In America’s Richest Town, $500k a Year Is Now Below Average

Discussion in 'Wall St. News' started by dealmaker, Feb 24, 2020.

  1. dealmaker

    dealmaker

    You could easily drive through this leafy Silicon Valley suburb without realizing you were in America’s richest neighborhood. From the road, it’s all high brick walls and opaque gates.



    It takes Google Maps to get a glimpse of what lies behind. Satellite images of Atherton, California –- where the average household income just blew past half a million dollars -- reveal the sprawling homes of tech billionaires and sports stars, studded with tennis courts and pools.



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    For the fourth straight year, Atherton topped Bloomberg’s Richest Places annual index. With an average household income of more than $525,000, it became the first and so far only community to top the half-million dollar mark since Bloomberg started compiling the index in 2017.
     
    Last edited by a moderator: Feb 24, 2020
    nooby_mcnoob likes this.
  2. It's meaningless. A town of 7K skewed demo bc of that fact.

    I was born and raised in a former title holder (Kenilworth, IL). North Shore town with <3K.
     
    jys78 and ironchef like this.
  3. ironchef

    ironchef

    Agree. Many LA neighborhoods of similar sizes not counted because they are part of LA or other larger cities. Probably same elsewhere.
     
  4. tommcginnis

    tommcginnis

    The surprise winner of the Richest Places per square mile?

    New Jersey. :wtf::wtf::wtf::confused::wtf::wtf::wtf:
     
    nooby_mcnoob likes this.
  5. ph1l

    ph1l

    tommcginnis likes this.
  6. tommcginnis

    tommcginnis