10 Metros That Attract the Wealthy

Traditional Townhouses of Carlyle City Residences
Traditional Townhouses of Carlyle City Residences
According to new U.S. Census Bureau data as interpreted by CNNMoney, the suburbs have the highest concentration of wealthy people, more so than cities. The wealthy tend to stay near major population centers, according to the study. For example, the region with the highest concentration of wealthy households in the nation is Bridgeport-Stamford-Norwalk, Conn., which is just north of New York City. Nearly 18 percent of residents there make more than $191,469 per year. In the nation, only 5 percent make that income. The following are the 10 metros with the highest concentration of high-income households, as well as the percentage in each area where households are among the top 5 percent of U.S. incomes. (The study did not take into account the cost of living in these areas.)
  1. Bridgeport-Stamford-Norwalk, Conn.: 17.9%
  2. San Jose-Sunnyvalle-Santa Clara, Calif.: 15.9%
  3. Washington-Arlington-Alexandria, D.C.-Va.-Md.-W.Va.: 14.1%
  4. San Francisco-Oakland-Fremont, Calif.: 13%
  5. Trenton-Ewing, N.J.: 11.6%
  6. New York-Northern New Jersey-Long Island, N.Y.-N.J.-Pa.: 10%
  7. Oxnard-Thousand Oaks-Ventura, Calif.: 9.7%
  8. Boston-Cambridge-Quincy, Mass.-N.H.: 9.7%
  9. Boulder, Colo.: 9.4%
  10. Napa, Calif.: 9.3%
Source: “Where the Rich People Live,” CNNMoney (Feb. 12, 2013)
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Will Nesbitt

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Will is the principal broker of Nesbitt Realty and Condo Alexandria. He is licensed in anywhere in the Commonwealth of Virginia, but focuses on those communities found in and around Alexandria, Arlington, Mount Vernon and Springfield/Franconia. Will has been involved in real estate management, sales and investment for more than twenty years. He is a veteran of the U.S. Army. While in the army, he studied Russian at Monterey's Defense Language Institute. He is also a "veteran of the dotcom wars" and built most of the sites associated with NesbittRealty.com Will currently resides in Belle Haven Estates just outside Old Town, overlooking New Alexandria. He is a former president of the Mount Vernon Youth Athletic Association and founded the Alexandria Fun with Friends Group. Will is the author of BattlestorM, a tabletop fantasy game, which was published by Ral Partha Publishing in the late '90's, and Arthur's Realm, a boardgame available at the Gamecrafter.