Which state in the US has the most billionaires?
There are 813 billionaires in the United States, with a significant portion of them concentrated in a few major states. The top five states with the most billionaires are:
Unbranded – Lifestyle
Eight of America’s 10 wealthiest suburbs are located in three states: California, New York, and Texas.
A new ranking of America’s wealthiest suburbs, measured by household income, finds that much of America’s wealth is concentrated in a few metropolitan areas, including New York City, Houston, Dallas and San Francisco.
The nation’s wealthiest suburb is Scarsdale in New York’s leafy Westchester County, with a median household income of $612,591 in 2024, according to an analysis published June 1 by personal finance site MoneyLion. West University Place, a suburb of Houston, came in second with an average income of $439,594.
Rye, a suburb of Westchester, slipped to third place in the annual rankings with an income of $428,806. In the 2025 rankings, Rai took second place.
MoneyLion ranked the nation’s 50 wealthiest suburbs based on household income as measured by the 2024 American Community Survey. This ranking focuses on cities with 5,000 or more households that fall within the suburbs of large cities.
Although no two suburbs are the same, the cities included in this ranking have a few things in common. Many are on or near the water. Some are college towns. Wealthy suburbs tend to be far enough from the city center, but still close enough to make a decent commute.
“You’re looking at a better school. You’re looking at a limited supply of housing,” said Rudri Patel, a certified financial expert at MoneyLion.
Housing prices tend to be higher in suburbs where there are many high-income residents. In Los Altos, California, the fourth wealthiest suburb in the United States, the average home price is $4.8 million.
Patel points out another potential downside to wealthy suburbs. That means it could attract white-collar crime.
“When you look at wealth, you also look at the risk of identity theft and wire fraud and the potential for fraud,” she says.
If your favorite affluent suburb is not listed, it may be the result of the statistical choices that shaped the results. This MoneyLion ranking takes into account average household income, which can be skewed by the ultra-wealthy. Other rankings focus on median income, which is often lower.
According to a 2025 U.S. News analysis, the wealthiest city in the United States based on median income is Sammamish, Washington, a suburb of Seattle. The median household income in Sammamish is $238,750.
Some wealthy suburbs were too small for MoneyLion’s rankings. For example, the Chicago suburb of Kenilworth and the Washington, D.C., suburb of Chevy Chase each have fewer than 5,000 households.
The 10 wealthiest suburbs in America are:
Here are mini-profiles of America’s 10 wealthiest suburbs.
-
Scarsdale, New York. The median household income in this Westchester County, New York suburb is $612,591 in 2024. The average home value in Scarsdale is $1.7 million as of April 2026.
- West University Place, Texas. This little-known suburb of Houston is named after nearby Rice University. Median household income is $439,594. The average home value is $1.7 million.
- Rye, New York. Another Westchester suburb, Rye, is known for its waterfront. Median household income is $428,806. The average home price is $2.4 million.
- Los Altos, California. Los Altos, a suburb of San Jose, is best known as part of Silicon Valley. The average household income is $417,182. The average home is worth a whopping $4.8 million.
- Paradise Valley, Arizona. This Phoenix suburb is known for its golf resorts and spas. The median household income is $408,500, and the average home price is $3.7 million. Fun fact: Paradise Valley didn’t appear anywhere in the 2025 wealthy suburb rankings because it’s too small. The number of households will not reach 5,000 until 2024.
- University Park, Texas. The word “university” seems to go a long way when you’re in the suburbs of Texas. This Dallas suburb is named after Southern Methodist University. The median household income is $407,253, and the average home price is $2.6 million.
- Alamo, California. Located on the outskirts of San Francisco and Oakland, this region is located in Contra Costa County. Average household income is $401,221. Home prices average $2.6 million.
- Southlake, Texas. This Dallas/Fort Worth suburb is named after Grapevine Lake. Average household income is $384,530. Home prices average $1.3 million.
- McLean, Virginia. The wealthiest suburb in the District of Columbia is McLean, home to diplomats and spies. The median household income is $379,689, and the average home price is $1.8 million.
- Orinda, California. Another San Francisco suburb, Orinda is located in Contra Costa County, east of Berkeley. The average household income is $376,741, and the average home price is $2 million.
This is the wealthiest suburb of another large city.
Don’t see your city or suburb in the top 10? Here are some big cities and their wealthiest suburbs.
- Chicago: The Windy City’s wealthiest suburb is Hinsdale, Illinois, which ranks 11th in the nation. Most people associate Chicago’s North Shore with suburban wealth, but Chicago’s wealthiest suburbs are to the west. The median household income in Hinsdale is $367,874. Home prices average $1.3 million.
- Boston: Wellesley, Massachusetts, ranked 12th in the nation, is home to Wellesley College and Babson College. The average household income is $367,512, and the average home price is $2.1 million.
-
Miami – Fort Lauderdale: Palm Beach, President Donald Trump’s permanent home, ranks 13th among suburbs nationwide. The average household income is $357,254, and the average home price is an eye-watering $10.3 million.
- Los Angeles: LA’s wealthiest suburb is La Cañada Flintridge, on the edge of the San Gabriel Valley, ranked 20th in the nation. Average household income is $329,425. Home prices average $2.5 million.
- Seattle: The wealthiest suburb of Seattle is Mercer Island, an actual island east of the city. It is ranked 23rd nationally. The average household income is $318,528, and the average home price is $2.5 million.
- Birmingham, Alabama: Mountain Brook ranks 24th among the wealthiest suburbs in the United States, with a median household income of $318,286 and a median home price of $1.1 million.
