Richest Neighborhoods In Raleigh, NC For 2020


We used science and data to determine which Raleigh neighborhoods have the richest people.

Editor’s Note: We updated this article for 2020. This is our fifth time ranking the richest neighborhoods to live in Raleigh.
Richest Neighborhoods In Raleigh

Welcome to the land of the 1%. Where you’ll find lawyers, and doctors, and business executives. And while they probably aren’t made of ticky tacky, they are definitely made of money.

These are the wealthiest neighborhoods that Raleigh has to offer. Where houses go for over 3.1x the national median and household incomes are 2.33x the national median.

But where exactly in Raleigh do the richest of the rich people live? That would be Glenwood where the median income is a cool $128,078.

Here’s a look at the top 10 richest neighborhoods in Raleigh out of 18 for 2020.

What’s the richest neighborhood to live in Raleigh for 2020? According to the most recent census data, Glenwood looks to be the richest Raleigh neighborhood to live in.

Summing up the median income of those 10 neighborhoods adds up to $778,309. And that my friend, is more 0s than most of us will see in our bank account for a long, long time — if we ever get that lucky. Continue on to find where your neighborhood ranks amongst the richest in Raleigh. Once you’re done, you can look at the bottom of the story for a complete chart of every neighborhood we looked at from richest to poorest.

For more Raleigh reading, check out the best neighborhoods in Raleigh and the worst neighborhoods in Raleigh. Or, for living around Raleigh, out the best Raleigh suburbs and the worst Raleigh suburbs.

For more North Carolina reading, check out:

How We Determined The Wealthiest Neighborhoods In Raleigh For 2020

Every city has it’s best neighborhoods — where everyone wants to live — and the worst neighborhoods — where no one wants to live. And then you have the wealthiest neighborhoods, where no one can afford to live.

And by no one, we really mean you because there’s always someone richer than you.

How do you quantify richer than you? We looked at one simple criterion:

Which neighborhoods have the highest median income?

Using census and extrapolated BLS data, we ranked every neighborhood based on income levels.

We ranked every neighborhood in Raleigh by median income from highest to lowest. The neighborhood with the highest median income, Glenwood, was named the richest neighborhood in Raleigh.

The poorest neighborhood? That would be South Central.

Now a look at how all the neighborhoods in Raleigh ranked.

For more North Carolina reading, check out:

Detailed List Of The Richest Neighborhoods In Raleigh For 2020

Rank Neighborhood Median Household Income<
1 Glenwood $128,078
2 Five Points $107,650
3 Wade $86,021
4 North $80,005
5 Northwest $78,719
6 Six Forks $76,056
7 Falls Of Neuse $59,730
8 Northeast $56,500
9 Mordecai $54,564
10 Hillsborough $50,986
11 West $49,446
12 Southeast $43,932
13 East Raleigh $42,542
14 South $42,477
15 Southwest $38,691
16 North Central $35,632
17 Central $31,463
18 South Central $25,637

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.