Richest Cities In New York For 2020


We analyzed 167 places in New York to determine where the 1% live.

Editor’s Note: Data has been updated for 2020. This is our fifth time ranking the richest cities in New York.

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It's true what you read about New York in those fancy magazines. There are cities in this state that make Beverly Hills, CA look like the home of the middle class. We know that New York knows how to do everything bigger and better. Heck look at the Statue of Liberty, Niagara Falls, and The Big Apple. Something or someone has to keep this larger than life state ticking. And that, folks, would be the rich New Yorkers that own it.

Curious to know where the 'Richie Rich' of New York live? We've done the work for you with the top ten richest cities in New York for 2020 list. To create this list, we asked ourselves, what is important to rich people in New York? Besides the obvious: high paying jobs, affluent neighborhoods, crazy expensive penthouses, Michelin rated restaurants, and more car services than Starbucks; the cities on our list had to cater to the 'one percent' on a different level, they had to be super posh posh.

How does one get their hand on one of these shiny, New York gems; where living your best life requires a substantial amount of money? Well, a couple of things have to fall into place for you. You need to find a job that pays on average $175,000/year. Might we suggest a job in banking? Someone has to help all of those rich New Yorkers manage their money. Wealthy people want to live in the best cities, so it's not lost on us that there are multiple cities on our ten best cities to live in new york for 2020 that are also on our richest list.

To see which cities made the wealthyiest cities in The Empire State for 2020, grab a slice of pizza, a glass of Cristal, and read on.

In all seriousness, we narrowed down the richest cities in New York by looking at several factors: poverty rate, median household income, unemployment rate. The cities also had to have a population of at least 5,000.

And the richest city in New York? You better have deep pockets if you want to live North Hills, folks, it's the richest in the Empire State.

So where exactly is the money located in the great state of New York? Continue reading as we unravel the top ten richest cities in New York for 2020. And if you don't see your city there, head to the bottom.

Rich people not your cup of tea? Feel free to check out some more reading about New York:

The 10 Richest Cities In New York For 2020

Scarsdale, NY

Overall SnackAbility

7
/10

Population: 17,805
Rank Last Year: 1 (No Change)
Median Income: $250,001
Unemployment Rate: 2.3%
Poverty Rate: 2.4%
More on Scarsdale: Real Estate | Data | Photos

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.

North Hills, NY

Overall SnackAbility

7.5
/10

Population: 5,639
Rank Last Year: 2 (No Change)
Median Income: $137,423
Unemployment Rate: 1.5%
Poverty Rate: 0.6%
More on North Hills: Real Estate | Data | Photos

North Hills is a village in Nassau County, New York in the United States. The population was 5,075 at the 2010 census.

Overall SnackAbility

5
/10

Population: 7,113
Rank Last Year: 3 (No Change)
Median Income: $207,578
Unemployment Rate: 3.2%
Poverty Rate: 1.3%
More on East Hills: Real Estate | 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.

Lawrence, NY

Overall SnackAbility

6
/10

Population: 6,535
Rank Last Year: 5 (Up 1)
Median Income: $142,500
Unemployment Rate: 1.4%
Poverty Rate: 3.8%
More on Lawrence: Real Estate | Data | Photos

Garden City, NY

Source: Public domain
Overall SnackAbility

7
/10

Population: 22,533
Rank Last Year: 13 (Up 8)
Median Income: $171,750
Unemployment Rate: 3.7%
Poverty Rate: 2.5%
More on Garden City: Real Estate | Data | Photos

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 from midtown Manhattan. The village is located mostly in the Town of Hempstead with a small portion in the Town of North Hempstead.

Babylon, NY

Overall SnackAbility

7
/10

Population: 12,089
Rank Last Year: 11 (Up 5)
Median Income: $127,411
Unemployment Rate: 2.6%
Poverty Rate: 3.4%
More on Babylon: Real Estate | Data | Photos

Babylon is one of ten towns in Suffolk County, New York, United States. Located on Long Island, the town population was 214,191 as of the 2014 census. Parts of Jones Beach Island, Captree Island and Fire Island are in the southernmost part of the town. It borders Nassau County to the West, and the Atlantic Ocean to the South. At its westernmost point, its location is approximately 20 miles from New York City at the Queens border, and approximately 30 miles from Manhattan. There is also a village of Babylon located within the town.

Review Of Babylon by HomeSnacks User

My favorite part of Babylon is Robert Moses Beach. It's my favorite place in the world. Plenty of parking fields to choose from with clean bathroom facilities, gift shop, and snack bar. You can walk to Kismet and enjoy the light house.

There are a lot of restaurant options in town and fun things to do. Like any other town you should be aware of your surroundings and lock your car doors.

Larchmont, NY

Source: Public domain
Overall SnackAbility

6
/10

Population: 6,092
Rank Last Year: 20 (Up 13)
Median Income: $213,988
Unemployment Rate: 3.8%
Poverty Rate: 2.7%
More on Larchmont: Real Estate | Data | Photos

Larchmont is a village located within the Town of Mamaroneck in Westchester County, New York, approximately 18 miles northeast of Midtown Manhattan. The population of the village was 5,864 at the 2010 census.

Hastings-On-Hudson, NY

Source: Public domain
Overall SnackAbility

7
/10

Population: 7,964
Rank Last Year: 23 (Up 15)
Median Income: $139,118
Unemployment Rate: 3.6%
Poverty Rate: 3.2%
More on Hastings-On-Hudson: Real Estate | Data | Photos

Monroe, NY

Overall SnackAbility

6
/10

Population: 8,578
Rank Last Year: 8 (Down 1)
Median Income: $110,417
Unemployment Rate: 3.3%
Poverty Rate: 2.2%
More on Monroe: Real Estate | Data | Photos

Monroe is a town in Orange County, New York, United States. The population was 39,912 at the 2010 census. The town is named after President James Monroe.

Malverne, NY

Overall SnackAbility

7
/10

Population: 8,535
Rank Last Year: 12 (Up 2)
Median Income: $119,500
Unemployment Rate: 3.5%
Poverty Rate: 2.7%
More on Malverne: Real Estate | Data | Photos

Malverne is a village in the town of Hempstead in Nassau County, New York, United States. The population was 8,514 at the 2010 census.

How We Determined The Richest Places In New York For 2020

Map Of The Richest Places To Live In New York
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 2014-2018 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 168 places with more than 5,000 people in New York, we ranked each place from 1 to 168 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, Scarsdale, crowned the "Richest City In New York For 2020". You can download the data here.

You can learn more about the top ten below or skip to the end to see the rankings for all 168 places.

There You Have It - The Wealthiest Places In New York For 2020

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:

Poorest: New Square
2nd Poorest: Binghamton
3rd Poorest: Rochester

For more New York reading, check out:

Detailed List Of The Richest Cities In New York

Rank City RichScore Median Income
1 Scarsdale 5.0 $250,001
2 North Hills 5.67 $137,423
3 East Hills 8.67 $207,578
4 Lawrence 12.0 $142,500
5 Garden City 16.67 $171,750
6 Babylon 16.67 $127,411
7 Larchmont 18.0 $213,988
8 Hastings-On-Hudson 19.33 $139,118
9 Monroe 19.67 $110,417
10 Malverne 20.33 $119,500
11 New Hyde Park 21.33 $126,210
12 Floral Park 22.33 $114,674
13 Massapequa Park 22.33 $125,206
14 Irvington 24.67 $130,919
15 Rye 24.67 $180,958
16 Mineola 25.33 $96,250
17 Port Jefferson 26.67 $108,592
18 Pelham 26.67 $130,945
19 Lake Grove 27.0 $105,709
20 Rockville Centre 28.0 $114,483
21 Sea Cliff 29.33 $120,590
22 Dobbs Ferry 32.0 $138,477
23 Warwick 33.67 $76,159
24 Farmingdale 34.67 $86,447
25 Briarcliff Manor 34.67 $163,795
26 Colonie 35.0 $84,665
27 Tarr 35.0 $119,826
28 Croton-On-Hudson 36.33 $127,716
29 Washingtonville 36.67 $93,430
30 Hamburg 36.67 $78,838
31 Bronxville 38.0 $187,188
32 Kings Point 39.33 $123,750
33 Fairport 40.0 $75,212
34 Williston Park 40.0 $106,813
35 Lynbrook 40.33 $97,206
36 Bayville 41.0 $105,469
37 Pleasantville 43.0 $118,333
38 Cedarhurst 45.0 $99,873
39 New Hempstead 45.33 $115,281
40 Northport 45.33 $115,068
41 Great Neck Plaza 46.67 $78,770
42 Great Neck 46.67 $94,153
43 Kenmore 47.0 $65,197
44 Airmont 49.67 $92,313
45 Pelham Manor 50.0 $163,958
46 Wesley Hills 50.0 $116,570
47 Ballston Spa 50.67 $65,445
48 East Rockaway 50.67 $99,715
49 Mount Kisco 51.33 $82,330
50 Long Beach 51.67 $93,722
51 Woodbury 51.67 $127,742
52 East Aurora 52.0 $69,509
53 Westbury 53.0 $98,065
54 Suffern 53.33 $85,802
55 Nyack 53.67 $71,474
56 Harrison 54.0 $124,000
57 Goshen 54.67 $78,148
58 Lindenhurst 55.0 $92,178
59 Williamsville 56.0 $62,168
60 Valley Stream 57.0 $104,773
61 Saratoga Springs 57.0 $78,402
62 Glen Cove 58.0 $78,066
63 Mamaroneck 60.0 $96,088
64 Amityville 60.33 $100,690
65 Patchogue 63.33 $74,752
66 Ossining 64.33 $67,841
67 Rye Brook 65.0 $143,105
68 Lancaster 67.33 $51,545
69 Depew 68.33 $57,895
70 Tuckahoe 69.33 $78,278
71 Walden 70.0 $72,398
72 Horseheads 70.0 $48,149
73 Middletown 70.33 $53,572
74 Freeport 70.67 $76,244
75 Tonawanda 73.33 $49,605
76 Beacon 74.0 $74,450
77 White Plains 74.33 $84,415
78 Scotia 75.0 $53,250
79 East Rochester 77.33 $48,608
80 New Rochelle 78.0 $80,918
81 North Tonawanda 78.33 $56,737
82 Webster 78.67 $46,279
83 Manorhaven 78.67 $89,492
84 Canandaigua 79.33 $49,198
85 Baldwinsville 79.67 $58,000
86 Hempstead 83.33 $62,347
87 Chestnut Ridge 85.0 $89,575
88 Mastic Beach 86.0 $66,190
89 Port Chester 87.67 $65,317
90 Johnstown 88.33 $50,027
91 Saranac Lake 88.67 $48,365
92 Batavia 94.67 $48,190
93 Rome 95.33 $48,659
94 North Syracuse 95.67 $51,402
95 Wappingers Falls 95.67 $59,167
96 Corning 97.33 $49,539
97 West Haverstraw 97.67 $61,506
98 Cortland 97.67 $45,332
99 Peekskill 98.0 $54,494
100 Solvay 100.0 $47,927

How Is The Area In ?

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.

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