For many Americans, moving to the suburbs is the classic version of the American dream: a spacious home, tree-lined streets, top-rated schools and a backyard big enough for barbecues and birthday parties.
But in some neighborhoods, that dream comes with a price tag that only the country’s highest earners can afford.
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A new analysis from personal finance platform MoneyLion ranked America’s wealthiest suburbs using average household income from the U.S. Census Bureau’s 2024 American Community Survey. The results reveal communities where households earn well over $400,000 a year and where multimillion-dollar homes have become the norm, and not the exception.
The country’s richest suburbs are clustered around major economic hubs
Topping the list is Scarsdale, New York, an affluent Westchester County community just north of Manhattan. The average household earns a whopping $612,591 annually, according to MoneyLion. The average property is valued at roughly $1.7 million.
Coming in second is West University Place, Texas, a city surrounded by Houston that’s known for its proximity to Rice University. Average household income reaches nearly $440,000, while the typical home is also worth about $1.7 million…