. 18, 2019

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Alabama: Highland Lakes

Median Income: $149,307

Highland Lakes, with 1,813 total households, doesn’t fall within the top 10 highest or lowest richest small towns in America. Instead, it falls around the middle of the list.

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Alaska: Cordova

Median Income: $95,227

Cordova is in the bottom five of richest small towns due to its lower median income, which is still impressive at just over $95,000. The town, which has only 1,034 households, can only be reached by plane or ferry because of its out-of-the-way location.

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Arizona: Paradise Valley

Median Income: $175,673

Paradise Valley takes sixth-place for the small town with the most households, totaling 5,239. Plus, its non-family median household income is within the top 15 on the list at $95,642.

Wawan eko yulianto / Wikimedia Commons

Arkansas: Cave Springs

Median Income: $103,676

Cave Springs, which has 1,100 total households, doesn’t have one of the highest or lowest median incomes on list. It does, however, have a much higher median income than it did almost two decades ago when the town’s median income was only $37,500. The difference is the town’s proximity to Bentonville, Ark. — location of Walmart’s headquarters — which has drawn Walmart executives and wealthy employees to the area.

California: Atherton

Median Income: $250,000+

Atherton has the highest median income out of all the richest small towns in the U.S. — an honor it shares with four other cities on the list. The town also boasts the $250,000+ income for married-couple families who reside there.

Colorado: Cherry Hills Village

Median Income: $238,750

Although Cherry Hills Village didn’t quite make the top five for highest median income, it snagged a different top spot. According to a separate GOBankingRates study, this Denver-area community is the wealthiest town in the entire state of Colorado.

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Connecticut: Old Greenwich

Median Income: $236,250

Old Greenwich ranks in the top 10 for highest median income. The town, which has 2,190 households, also qualifies as one of the most expensive ZIP codes in the U.S., according to another GOBankingRates study.

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Delaware: North Star

Median Income: $141,618

North Star has a comparable median income to another town on this list: Maunawili, Hawaii. However, North Star’s non-family income is more than triple that of the little town in The Aloha State.

Florida: Pinecrest

Median Income: $152,643

Pinecrest, with 5,954 households, ranks in the top five for most households among the richest small towns. Although it’s median household income isn’t one of the highest overall, it’s almost average for the list.

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Georgia: Berkeley Lake

Median Income: $125,592

Berkeley Lake ranks in the top 10 for lowest number of households on the list at a total of 731. Plus, it’s median income is about $30,000 less than average for the list. Still, average income exceeding $125,000 is over twice the amount of the U.S. average median household income of $61,372.

Hawaii: Maunawili

Median Income: $143,750

Hawaii is one of the most expensive states to live in across the U.S. Not only is Maunawili one of the smallest towns ranked with only 667 households, it also has one of the lowest non-family median incomes of $39,500.

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Idaho: Hidden Springs

Median Income: $118,519

Nestled in the Boise foothills  is the small town of Hidden Springs, with just 852 households. Even though the average income is nothing to sneeze at, it’s below-average for the list. The town also has one of the lowest non-family median incomes when compared to the other places on the list.

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Illinois: Winnetka

Median Income: $216,875

With median income and number of households — 4,139 — both ranking in the top 10, you’d think Winnetka might be a winner in all categories. Not so when it comes to non-family median income, which totals just $36,821 — way below the average for the list.

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Indiana: Zionsville

Median Income: $127,152

Zionsville has the largest number of households on the list: 9,217 in all. Its median income, however, is way below the average compared to other places on the list.

Iowa: Robins

Median Income: $120,938

Robins is one of the smaller richest towns; it has only 1,209 households. Although the median income in Robins is below the average for the list, the town ranks as the wealthiest place in Iowa, according to a different GOBankingRates study.

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Kansas: Mission Hills

Median Income: $250,000+

Although Mission Hills doesn’t have but 25 more households than Robins, Iowa, its median income is one of the highest on the list for wealthiest small towns in the U.S. The same holds true across the board; the town has the highest median income for families, married-couple families and non-families alike.

More on incomes: Best Places in Every State to Live on a Fixed Income

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Kentucky: Anchorage

Median Income: $172,188

Anchorage’s median income is above the average. So is the town’s family and married-couple family median income. It’s the non-family median income that’s lower than average when compared to the other richest small towns.

Louisiana: Prien

Median Income: $94,444

Prien, home to 2,866 households, doesn’t have the lowest median income on the list, but it’s close. It also happens to have the one of the lowest non-family median incomes at $29,890.

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Maine: Cumberland Center

Median Income: $109,048

Cumberland Center might be one of the richest small towns, but its median household income doesn’t meet the definition of what Mainers call rich. According to a recent GOBankingRates study, you would need annual income of $10 million or more to be considered rich in this East Coast state.

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Maryland: Chevy Chase

Median Income: $250,000

Chevy Chase is tied with five other states for the highest median income for households, families and married-couple families. The town has only 1,019 households, however, which is on the smaller end of the list.

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Massachusetts: Wellesley

Median Income: $176,852

Wellesley has one the highest amounts of households out of the richest towns, totaling 8,658. Although this small town’s median household income isn’t the highest on the list, it’s noticeably above average. It also boasts above-average median income for families, married-couple families and non-families.

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Michigan: Bloomfield Hills

Median Income: $186,563

Not only does Bloomfield Hills feature higher-than-average household income for the list, but it also happens to be one of the richest school districts in the state of Michigan, according to separate GOBankingRates study. What’s on the low side is the number of households: 1,292.

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Minnesota: Minnetrista

Median Income: $148,783

Although Minnetrista has below-average household median income, it’s nowhere near the lowest on the list. The small town makes up for it in another area, however. It has above-average median income for non-families.

Mississippi: Madison

Median Income: $103,121

Madison boasts the second highest number of households on the list, but it’s far from the richest small town. In fact, it has the ninth-lowest median household income out of all the small towns.

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Missouri: Ladue

Median Income: $203,250

Even though the highest median household income on the list is over $250,000, Ladue, Mo., still makes it into the top 10. The town also features way-above-average median income for families and married-couple families and slightly more the median income for non-families.

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Montana: Montana City

Median Income: $96,089

The median income and number of households — 1,065 — in Montana City are way below average for the list. This Northwestern state also features below-average median income for families, married-couple families and non-families when compared to the other richest small towns on the list.

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Nebraska: Hickman

Median Income: $89,609

Hickman has the second-lowest median income and the fourth-lowest number of households among the richest small towns. Family, married-couple and non-family median income are also below average. Even so, the median income here beats the U.S. median income of $61,372.

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Nevada: East Valley

Median Income: $103,224

East Valley has the second-fewest number of households out of all the richest small towns — numbering only 575.  Although its median household income is very similar to that of Madison, Miss., East Valley’s non-family households have higher income.

New Hampshire: Hanover

Median Income: $97,422

Hanover with 1,863 households, has below-average median household income but above-average median income for families and married-couple families. It’s the non-family median income that’s lower-than-average, totaling only $43,750.

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New Jersey: Essex Fells

Median Income: $200,875

Although the median income in Essex Fells, N.J., isn’t in the top 10, it’s close. It also ranks high for median income for families and married-couple families. It has one of the lowest numbers of households, though — only 735.

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New Mexico: White Rock

Median Income: $121,518

Although images of affluence might not come to mind when you think of New Mexico, the state does have some pockets of wealth, which include White Rock. The town’s 2,215 households don’t rank as the highest or lowest on the list, and neither does its median income. When compared to the U.S. median income of $61,372, however, you can see why this richest small town made the list.

New York: Brookville

Median Income: $250,000

This suburb of New York has one of the lowest numbers of households on the list, totaling 782. But that doesn’t bar this small town from excelling in another area: Brookville is one of the five cities on the list that ties for highest median income.

North Carolina: Marvin

Median Income: $170,500

Marvin has an above-average median income as compared to other small towns on the list, and the higher numbers don’t stop there. The median income for families, married-couple families and non-families all exceed the average.

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North Dakota: Horace

Median Income: $110,870

The median income and number of households — 944 — in Horace is below average for the list, just like the median income of families and married-couple families. But when you compare it to the national median income of $61,372, it doesn’t sound so bad.

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Ohio: The Village of Indian Hill

Median Income: $215,679

The Village of Indian Hill features 2,043 households and functions as a quiet, yet affluent, residential community. The town snagged a top 10 spot for highest median income, and it also boasts well-above-average median income for families and married-couple families.

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Oklahoma: Nichols Hills

Median Income: $144,833

Although Nichols Hills, Okla., has a below-average median income and number of households for the list, it has median income of over $200,000 for both families and married-couple families.

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Oregon: Bethany

Median Income: $121,149

Bethany, Ore., has one of the highest numbers of households on the list totaling 8,048, but that doesn’t mean its a top contender for median income. Although the town’s median income is far from the lowest, it still ranks below average for the list.

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Pennsylvania: Woodside

Median Income: $169,306

Woodside has one of the lowest numbers of households on the list totaling 814. But, across the board, every other figure is above average, including the median income for families, married-couple families and non-families.

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Rhode Island: Kingston

Median Income: $93,051

Kingston features one of the lowest numbers of households on the list totaling 729. It also has the third-lowest median income on the list. But, then again, the town’s income is still about $32,000 above the national median income in the U.S.

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South Carolina: Tega Cay

Median Income: $121,623

Tega Cay has a higher-than-average number of households totaling 3,278. According to another GOBankingRates study, the population in Tega Cay has boomed 215 percent since 2000 and most of it’s employed residents work in finance, business or management.

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South Dakota: Dakota Dunes

Median Income: $98,787

Dakota Dunes features only 1,185 households and the eighth-lowest median income on the list. And the trend continues with below-average median income for families, married-couple families and non-families. But, when you compare the town’s median income to the U.S. median income, it’s still around $37,000 higher.

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Tennessee: Belle Meade

Median Income: $195,000

Although Belle Meade has a lower-than-average number of households — 994 — it has a higher-than-average median income. Plus, median income for families and married-couples with families is over $235,000.

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Texas: Hunters Creek Village

Median Income: $250,000

With only 1,602 households, Hunters Creek Village, Texas, isn’t the largest small town on the list. It does, however, tie for top median income with four other small towns: Brookville, N.Y.; Chevy Chase, Md.; Mission Hills, Kan.; and Atherton, Calif.

Utah: Silver Summit

Median Income: $133,281

Silver Summit has both below-average median income and number of households. Median income for families and married-couple families is also lower-than-average for the list. But median non-family income exceeds the average.

Vermont: Norwich

Median Income: $110,714

With only 324 households, Norwich, Vt., claims the smallest amount of households on this list. This could explain its below-average median income when ranked with some of the other cities on the list.

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Virginia: Great Falls

Median Income: $230,450

Great Falls has 5,035 households, but boasts the eighth-highest income on the list and features above-average median income for non-families.

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Washington: Clyde Hill

Median Income: $205,500

Although Clyde Hill, Wash. features 1,120 households, it boasts the 11th-highest median income on the list. Median income for families and married-couple families is way above average, as is non-family median income.

West Virginia: Cheat Lake

Median Income: $87,125

Cheat Lake qualifies as one of the richest small towns, but it also has the lowest median income on the list. The next lowest median income belongs to Hickman, Neb., which is around $2,500 higher but is home to about 2,700 less people.

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Wisconsin: Merton

Median Income: $151,818

Merton has a  below-average median income for the list, but not by much. It also has only a little less than 1,100 households, which is below average.

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Wyoming: Wilson

Median Income: $115,363

With only 701 households, Wilson, Wyo., is below average for the list. The town’s median income is also on the lower side, as well as its family income. When you compare the town’s median income to the U.S. national median income of $61,372, however, it’s clear why it made this list for richest small towns in every state.

Small towns are good for more than just living large. Click through to read about relocating to a smaller city or town to retire on a budget.

More From GOBankingRates

Sean Dennison contributed to this report.

Methodology: GOBankingRates determined the richest small town in every state by analyzing income data from the U.S. Census Bureau’s 2017 American Community Survey. “Small town” was defined having between 500 and 15,000 households.

Data is accurate as of June 26, 2019, and is subject to change.