What Is the Richest City in New York?
The latest census data sheds new light on which cities in New York stand out for their incredible wealth. According to data from the Census Bureau’s 2021 American Community Survey 5-Year Estimates, a combination of four metrics – median household income, mean household income, median home value, and median property taxes paid – were scored and added up in order to help identify the wealthiest cities in NY. Brookville came out as the most affluent in the state with the highest median household income out of more than 1,400 cities analyzed, as well as phenomenal average household income exceeding $617,173. Meanwhile, Taxedo Park fell in second place just beneath Brookeville, with behemoth financial numbers such as its inflation-proof median home value which surpasses the $2 million margin and its respective median property taxes per home near that same mark.
Scarsdale being the largest of the top 10 richest cities in NY, these services and high returns reflect maximal shape, seeing a median household income that still soars over $250,000 and an average household income of an astounding $516,371. Real estate investments, insurance, and other finance industries seem limestone in a place like Scarsdale, with 22 percent of its workforce contributing to that sector. This is seen in multitude of other states as well, making Brookville deserve such high fiscal applause—no matter the city.
