Tech billionaires, like former Google CEO Eric Schmidt, Facebook COO Sheryl Sandberg and late Microsoft co-founder Paul Allen, have called the richest town in America home – where the average household income is more than $500,000 a year.
For the fourth year in a row, the suburb of Atherton, California topped Bloomberg’s annual Richest Places Index.
“Being only 20 minutes away from Silicon Valley and 45 minutes to downtown San Francisco, [Atherton] is where many billionaires and C-Suite executives choose to reside,” Rachel Swann, real-estate brokerage The Agency San Francisco managing partner, told CNBC Make It.
A mansion-style home in Atherton, California, the most expensive ZIP code in the stateGetty Images
“The homes in Atherton are spectacular,” Swann told CNBC Make It. “Sprawling residences set amidst landscaped gardens and a beautiful backdrop.”
Following Atherton is Scarsdale, New York, which is less than 25 miles away from Manhattan; Hillsborough, California, about 20 miles south of San Francisco; Cherry Hills Village, Colorado, a Denver suburb; and Los Altos Hills, California, near Silicon Valley. Each has an average household income of over $400,000.
For each location in the U.S., Bloomberg evaluated inflation-adjusted household income data from the past 12 months, with a minimum of 2,000 households, and ranked each by average household income.
Here are the top 10 richest places in the U.S., according to Bloomberg:
1. Atherton, California
Average household income: $525,324
2. Scarsdale, New York
Average household income: $452,041
3. Hillsborough, California
Average household income: $430,681
4. Cherry Hills Village, Colorado
Average household income: $406,314
5. Los Altos Hills, California
Average household income: $405,073
6. Short Hills, New Jersey
Average household income: $388,760
7. Highland Park, Texas
Average household income: $365,025
8. Glencoe, Illinois
Average household income: $358,543
9. Winnetka, Illinois
Average household income: $353,700
10. Darien, Connecticut
Average household income: $352,839
Source: CNBC
