Other profitable sectors include information technology, medical technology, retail, financial and legal sectors. Fortune Global 500 companies in Tokyo include: Honda Motors, Hitachi, Sony, Mitsubishi and more. Meanwhile, Bezos ordered a superyacht so big that shipmaker Oceanco had to request that a historic bridge in Rotterdam be dismantled in order for the vessel to leave. The Private Industry Council works to promote the local economy via job training programs. Simply put, it is one of the best-known places in the United States and beyond. 1 city on the list is. Americans invest the majority of their non-financial assets in real estate. Zara founder Amancio Ortega, Spain's richest person, expanded his global portfolio of commercial real estate last year, acquiring at least 10 properties across North America and the UK for more . Although a runner-up to another California area, it boasts a whopping 10% higher rate of graduates with 42% of adults holding at least a bachelor's. In the past, manufacturing was seen as a booming sector in Shanghai, but lately its slowed and is being replaced by financial services, trade, information tech, real estate and commerce, among others. It secures ninth place with a median household income of $78,612, and 11.0% making 200,000 or more. League City, TX. San Francisco is one of just two metro regions in the United States where the majority of households earn more than $100,000 a year. In 2018, American households collectively held over $98 trillion in wealth. The average home in the Honolulu region is valued at $680,200, which is more than quadruple the average American houses value of $217,600. One excellent example would be Arlington National Cemetary, which was established on the estate of Robert E. Lees wife during the American Civil War. The median household income is pretty high. ", Henley & Partners: The World's Top Investment Migration Programs in 2023, The USA Wealth Report: America's Millionaires Are on the Move. Top 5 fastest-growing U.S. cities for millionaires Austin, Texas West Palm Beach, Florida Scottsdale, Arizona Miami, Florida Greenwich and Darien, Connecticut The No. A bachelors degree is held by more than half of the individuals in this town. Despite paying over threefold that of a typical American home, the locals live in paradise with high-paying jobs available. This large metropolitan area has a history of being the hub of Germanys heavy industry sector. Southlake, which is located in the Dallas/Fort Worth metropolitan area, had an estimated population of 31,292 people as of the year 2019, with 69.7 percent of individuals having earned at least a bachelors degree. According to the latest five-year estimates, a total of 68 counties had median household incomes that were above $100,000. In June, the holistic health institute she founded in Bentonville a year earlier was renamed the Alice L. Walton School of Medicine. Learn how your comment data is processed. However, a sharp economic disparity runs through this metropolitan region, making it one of the worst in the country. After all, its Philadelphias rich history that fuels the tourist trade that brings over 2 million visitors from both the U.S. and foreign countries every year. Read More The 20 Best Places to Live in IllinoisContinue, Florida has the longest coastline of any state in the contiguous United States. With a population of just over 30,500 people, the majority of whom are commuters, Los Altos is the fourth most educated city in the United States. Setup Type: Offline Installer / Full Standalone Setup. The close proximity of Southlake to the Dallas Fort Worth International Airport, which opened in the 1970s and fueled the areas explosive growth throughout the 1980s, 1990s, and 2000s, is a major contributor to the citys current high standard of living. It hosts the largest operations of some of the nation's biggest tech companies, with major employers like Amazon, Microsoft, Facebook, and Google. San Mateo is the richest city in Colorado and the tenth wealthiest in the United States. A little known fact is that L.A. is the manufacturing center of the country. Singapore (5th), Hong Kong (SAR China) (12th), Frankfurt (13th), Toronto (14th), Seoul (16th), and finally Paris, plummeting 3 places to 20th, make up the rest of the 2022 ranking. Most households in the metro region make more than $87,947 per year, and 13.7 per cent make more than $200,000 per year a higher percentage than all but six other metro regions in the US. The $113 trillion in assets held collectively by Americans in 2018 is more than five times the worth of all goods and services the country produces yearly. Stamford is also a primary business hub in the region. The top ten richest cities in the United States are: Atherton, CA ($450,696) Scarsdale, NY ($417,335) Cherry Hills Village, CO ($394,259) Los Altos Hills, CA ($386,174) The secretive siblings, whose grandfather created the Milky Way bar in 1923, together own an estimated two-thirds of Mars Inc. Jacqueline helped fund a sculpture of 140 migrants and refugees that was recently unveiled in a plaza at the Catholic University of America in Washington, D.C. Warren Buffet, Mackenzie Scott, Elon Musk, Illustration by Wesley Bedrosian for Forbes. Another industry that rains gobs of revenue on the City of London is the tourism industry with over 20 million visitors per year. He tends to be most remembered because he was killed while leading the unsuccessful American invasion of Quebec in 1775, though it is interesting to note that his remains were treated well because he was liked by both the Americans and the British. Construction, for example, employs 9.3 per cent of the workforce in the area and frequently has lower higher-education requirements. Some of the stores were also victims to the series of mass looting incidents that plauged major cities in 2021 and 2022. . Besides this, it is notable for being home to multiple Fortune 500 companies plus the headquarters of multiple intelligence agencies. 87.8 percent of individuals in the city have a bachelors degree or above. 6. Once considered a major shipping hub to the world, that distinction has been replaced by the service industries, such as financial services. The housing costs are through the roof, with a typical metro area home selling for $658,900. The average household in a metro region makes $86,652 a year, almost $17,000 more than the average American home. To the west, Stamford is a significant business centre with numerous Fortune 500 corporations, including telecommunications behemoth Charter Communications. Only 32.2% of adults boast a bachelor's or higher, enough for the state's most demanded service jobs; fishing and tourism. While wealthy and high-income Black people live all over America, the predominantly Black cities and towns with the highest median household income are all concentrated around Washington, DC and New York City. The city of 169,177 ranked in fifth place last year. Chances are good that interested individuals can guess that Williamson County can be found in the Nashville metropolitan area. Over a quarter of its workforce is in IT, or professional, scientific, and management industries, compared to the nationwide 13.5%. Ever since, San Francisco has remained a strong financial stronghold for the state of California. The area is home to Bridgeport, one of the nation's poorest cities that evens out the high-earning professionals who commute to New York City for work. In the cold, northern, massive state of Alaska, known for its high wages, Anchorage residents earn the most at $82,203 per household a year. SALT LAKE CITY - The ongoing work of controlling the spread and mitigating the impact of an invasive plant species, Phragmites australis, on the shoreline of Great Salt Lake and Utah Lake continued to see success in 2022.. General Electric, Massachusetts General Hospital, and federal contractor MITRE Corporation are among the major employers in and surrounding Boston. Morris County residents have high incomes, which tend to be connected to good health, good education, and other desirable metrics. On TV it looks so easy to buy a house, fix it and sell for a profit. Back in the 19th century, it was very focused on agriculture, which meant the cultivation of both hemp and tobacco plus the rearing of both horses and cattle. Fortune 500 companies include Comcast, Colonial Penn, Sunoco, Aramark, CIGNA, Lincoln Financial Group, and more. It is very much what one would expect from a suburb. Two Chinese cities, Beijing (9th) and Shanghai (10th), make it into the Top 10, and Switzerland and Australia each manage to secure two top city spots, with Sydney (11th), Zurich (15th), Melbourne (17th), and Geneva (19th) all making the cut. It is home to an impressive 48.5% of adults with a bachelors degree or higher and 19.5% of households that earn $200,000 or more. It is named for Richard Montgomery, an Irishman who served in the British Army and then in the Continental Army. In 2016, approximately 104,000 degrees were given by post-secondary schools in the metro region, including Harvard, MIT, and Northeastern. Each year, thousands of servicemen and women retire from the military. Atherton is close to San Francisco, Scarsdale is close to New York City, and Cherry Hills Village is close to Denver. Industries critical for L.A.s economic success include entertainment, international trade, gaming, tourism, fashion and more. The significant concentration of colleges and institutions contributes to the well-educated populace. Another unique location to the rest of the nation places seventh. Massachusetts and cities around the state capital earn a median household income of $82,380, for an $8,000 drop from the metro area above. Housing prices bite with a typical Oxnard-Thousand Oaks-Ventura area home valued at $561,400, for over double the value of the median $205,000 home across the nation. The Rhine-Ruhr metropolitan area is the economic power house of Germany. In April, he told investors he had plowed $51 billion of Berkshires cash into stocks, including billion-dollar bets on Chevron, Occidental Petroleum and HP. Marin County is right over the Golden Gate Bridge from the City and County of San Francisco. According to a study by Teleport, Osaka scores well when it comes to affordable housing, community safety, business, and healthcare. The average household in the Denver metro region earns $85,641 a year, which is higher than in all but 20 other cities in the United States. 10 Prisons That Rival The Accommodations of Most Hotels, Why You Should Consider Investing in Sandy Oregon Real Estate. With a low unemployment rate of 2.7%, it is no surprise that the San Jose metro area is first on this list. L.A. is also abuzz with development projects, such as refurbishing businesses like Manns Chinese Theater, as well as infrastructure projects. Finally, London hosts some of the most prominent Fortune Global 500 companies such as Lloyds Banking Group, Prudential, J Sainsbury, BP, Tesco and Vodafone Group, among others. Broomfield County is one of the newest counties in the United States because it became Colorados 64th county in 2001. Unlike so many other cities bending under the weight of a post-pandemic world, Houstons economy hs gotten stronger. Hes throwing good money after good: The Clippers, long among the worst franchises in the league, are now worth more than $3 billion. Historically speaking, people were interested in the region because its rich soils produced bountiful harvests. Once a top contender in manufacturing, today manufacturing revenue covers only around 10 percent of the economy. Like the other cities mentioned in our list of the richest cities of the world, the economy of Washington, D.C. is a diverse one. Only 2.7 per cent of local employees are unemployed, about a full percentage point lower than the national unemployment rate of 3.8 per cent, which is close to a historic low. San Mateo County is one of the counties that make up the San Francisco Bay Area. Largesse, shrewd tax planning or both? The high cost of living in the metro region more than offsets the areas high salaries. Another tough year for Meta, with daily Facebook users dropping amid competition from apps like TikTok. Fortunately, Calvert County has fared much better than its ill-fated namesakes, being one of the richest counties in the Washington-Baltimore metropolitan area and beyond. The wealthiest of Hawaiis two metro areas, Urban Honolulu also faces the highest cost of living out of all major metro areas in the US. However, its also a city steeped in industry. We've seen record growth this year, with more and more high-net-worth investors exploring investment migration solutions that offer location fluidity and optionality, enabling them to live and conduct their businesses across a wide range of different jurisdictions and cities. Although she spends most of her time writing, she also enjoys spending time with her husband and four children, watching films, cooking, dining out, reading, motorsports, gaming, and walking along the beach next to her house with her dog. The metro region has a well-educated workforce (almost 44% of persons in the metro region hold a bachelors degree or above) as well as a number of high-paying businesses. Alexandria also boasts the second-highest share of the workforce in the US in high-paying professional fields. Major financial powerhouses in London include Canary Wharf, HSBC and Barclays. Most of these areas have prominent tech and professional fields, and high-paying industries like finance, legal, and management. All kinds of workers earn high wages for a relatively even income distribution, with 9.4% earning $200,000 or more. Paris is also home to several Fortune Global 500 companies such as, BNP Paribas, Peugeot, CNP Assurances, SNCF, Vivendi and more. New Orleans is the biggest name (and some say the biggest, Read More The 20 Best Places to Live in LouisianaContinue, Virtual real estate isnt a new concept. It's a sharp reversal from last year, when the top 20 added an unprecedented $500 billion to their collective fortunes as asset prices soared, accounting for nearly 40% of the $1.3 trillion gained by the entire list. The analysis used to rank the top 10 richest cities in America in 2022 is based on the U.S. Census 2016-2020 American Community Survey. Last December, a Koch subsidiary reportedly sold a 340,000- acre Montana cattle ranch to media mogul Rupert Murdoch for roughly $200 million. They got the necessary amendment passed in 1998. Cities and towns with ties to Wall Street and the Silicon Valley, . In fact, 14 out of 20 are located in Prince George's County, MD, which had been considered the wealthiest Black county until 2020. The Bay Areas high earners still prosper while living in houses that quadruple the median nationwide home value. Education also has a bearing impact on income, with college graduates often earning more. Potomac, Maryland is located just across the Potomac River from this city, which has a population of 47,682 and is located on the outskirts of Washington, District of Columbia (another one of the richest cities in America). 1 spot is claimed by Loudoun County, Virginia. The 10 Richest Cities In The US For 2022 Cary, NC Centennial, CO Frisco, TX Sunnyvale, CA Fremont, CA Bellevue, WA Pearland, TX Olathe, KS Overland Park, KS League City, TX Is everyone in these places loaded? Seventy-eight percent of individuals who live in Westport have a bachelors or higher level of education. The high wages allow them to pay 16% higher than the nationwide average for goods and services. Principal industries which were the engine behind Moscows economy are textile, metallurgy, energy, and chemical. Fortune 500 companies include Discovery Communications, Fannie Mae, Walmart and CACI International among others. The Bloomberg LP cofounder and former mayor of New York committed $750 million to charter schools last December. New Zealand confirmed that Page gained residency in the country, while the press feasted on reports that Brin filed to divorce his second wife in January after rumors of a brief affair with Elon Musk. In contrast, Nassau County shares the last third with Kings and Queens. Keep reading to learn more about the top 20 richest towns in America. Long Island can be divided up into four counties. The Ten Richest Americans Forbes calculated net worths for the 2022 list of the World's Billionaires using stock prices and currency exchange rates from March 11, 2022. Here are the top 10 richest places in the U.S., according to Bloomberg: 1. Richest Counties in America March 2022 America's richest counties are mostly clustered around just three major cities: Washington, DC, San Francisco and New York, which also have the highest cost of living. These are of very low quality and should be avoided. Billionaires' Row, New York City, NY Billionaire's Row is the richest neighborhood in America and perhaps in the entire world too. ", Dr. Steffen agrees, saying "cities are centers of opportunity, innovation, prosperity, and culture. Unfortunately, San Francisco is also a reminder that numbers mean very little without their proper context. Washington, District of Columbia: $578.985 Billion, 4. Few have been spared from the pain of soaring inflation and sputtering markets this year, including the billionaires perched at the top of Forbes 41st annual list of the 400 richest Americans. Zhongguancun is considered the Silicon Valley of China and is deeply rooted in the electronics and high-tech industries such as Microsoft, Sony and Google. Oxnard is a metro region just north of Los Angeles with a population of around 850,000 people. 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