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These Are America’s Wealthiest Suburbs

October 13, 2024

6 min Read

Written by Heather Taylor

Edited by Molly Sullivan

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Move over New York City, Los Angeles and Miami. Wealthy Americans are swapping notoriously rich city locales in favor of making moves to quiet, secluded suburbs like Scarsdale, Calabasas and Palm Beach.

Which suburbs are home to some of the wealthiest Americans? To find out, GOBankingRates looked at all cities with 5,000 or more households and isolated the 50 cities with the highest average household income. The 2024 typical home value and metro area location were then sourced to determine the wealthiest suburbs.

Key Findings

The wealthiest U.S. suburb is Scarsdale, New York where the average household income is $568,942. The typical home value in Scarsdale is $1.4M+.
California dominated rankings with 16 suburbs in the top 50. The top five most expensive California suburbs are Los Altos ($400k), Orinda ($370), Palos Verdes Estates ($342k), Saratoga ($329k) and Menlo Park ($316k).
Which coast has the wealthiest suburbs? The East Coast took the lead with 23 wealthy suburbs, including five in New York and five in New Jersey, making the top 50 ranking. In second place is the West Coast with 19 suburbs.

In order of suburbs with the highest to lowest average household income, keep reading to see which suburbs are among the wealthiest in the United States.

1. Scarsdale, New York

Suburb of: New York-Newark-Jersey City, NY-NJ
Average household income: $568,942
Typical home value: $1,413,514

2. Rye, New York

Suburb of: New York-Newark-Jersey City, NY-NJ
Average household income: $405,074
Typical home value: $2,119,482

3. West University Place, Texas

Suburb of: Houston-Sugar Land-Baytown, TX
Average household income: $403,845
Typical home value: $1,605,049

4. Los Altos, California

Suburb of: San Jose-Sunnyvale-Santa Clara, CA
Average household income: $400,817
Typical home value: $4,451,059

5. Paradise Valley, Arizona

Suburb of: Phoenix-Mesa-Glendale, AZ
Average household income: $385,643
Typical home value: $3,449,905

6. University Park, Texas

Suburb of: Dallas-Fort Worth-Arlington, TX
Average household income: $381,235
Typical home value: $2,305,281

7. Hinsdale, Illinois

Suburb of: Chicago-Joliet-Naperville, IL
Average household income: $380,479
Typical home value: $1,088,871

8. Great Falls, Virginia

Suburb of: Washington-Arlington-Alexandria, DC-VA-MD
Average household income: $373,735
Typical home value: $1,564,775

9. Orinda, California

Suburb of: San Francisco-Oakland-Fremont, CA
Average household income: $370,203
Typical home value: $2,078,615

10. Wellesley, Massachusetts

Suburb of: Boston-Cambridge-Quincy, MA
Average household income: $367,801
Typical home value: $1,979,339

11. Palm Beach, Florida

Suburb of: Miami-Fort Lauderdale-Pompano Beach, FL
Average household income: $365,991
Typical home value: $11,571,608

12. McLean, Virginia

Suburb of: Washington-Arlington-Alexandria, DC-VA-MD
Average household income: $364,093
Typical home value: $1,541,929

13. Southlake, Texas

Suburb of: Dallas-Fort Worth-Arlington, TX
Average household income: $360,078
Typical home value: $1,240,766

14. Palos Verdes Estates, California

Suburb of: Los Angeles-Long Beach-Anaheim, CA
Average household income: $342,463
Typical home value: $2,890,788

15. Saratoga, California

Suburb of: San Jose-Sunnyvale-Santa Clara, CA
Average household income: $329,142
Typical home value: $3,981,261

16. Menlo Park, California

Suburb of: San Francisco-Oakland-Fremont, CA
Average household income: $316,584
Typical home value: $2,810,388

17. Lafayette, California

Suburb of: San Francisco-Oakland-Fremont, CA
Average household income: $312,233
Typical home value: $2,001,408

18. La Cañada Flintridge, California

Suburb of: Los Angeles-Long Beach-Anaheim, CA
Average household income: $310,947
Typical home value: $2,481,526

19. Los Gatos, California

Suburb of: San Jose-Sunnyvale-Santa Clara, CA
Average household income: $305,653
Typical home value: $2,740,764

20. Pinecrest, Florida

Suburb of: Miami-Fort Lauderdale-Pompano Beach, FL
Average household income: $304,416
Typical home value: $2,243,489

21. Mill Valley, California

Suburb of: San Francisco-Oakland-Fremont, CA
Average household income: $303,623
Typical home value: $2,152,207

22. Wolf Trap, Virginia

Suburb of: Washington-Arlington-Alexandria, DC-VA-MD
Average household income: $301,790
Typical home value: $1,204,121

23. Palo Alto, California

Suburb of: San Jose-Sunnyvale-Santa Clara, CA
Average household income: $301,226
Typical home value: $3,654,765

24. San Carlos, California

Suburb of: San Francisco-Oakland-Fremont, CA
Average household income: $298,397
Typical home value: $2,441,915

25. Bellaire, Texas

Suburb of: Houston-Sugar Land-Baytown, TX
Average household income: $294,605
Typical home value: $1,078,719

26. Summit, New Jersey

Suburb of: New York-Newark-Jersey City, NY-NJ
Average household income: $291,509
Typical home value: $1,244,244

27. Tenafly, New Jersey

Suburb of: New York-Newark-Jersey City, NY-NJ
Average household income: $291,096
Typical home value: $1,168,510

28. Mercer Island, Washington

Suburb of: Seattle-Tacoma-Bellevue, WA
Average household income: $290,655
Typical home value: $2,374,579

29. Potomac, Maryland

Suburb of: Washington-Arlington-Alexandria, DC-VA-MD
Average household income: $287,918
Typical home value: $1,328,491

30. Lake Forest, Illinois

Suburb of: Chicago-Joliet-Naperville, IL
Average household income: $284,784
Typical home value: $1,097,029

31. Winchester, Massachusetts

Suburb of: Boston-Cambridge-Quincy, MA
Average household income: $283,632
Typical home value: $1,639,942

32. Cupertino, California

Suburb of: San Jose-Sunnyvale-Santa Clara, CA
Average household income: $283,063
Typical home value: $3,145,958

33. Westfield, New Jersey

Suburb of: New York-Newark-Jersey City, NY-NJ
Average household income: $281,738
Typical home value: $1,138,497

34. Bethesda, Maryland

Suburb of: Washington-Arlington-Alexandria, DC-VA-MD
Average household income: $281,586
Typical home value: $1,286,315

35. Lexington, Massachusetts

Suburb of: Boston-Cambridge-Quincy, MA
Average household income: $281,187
Typical home value: $1,641,388

36. Manhattan Beach, California

Suburb of: Los Angeles-Long Beach-Anaheim, CA
Average household income: $280,470
Typical home value: $3,161,132

37. Garden City, New York

Suburb of: New York-Newark-Jersey City, NY-NJ
Average household income: $279,539
Typical home value: $1,196,407

38. Ridgewood, New Jersey

Suburb of: New York-Newark-Jersey City, NY-NJ
Average household income: $277,428
Typical home value: $1,055,405

39. Greenwich, Connecticut

Suburb of: New York-Newark-Jersey City, NY-NJ
Average household income: $276,350
Typical home value: $2,345,511

40. Wilmette, Illinois

Suburb of: Chicago-Joliet-Naperville, IL
Average household income: $273,718
Typical home value: $896,128

41. Princeton, New Jersey

Suburb of: New York-Newark-Jersey City, NY-NJ
Average household income: $269,420
Typical home value: $967,165

42. Needham, Massachusetts

Suburb of: Boston-Cambridge-Quincy, MA
Average household income: $267,951
Typical home value: $1,541,698

43. Mountain Brook, Alabama

Suburb of: Birmingham-Hoover, AL
Average household income: $267,337
Typical home value: $832,745

44. Vienna, Virginia

Suburb of: Washington-Arlington-Alexandria, DC-VA-MD
Average household income: $265,744
Typical home value: $1,112,463

45. Danville, California

Suburb of: San Francisco-Oakland-Fremont, CA
Average household income: $264,134
Typical home value: $2,014,964

46. Dix Hills, New York

Suburb of: New York-Newark-Jersey City, NY-NJ
Average household income: $262,723
Typical home value: $998,484

47. Sammamish, Washington

Suburb of: Seattle-Tacoma-Bellevue, WA
Average household income: $261,753
Typical home value: $1,657,550

48. Moraga, California

Suburb of: San Francisco-Oakland-Fremont, CA
Average household income: $259,468
Typical home value: $1,897,230

49. Calabasas, California

Suburb of: Los Angeles-Long Beach-Anaheim, CA
Average household income: $257,894
Typical home value: $1,922,163

50. Harrison, New York

Suburb of: New York-Newark-Jersey City, NY-NJ
Average household income: $257,202
Typical home value: $1,312,689

Methodology: For this piece, GOBankingRates looked at all cities with 5,000 households or more. GOBankingRates then isolated the 50 cities with the highest average household income as sourced from the 2022 American Community Survey. GOBankingRates was then able to find which metro area they were a suburb of as well as the 2024 typical home value for the city as sourced from Zillow. All data was collected and is up to date as of June 18, 2024.

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