Musk, Zuckerberg and Bezos Top Annual Forbes Billionaire List
Elon Musk is the richest person in the world with a wide margin on the latest Forbes billionaires list.
New rankings from census data show that New York, California and Texas have eight of the 10 richest suburbs in America.
According to an analysis released on July 16 by personal finance site Gobankingrates, the country’s wealthiest suburb is Scarsdale, located in New York’s lush Westchester County, with an average household income of $601,193. The suburbs of Westchester in Rye are second in number, with an average household income of $421,259.
The two suburbs are not similar, but the cities near the top of this ranking share some common features. Many are on or near water. Some are university towns. Wealthy suburbs tend to be quite far from the city centre, but close enough for a sane commute.
“You can stay in the bubble, but you can get out of the bubble and get what you need,” said Rudri Patel, senior financial expert at Gobankingrates.
The ranking is based on average household income for at least 5,000 suburban households, according to the 2023 American Community Survey.
If your favorite wealthy suburbs do not appear on your list, it may be the result of a statistical choice that shaped the results. This Gobankingrates ranking means household income that can be distorted by the ultra-rich people. Other rankings look at median income, which is often low.
Due to median income, the wealthiest US cities are Sammamish, Washington, and the outskirts of Seattle, according to US news analysis. The median household income for Sammamish is $238,750.
Some wealthy suburbs were too small for Gombanking rate rankings. For example, the Chicago suburbs of Kenilworth and the Chevrolet Chase suburbs of Washington, DC each have fewer than 5,000 households.
This is the 10 richest suburbs in America
There are mini profiles of the 10 richest suburban suburbs in America.
- Scarsdale, New York. The famous New York suburb in Westchester County has an average household income of $601,193 as of 2023. The average Scarsdale home is worth $1.2 million as of May 2025.
- Rye, New York. The second on our list is another Westchester suburb known for its waterfront. The average household income is $421,259. The average home value is $1.9 million, which is higher than Scarsdale.
- West University Place, Texas. The third on the list is the Unsung suburb of Houston, named after nearby Rice University. The average household income is $409,677. The average home value is $982,834. Compared to other cities on this list, they are aggressively modest.
- Los Altos, California. Los Altos, a suburb of San Jose, is well known as a part of Silicon Valley. Average household income is $403,512. The average home is worth a whopping $4.6 million.
- Alamo, California. This Oakland suburb is located in Contra Costa County, east of San Francisco. Average household income is $403,334. The home value averages $2.6 million.
- University Park, Texas. The term “university” seems to be very useful in suburbs of Texas. This Dallas suburb is named after Southern Methodist University. The average household income is $389,868, with an average home value of $2.5 million.
- South Lake, Texas. This Dallas/Fort Worth suburb is named after Lake Grapevine. Average household income is $382,520. The home value averages $1.3 million.
- Hinsdale, Illinois. Most people associate Chicago’s North Shore with suburban wealth, but the city’s wealthiest suburbs are now in the west. Hinsdale household income is $376,366. The home value averages $1.2 million.
- Orinda, California. Another Oakland suburb, Orinda is located in Contra Costa County, east of Berkeley. Household income averages $369,073 and home value averages $2 million.
- Wellesley, Massachusetts. Wellesley, the only Boston suburb in the top 10, has Wellesley and Babson College. Household income averages $368,179 and home value averages $2.1 million.
This is the richest suburbs of other big cities
Can’t you see your city or suburbs in the top 10? Here are other wealthy suburbs attached to the large metro.
- Los Angeles: Its richest suburbs are part of the Tony Palos Verdes Peninsula and the 11th place Palos Verdes Estate.th Domestic. Average household income is $367,178. The home value averages $2.8 million.
- Washington DC: The wealthiest DC suburbs are McLean, Virginia, home of diplomats and spies, and 12th place.th on the list. The average household income is $364,591, with home prices average of $1.7 million.
- Fort Lauderdale, Florida: Palm Beach, a part-time home for President Donald Trump, ranks as the wealthiest Lauderdale suburb in our rankings, although locals associate more with neighbouring West Palm Beach. Palm Beach is 13thth Nationally in suburban areas. Household income averages $356,467, while the average home value is an impressive $10.3 million.
- Miami: I haven’t heard much about Pinecrest, Miami’s wealthiest suburb in the south of town. Rank 21st on the national list. Household income averages $312,591 and home value averages $2.4 million.
- Seattle: The wealthiest suburb of Seattle is Mercer Island, the actual island east of the city. Rank 29th Nationwide. Household income averages $303,425 and home value averages $2.5 million.
- Birmingham, Alabama: Mountain Brook, outside of Birmingham, is ranked 30th.th Among the wealthiest US suburbs, the average household income is $302,510 and the average home value is $1 million. Courtney Cox grew up there.
- Orlando, Florida: Orlando’s wealthiest suburbs are Lake Butler, part of a lake-intensive area, not far from Walt Disney World. Its national ranking is 40. Household income averages $289,593, while the average home is worth a modest $283,493.
- Nashville, Tennessee: The wealthiest suburb of Nashville is 50-year-old Brentwood.th The wealthiest suburb in the country. The average household income is $261,248, with an average home value of $1.4 million.
