North Hills, Scarsdale, Lawrence: These cities aren’t just some of the best places to live in New York. They are also home to some of the richest people in the Empire State.
North Hills in particular houses the richest residents in the state thanks, in part, to a median household income of $123,798 and a ridiculously low poverty rate of 1.6%.
If you’re thinking of moving to one of these towns, you’ll probably need to start saving. The richest places in New York share common characteristics such as having a genius level populous, sky high home prices, and a Pleasantville level of married couples.
How did we come up with these mega wealthy cities? We analyzed Census data from the 2012-2016 American Community Survey for the 169 places in New York with more than 5,000 people.
At the end of the day, here’s the set of the 10 richest places in New York for 2018:
- North Hills (Homes For Sale)
- Scarsdale (Photos | Homes For Sale)
- Lawrence (Photos | Homes For Sale)
- Pelham (Photos | Homes For Sale)
- Briarcliff Manor (Photos | Homes For Sale)
- Rye (Photos | Homes For Sale)
- Irvington (Photos | Homes For Sale)
- Pleasantville (Photos | Homes For Sale)
- East Hills (Homes For Sale)
- Garden City (Photos | Homes For Sale)
For more on how we calculated the top ten, read on or skip to the end for the full list of the richest cities in New York.
How We Determined The Richest Places In New York For 2018
The first thing that comes to most people’s minds when they think about determining the richest places is to simply identify personal incomes. After all, rich people have really high salaries.
However, we don’t believe that one statistic wholly encompasses what it means to be one of the ‘richest places’. So we looked at this set of criteria from the newly released 2012-2016 American Community Survey:
- Poverty Level
- Median Household Income
- Unemployment Rate
Median household income is the most digestible way to understand how rich a place really is. The unemployment rate tries to capture the prospects for more people to become rich. If more people are employed, the richer the future looks.
After we collected the data for all 169 places with more than 5,000 people in New York, we ranked each place from 1 to 169 for each of the criteria, with 1 being the richest.
We then averaged all the rankings for a place into a ‘Rich Score’ with the place having the lowest overall Rich Score, North Hills, crowned the ‘Richest Place In New York For 2018’.
You can learn more about the top ten below or skip to the end to see the rankings for all 169 places.
1. North Hills
Population: 5,420Median Income: $123,798
Unemployment Rate: 0.9%
Poverty Rate: 1.6%
More on North Hills: Homes For Sale | Data
North Hills is a village in Nassau County, New York in the United States. The population was 5,075 at the 2010 census.
Population: 17,684Median Income: $250,000
Unemployment Rate: 3.2%
Poverty Rate: 2.7%
More on Scarsdale: Homes For Sale | Data
Scarsdale is a town and village in Westchester County, New York. The Town of Scarsdale is coextensive with the Village of Scarsdale, but the community has opted to operate solely with a village government, one of several villages in the state that have a similar governmental situation. As of the 2010 census, Scarsdale’s population was 17,166.
Population: 6,996Median Income: $136,389
Unemployment Rate: 4.0%
Poverty Rate: 2.7%
More on Pelham: Homes For Sale | Data
Pelham /plm/ is a suburban town in Westchester County, New York, approximately 14 miles northeast of Midtown Manhattan. As of the 2010 census, it had a population of 12,396. Historically, Pelham was composed of five villages and became known as ‘the Pelhams’. Pelham currently contains two independently incorporated villages: the Villages of Pelham and Pelham Manor, Approximately 28 minutes away from Grand Central Terminal by the Metro-North train, Pelham is home to many New York City commuters and has an active social community for its residents. Notably, the Whitestone Bridge is approximately 8.5 miles (14 km) south of the town and can be reached in 10-15 minutes without traffic. It is also 13 miles (21 km) northeast of LaGuardia Airport, which can be reached in 20-25 minutes without traffic and John F. Kennedy International Airport, the city’s main international airport, is 19.5 miles (31 km) south of the town.
5. Briarcliff Manor
Population: 7,732Median Income: $147,610
Unemployment Rate: 4.5%
Poverty Rate: 2.5%
More on Briarcliff Manor: Homes For Sale | Data
Briarcliff Manor /brarklf/ is a suburban village in Westchester County, New York, around 30 miles (50 km) north of New York City. It is on 5.9 square miles (15 km2) of land on the east bank of the Hudson River, geographically shared by the towns of Mount Pleasant and Ossining. Briarcliff Manor includes the communities of Scarborough and Chilmark, and is served by the Scarborough station of the Metro-North Railroad’s Hudson Line. A section of the village, including buildings and homes covering 376 acres (152 ha), is part of the Scarborough Historic District and was listed on the National Register of Historic Places in 1984. The village motto is ‘A Village between Two Rivers’, reflecting Briarcliff Manor’s location between the Hudson and Pocantico Rivers. Although the Pocantico is the primary boundary between Mount Pleasant and Ossining, since its incorporation the village has spread into Mount Pleasant.
Population: 15,949Median Income: $162,394
Unemployment Rate: 4.9%
Poverty Rate: 3.3%
More on Rye: Homes For Sale | Data
Rye is a city in Westchester County, New York, United States. It is separate from the town of Rye, which has more land area than the city. Rye city, formerly the village of Rye, was part of the town until it received its charter as a city in 1942. The population was 15,720 at the 2010 census. Rye is the youngest city in New York state. No other city has been chartered anywhere in New York state since 1942.
Population: 6,559Median Income: $127,045
Unemployment Rate: 2.3%
Poverty Rate: 6.0%
More on Irvington: Homes For Sale | Data
Irvington, sometimes known as Irvington-on-Hudson, is an affluent suburban village in the town of Greenburgh in Westchester County, New York, United States. It is located on the eastern bank of the Hudson River, 20 miles (32 km) north of midtown Manhattan in New York City, and is served by a station stop on the Metro-North Hudson Line. To the north of Irvington is the village of Tarrytown, to the south the village of Dobbs Ferry, and to the east unincorporated parts of Greenburgh, including East Irvington. Irvington includes within its boundaries the community of Ardsley-on-Hudson, which has its own ZIP code and Metro-North station, but which should not be confused with the nearby village of Ardsley, New York.
Population: 7,134Median Income: $105,943
Unemployment Rate: 4.6%
Poverty Rate: 2.3%
More on Pleasantville: Homes For Sale | Data
Pleasantville is a village in the town of Mount Pleasant, in Westchester County, New York. The village population was 7,019 at the 2010 census. Pleasantville is home to a campus of Pace University and to the Jacob Burns Film Center. It was the original home of Reader’s Digest, which still uses a Pleasantville postal address. Most of Pleasantville is served by the Pleasantville Union Free School District, with small parts of northern Pleasantville served by the Chappaqua Central School District. The village is also home to Pleasantville High School.
9. East Hills
Population: 7,072 Median Income: $167,917
Unemployment Rate: 4.8%
Poverty Rate: 4.8%
More on East Hills: Homes For Sale | Data
East Hills is a village in Nassau County, New York on the North Shore of Long Island. It is considered part of the Greater Roslyn area, which is anchored by the Village of Roslyn. As of the United States 2010 Census, the village population was 6,955.
10. Garden City
Population: 22,531Median Income: $157,366
Unemployment Rate: 5.2%
Poverty Rate: 3.2%
More on Garden City: Homes For Sale | Data
Garden City is an incorporated village in Nassau County, New York, United States, in the town of Hempstead. It was founded by multi-millionaire Alexander Turney Stewart in 1869, and is on Long Island, to the east of New York City, 18.5 miles (29.8 km) from midtown Manhattan. The village is located mostly in the Town of Hempstead with a small portion in the Town of North Hempstead.
There You Have It – The Wealthiest Places In New York For 2018
Like we said earlier, when we set out to identify the richest places in New York, we weren’t sure what we’d encounter, but it ended up being some of the best places to live in New York.
When you look at the data, the cities and places mentioned above meet the criteria for being at the very top of the income ladder for everyone that lives there.
If you’re curious enough, here are the poorest cities in New York, according to data:
2nd Poorest: New Square
3rd Poorest: Rochester
For more New York reading , check out:
Detailed List Of The Richest Cities In New York
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