Discover the Richest Cities America has to Boast!

Discover the Richest Cities America has to Boast!

America is a land of great contrasts, with wealth and poverty often juxtaposed in surprising and shocking ways to visitors. What is true is that many cities in the USA are some of the wealthiest places in the world. Some of the actual locations of those cities may surprise you however.
Discover the Richest Cities America has to Boast!
America’s richest town is Bridgeport, Connecticut, located on the edges of New York city’s commuter belt. A massive number of the residents here, something like ten per cent of the inhabitants of the town’s metropolitan area, work in the financial sector. That may well be the reason that average per capita income in the area stands at almost twice the national average, at $78,504 a year. Greenwich, home to many hedge fund managers, is part of Bridgeport, which takes the average income up several notches.

Texas Energy
The location of the second-richest city in the Us might well surprise some people. Midland, Texas, has a per capita average yearly income of $65,173 in 2011, a rise of 12 per cent on 2010. The town is located at the heart of Permian Basin, which is where a vast percentage of America’s oil and gas is produced. A quarter of America’s crude oil is produced in this region, helping to explain why unemployment is only at 3.3 per cent in Midland. The town has some connections to the family of former president George W. Bush too.
Heading West to California
San Francisco is America’s third most wealthy city, according to recent data. This laid-back spot in northern California saw the average annual income of its residents rise by five per cent in 2011 to $61,395. One reason for this wealth is the large amount of people in the metropolitan area who work in the professional and business sectors. This historical city also has a number of cultural factors in its favour which helps to draw in more affluent residents, such as its long-term reputation for liberalism and its connections with the counter culture of the 1960s.
Elsewhere in California, at least geographically speaking, is San Jose. The metropolitan area includes the counties of San Benito and Santa Clara and just under a fifth of the people who live here work in the potentially lucrative sectors of the professions and business services. Sometimes called ‘the Capital of Silicon Valley’, a sign of how the advent of the digital age has transformed this once modest farming town. Residents in 2011 enjoyed an average per capita income of $61,028.
Head for the Capital
Coming in at number five in a list of America’s wealthiest cities is its capital, Washington DC. According to 2011 figures, average per capita income grew here by 3.5 per cent over a 12-month period, reaching a figure of $59,345. Of course, a very large proportion of the population here works in some way for the United States government. This helps to insure many of the people here from the downturns in the economic cycle which have struck damagingly elsewhere in America in recent times.
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Discover the Richest Cities America has to Boast! Discover the Richest Cities America has to Boast! Reviewed by Zahir Style on July 27, 2019 Rating: 5

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