What Is The Richest City In New York? Latest Census Data Sheds New Light

New York state is, after all, house to New York Metropolis, which in flip is house to among the wealthiest zip codes, all squeezed into the tiny island of Manhattan. However what about the remainder of the state? What are the richest cities within the Empire State?

In a sequence of research, we analyzed and zeroed-in on the 50 richest cities in Texas, Alabama in addition to the richest cities in Ohio, from amongst others. Right here we’re going to dive deep into the info and determine the richest cities in New York.

Learn on to search out out what the richest city in New York is, plus the highest 50 wealthiest cities within the state.

What Is the Richest Metropolis in New York?

Counting on knowledge sourced from the Census Bureau’s 2021 American Community Survey 5-Year Estimates, we put collectively a four-factor scoring system to assist determine the wealthiest cities in New York:

• Median family revenue
• Imply (common) family revenue
• Median house worth
• Median property taxes paid

All 4 of those metrics have been scored, added up, after which ranked by the cities’ mixed scores.

Under you’ll discover a desk detailing the highest 50 richest cities in New York and their respective greenback figures for every metric:

The No. 1 richest metropolis in New York state is Brookeville, a small city of 733 households, located on the North Shore of Lengthy Island (possible not removed from the realm that impressed F. Scott Fitzgerald’s West Egg and East Egg in The Nice Gatsby). The median family revenue in Brookeville exceeds $250,000, whereas its common family revenue is the very best out of the 1,400+ cities in New York we analyzed, at $617,173. Brookeville’s reported median home value surpasses $2 million and the median property taxes paid by households is in extra of $10,000 per yr.

The No. 2 richest metropolis in New York is Tuxedo Park, a gated village northwest of New York Metropolis, in Orange County. The city is centered on Tuxedo Lake and contains the Tuxedo Membership Golf Clubhouse. Like Brookeville, the median house worth in Tuxedo Park exceeds the $2 million restrict as tracked by the Census Bureau, and its median property taxes paid additionally exceeds the restrict of $10,000. In addition to a median family revenue in extra of $250,000, Tuxedo Park has a mean family revenue of $597,528, the second highest quantity within the state. With 22% of the workforce employed within the Finance & Insurance coverage trade, based on Data USA, it’s not shocking that incomes are so excessive in Tuxedo Park.

Out of the highest 10 richest cities in New York, the biggest is Scarsdale, with 5,448 households. Regardless of its measurement, Scarsdale nonetheless maintains a median family revenue that surpasses $250,000. In the meantime, its common family revenue is likely one of the highest in New York, $516,371. And its median house worth is greater than $1.47 million, whereas the median property taxes paid by family is in extra of $10,000 per yr.