For the second year in a row, Los Altos Hills has claimed fourth place on Bloomberg’s annual “100 Richest Places” list of U.S. cities and towns. Atherton, for the third year in a row, snagged top honors.
Each year the rankings, which include “places” with at least 2,000 households, are based on U.S. Census data for average household income from two years prior. In 2017, for example, Atherton’s average household income was $450,696, securing the town at the top of the 2019 list. Rounding out this year’s top five, in order, were Scarsdale, New York ($417,335); Cherry Hills Village, Colorado ($394,259); Los Altos Hills ($386,174); and Hillsborough ($373,128).
More than half of this year’s 100 richest places are in California or the New York City area, Bloomberg reporters Shelly Hagan and Wei Lu noted.
This is the second straight year Los Altos Hills has beat out Hillsborough; an average household income of $373,8000 earned Los Altos Hills fourth place in 2018 to Hillsborough’s sixth ($350,900). In 2017, Hillsborough claimed fourth place ($368,900), with Los Altos Hills trailing behind in seventh ($333,800).
Los Altos, No. 26 in the 2019 rankings with an average household income of $280,162, has slowly worked its way up the list; Bloomberg in 2018 gave the town the No. 28 spot ($265,100) and in 2017 the No. 37 spot ($246,800).