Home in the eighth top earning town, New Canaan, CT. Photo by Doug Kerr.
Towns that rake it in
CNN Money has announced the top earning towns across America with a great many of them up north. These small towns earn impressive incomes and the home values are pricey as well, as they shed the American image of tiny towns echoing banjo music from front porches.
The top ten list is below, and although there are no Southern states in the top ten, CNN Money offers 15 more towns in their top 25.
1. Great Falls, VA
Population: 8,757
Median family income: $367,660
Median home price: $1,090,000
2. Hillsborough, CA
Population: 10,540
Median family income: $319,240
Median home price: $2,277,500
3. Scarsdale, NY
Population: 17,745
Median family income: $250,124
Median home price: $1,200,000
4. Weston, MA
Population: 11,787
Median family income: $248,871
Median home price: $1,004,000
5. Los Altos Hills, CA
Population: 8,647
Median family income: $243,406
Median home price: $2,273,250
6. Glencoe, IL
Population: 8,881
Median family income: $237,874
Median home price: $807,500
7. Winnetka, IL
Population: 12,234
Median family income: $236,222
Median home price: $990,000
8. New Canaan, CT
Population: 19,682
Median family income: $231,957
Median home price: $1,210,000
9. Darien, CT
Population: 20,049
Median family income: $227,195
Median home price: $1,253,800
10. Chappaqua, NY
Population: 9,459
Median family income: $219,258
Median home price: $825,000
Manhattan Beach Realtor
August 17, 2011 at 9:40 am
And the best value goes to: Glencoe, IL: Can't beat the median income to median home price ratio!