The Richest Communities In USA 2020 are presented below.
TOP 10 RICHEST COMMUNITIES IN USA 2020
1. Alabama: Shelby County
- County median household income: $74,063
- State median household income: $46,472
- Poverty rate: 8.3 percent
- Unemployment: 2.8 percent
- Major metro area: Birmingham-Hoover, AL
Alabama is ranked as one of the poorest states in the US. The median annual household income of the state is $46,472 which is more than $11,000 below the U.S. median. The state also has one of the highest poverty rates of all states in the country at 18 percent. The residents of Shelby County, located just south of Birmingham, however, tend to be much more affluent. Most households in the county earn over $74,000 a year, and only about 8.3 percent of residents live in poverty. The higher incomes of the county are likely bolstered by a strong job market. Also, the unemployment rate of the county which stands at 2.8% is well below the state’s 4.1% unemployment rate. The population of Shelby County is growing at a much faster rate than that of the state, and this is due like to its relative prosperity and the strong job market. In the past five years, the population of the county grew by 6.9 percent, which is more than 4 times the rate of the population of the entire state of Alabama.
2. Alaska: Juneau City and Borough
- County median household income: $90,749
- State median household income: $76,114
- Poverty rate: 7.4 percent
- Unemployment: 4.3 percent
- Major metro area: N/A
Alaska, and Louisiana are the only two states that do not designate geographic areas as counties. Instead, they define larger geographic areas as boroughs. Juneau, capital of the state comprises the entirety of one such Borough. As the state capital, a lot of Juneau residents work in government. The government sector is known to often offer its employees high salaries. 22.2% of Juneau workers are employed in public administration which is more than four times the national concentration in the sector. These government workers, as well as many others in Juneau, are most likely to be qualified for skilled professions. Adults in Juneau have a 40.3% college degree attainment rate which is well above Alaska’s 29.0% rate.
3. Arizona: Maricopa County
- County median household income: $58,580
- State median household income: $53,510
- Poverty rate: 15.7 percent
- Unemployment: 3.8 percent
- Major metro area: Phoenix-Mesa-Scottsdale, AZ
Maricopa is the currently the only county in Arizona that has a median household income higher than the U.S. median of $57,652 a year. Although the county is the wealthiest in the state, its median of $58,580 is only slightly higher than the national average. Maricopa is by far the largest county in Arizona with over 4 million residents. Indeed, the county is one of the largest in the entire country. The county spans a total of 9,223 square miles, covering 27 cities and towns. It includes Phoenix, as well as tribal land belonging to three different Native American tribes. Residents of the county are more likely to work in high-paying industries such as finance or information than those residing in any other Arizona County.
4. Arkansas: Benton County
- County median household income: $61,271
- State median household income: $43,813
- Poverty rate: 10.5 percent
- Unemployment: 2.6 percent
- Major metro area: Fayetteville-Springdale-Rogers, AR-MO
Residents of Benton County in Arkansas, are less likely to live in extreme poverty than residents of other parts of the. Only 4.0% of households in the county live on less than $10,000 per year which is much less than the 8.5% statewide. Benton County which shares a border with Missouri and Oklahoma, has a median household income that is more than $17,000 higher than that of Arkansas as a whole. It is worth mentioning that Arkansas has one of the lowest college attainment rates in the country. Just 22% of adults residing in the state have finished college and obtained at least a bachelor’s degree. Benton County adults, however, are much more likely to have finished college, as it has a 31.7% attainment rate. As Benton is one of the few places in Arkansas that have an educational attainment rate that is higher than the national rate, residents of the county tend to be better qualified for higher-paying jobs than residents of other parts of the state.
5. California: Santa Clara County
- County median household income: $106,761
- State median household income: $67,169
- Poverty rate: 8.6 percent
- Unemployment: 2.5 percent
- Major metro area: San Jose-Sunnyvale-Santa Clara, CA
Santa Clara is one of the wealthiest counties in the country, with a median annual household income of $106,761. Its median household income exceeds the state median by almost $40,000 and the national median by nearly $50,000. The county is home to San Jose as well as the surrounding Silicon Valley area, where many of the county’s residents work high paying tech jobs. 22.4% of Santa Clara County households earn more than $200,000 annually, which is more than triple the national share. The higher level of income allows residents of the county to obtain a better level of health care, and also make a healthier lifestyle and food decision. These most likely have contributed to better overall health among residents of Santa Clara County as the average life expectancy in the county is 82.7 years, which is more than 4 years longer than the national average.
6. Colorado: Douglas County
- County median household income: $111,154
- State median household income: $65,458
- Poverty rate: 3.6 percent
- Unemployment: 2.8 percent
- Major metro area: Denver-Aurora-Lakewood, CO
12% of the workforce of Douglas County work in either finance, insurance, or real estate, all of which are high paying jobs, paying better than the average job. Nationwide, only 6.6% of workers are employed in these fields. Although Colorado is one of the wealthier states, Douglas County is, however, performing better in several key economic measures. Median household income of the county is $111,154 a year, a figure higher than the state median by more than $45,000.
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7. Connecticut: Fairfield County
- County median household income: $89,773
- State median household income: $73,781
- Poverty rate: 8.8 percent
- Unemployment: 3.7 percent
- Major metro area: Bridgeport-Stamford-Norwalk, CT
Fairfield County is situated at Connecticut’s southern border with New York. The county is within commutable distance from the city of New York which explains why workers in the county are nearly twice as likely to secure employment in the relatively high-paying finance and insurance sector than the typical American. Households in Fairfield County earn far more than those in other parts of the state. Just like in other prosperous counties, the population of Fairfield is growing rapidly. It increased by 3.1% in the last 5 years.
8. Delaware: New Castle County
- County median household income: $68,336
- State median household income: $63,036
- Poverty rate: 11.9 percent
- Unemployment: 3.5 percent
- Major metro area: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
New Castle County is one of just three Counties in Delaware. It is also the only part of the state with a median household income of $68,336 a year which surpasses that of the entire state, by $5,300. New Castle county lies within commuting distance from both Baltimore and Philadelphia, and this provides its residents easy access to these two major cities as well as all the high paying jobs they offer.
9. Florida: St. Johns County
- County median household income: $73,640
- State median household income: $50,883
- Poverty rate: 9.1 percent
- Unemployment: 2.5 percent
- Major metro area: Jacksonville, FL
The poverty rate in St. Johns County is 9.1% and is one of the lowest of all 59 counties in Florida. The county’s relatively low unemployment rate of 2.5% is partly responsible for this low rate of poverty, compared to Florida’s 3.4% unemployment rate.
10. Georgia: Forsyth County
- County median household income: $96,445
- State median household income: $52,977
- Poverty rate: 6.5 percent
- Unemployment: 3.0 percent
- Major metro area: Atlanta-Sandy Springs-Roswell, GA
A few miles northeast of Atlanta lies Forsyth County. The county has a median annual household income of $96,445 which is more than $43,000 higher than the median income statewide. Over 50% of Forsyth County adults hold at least a bachelor’s degree which qualifies them for more high-level, high-paying jobs. Across the entire state, less than 30% of adults graduated from college. The population of Forsyth County is also one of the fastest growing in the country. Its population grew by 19.3% from 2012 to 2017.
Conclusion
These are the Richest Communities In the USA for 2020. The average income for households in these counties is mostly higher than the national average while some of them also have much lower poverty rates than the national rate. That’s all on Richest Cities In USA.