Los Altos is the second most affluent small city in America, according to a study from Advisor-Smith released last week.
With a median household income of $235,278, Los Altos trails only Southlake, Texas ($240,248), in a study of small cities of 30,000 to 50,000 residents. Los Altos’ population is 30,504.
Six other Bay Area cities made the top 25: Saratoga (fifth, $191,677), San Carlos (seventh, $182,083), Danville (10th, $160,808), Menlo Park (11th, $160,784), Foster City (13th, $158,529) and Los Gatos (15th, $155,863).
The median income for the top 50 U.S. cities totaled $137,983, the study reported, with 16 California cities among the top 50. Nationwide, the median household income was $68,703.
The study was compiled from 2019 U.S. Census Bureau numbers.
AdvisorSmith is a business insurance resource company.
To view the full study, visit advisorsmith.com/data/most-affluent-small-cities-in-america.