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Don't let Oregon's carefree, hippie vibe confuse you, the state has many places that are only for The Beaver State's rich and famous.
Folks, Oregon's wealthy did not get this way by sitting on their back sides. And since HomeSnacks thinks that people who work hard deserve to play hard and live it up in some of the wealthiest places a state has to offer, we created a list of the top ten richest places in Oregon for 2020. You know, a list of the places that cater to the one percent.
How did we determine the richest places in this Pacific Northwest paradise? We looked at the latest Census data from the American Community Survey for 76 Oregon cities with 5,000 residents. We then looked at a places median income, unemployment rate, and poverty rate and assigned each a score.
When you choose to live in one of Oregon's richest places, you are choosing to live where it's going to be a little more expensive. The upside, however, these places have strong economies, posh neighborhoods and homes, blue ribbon schools, and five star amenities. There's a reason many of Oregon's richest places are also the the state's best. And those amenities we mentioned -- well, when all of that cash starts to burn a hole in your pocket, there are coastal five star resorts like Gurney's in Newport and great ski vacations to Mt. Bachelor in Bend ready to lighten your load.
So want to know where Oregon's 'other half' lives? Keep reading.
At the end of the day, here's the set of the 10 richest places in Oregon for 2020:
- Happy Valley (Photos | Homes For Sale)
- Sherwood (Photos | Homes For Sale)
- Lake Oswego (Photos | Homes For Sale)
- West Linn (Photos | Homes For Sale)
- Fairview (Photos | Homes For Sale)
- Sandy (Photos | Homes For Sale)
- Eagle Point (Photos | Homes For Sale)
- Canby (Photos | Homes For Sale)
- Tualatin (Photos | Homes For Sale)
- Tigard (Photos | Homes For Sale)
Did we mention that crime is virtually nonexistent in Oregon's richest places? That's right, many of Oregon's richest are also the state's safest. And, folks, Oregon's number one richest does not disappoint in the safety area either.
But, what is Oregon's number one richest place for 2020? According to the data, that would be, Happy Valley.
Want to know where the rest of Oregon's 'Richie Rich' live, take a look below. And if you don't find what you're looking for there, the rest are just a click away.
Rich people not your cup of tea? Feel free to check out some more reading about Oregon:
The 10 Richest Cities In Oregon For 2020
Happy Valley is a city in Clackamas County, Oregon, United States. The population was 13,903 at the 2010 census.
Sherwood is a city in Washington County, Oregon, United States. Located in the southeast corner of the county, it is a residential community in the Tualatin Valley, southwest of Portland. As of the 2010 census, Sherwood had a population of 18,194 residents. The city's population for 2014 was estimated to be 18,978 by the U.S. Census. Sherwood was first incorporated in 1893 as a town. Originally named Smockville after its founder, James Christopher Smock, the town was given its current name by local businessman Robert Alexander in 1891, who likely named it after his hometown of Sherwood, Michigan.
Lake Oswego is a city in the State of Oregon, primarily in Clackamas County with small portions extending into neighboring Multnomah and Washington counties. Located about 8 miles south of Portland and surrounding the 405-acre Oswego Lake, the town was founded in 1847 and incorporated as Oswego in 1910. The city was the hub of Oregon's brief iron industry in the late 19th century and is today an affluent suburb of Portland. As of the 2010 census, the city had a total population of 36,619, a 3.8% increase over the 2000 population of 35,278.
West Linn is a city in Clackamas County, Oregon, United States. Now a southern suburb within the Portland metropolitan area, West Linn has a history of early development, prompted by the opportunity to harvest energy from nearby Willamette Falls. It was named after U.S. Senator Lewis F. Linn of Ste. Genevieve, Missouri, who had advocated the American occupation of Oregon as a counterclaim to the British. As of the 2010 census, the city had a population of 25,109.
Fairview is a city in Multnomah County, Oregon, United States. As of the 2010 census, the city population was 8,920.
Sandy is a city located in Clackamas County, Oregon, United States, and named after the nearby Sandy River. The city serves as the western gateway to the Mount Hood Corridor, 25 miles east of Portland. As of the 2010 census, the city had a total population of 9,570.
Eagle Point is a city in Jackson County, Oregon, United States. The population was estimated at 8,624 as of 2012.
Canby is a city in Clackamas County, Oregon, United States. The population was 15,829 at the 2010 census. It is along Oregon Route 99E, 2 miles northeast of Barlow. In May 2016 Canby was featured on ABC's series 20/20, when the local "Canby Psychic" was part of an investigation of swindling a local rancher of $15 million.
Tualatin is a city located primarily in Washington County in the State of Oregon. A small portion of the city is also located in neighboring Clackamas County. It is a southwestern suburb in the Portland Metropolitan Area that is located south of Tigard. The population was 26,054 at the 2010 census.
Tigard is a city in Washington County, Oregon, United States. The population was 48,035 at the 2010 census. As of 2007, Tigard was the state's 12th largest city. Incorporated in 1961, the city is located south of Beaverton and north of Tualatin, and is part of the Portland metropolitan area. Interstate 5 and Oregon Route 217 are the main freeways in the city, with Oregon Route 99W and Oregon Route 210 serving as other major highways. Public transit service is provided by TriMet, via several bus routes and the WES Commuter Rail line.
How We Determined The Richest Places In Oregon For 2020
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 76 places with more than 5,000 people in Oregon, we ranked each place from 1 to 76 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, Happy Valley, crowned the "Richest City In Oregon 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 76 places.
There You Have It - The Wealthiest Places In Oregon For 2020
Like we said earlier, when we set out to identify the richest places in Oregon, we weren't sure what we'd encounter, but it ended up being some of the best places to live in Oregon.
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 Oregon, according to data:
2nd Poorest: Madras
3rd Poorest: Prineville
For more Oregon reading, check out:
- Best Counties To Live In Oregon
- Best Places To Raise A Family In Oregon
- Best Places To Retire In Oregon
Detailed List Of The Richest Cities In Oregon