Fox Point, Whitefish Bay, Elm Grove: These cities aren’t just some of the best places to live in Wisconsin. They are also home to some of the richest people in the Badger State.
Fox Point in particular houses the richest residents in the state thanks, in part, to a median household income of $118,281 and a ridiculously low poverty rate of 3.2%.
If you’re thinking of moving to one of these towns, you’ll probably need to start saving. The richest places in Wisconsin 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 2013-2017 American Community Survey for the 143 places in Wisconsin with more than 5,000 people.
At the end of the day, here’s the set of the 10 richest places in Wisconsin for 2019:
- Fox Point (Photos | Homes For Sale)
- Whitefish Bay (Photos | Homes For Sale)
- Elm Grove (Photos | Homes For Sale)
- Kronenwetter (Photos | Homes For Sale)
- Mequon (Photos | Homes For Sale)
- Hartland (Photos | Homes For Sale)
- Sussex (Photos | Homes For Sale)
- Oregon (Photos | Homes For Sale)
- New Berlin (Photos | Homes For Sale)
- Brookfield (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 Wisconsin.
Rich people not your cup of tea? Feel free to check out some more reading about Wisconsin:
How We Determined The Richest Places In Wisconsin For 2019
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 2013-2017 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 143 places with more than 5,000 people in Wisconsin, we ranked each place from 1 to 143 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, Fox Point, crowned the “Richest City In Wisconsin For 2019”.
You can learn more about the top ten below or skip to the end to see the rankings for all 143 places.
Fox Point is a village in Milwaukee County, Wisconsin, United States. The population was 6,701 at the 2010 census.
Kronenwetter is a village in Marathon County, Wisconsin, United States. It is the largest village by land area (although Suamico is larger when its water area is added) in the state of Wisconsin, as well as in the entire United States, and the third-largest community by population in Marathon County. It is part of the Wausau, Wisconsin Metropolitan Statistical Area. As of the 2010 census, the population of Kronenwetter was 7,210, an increase from the 2000 census which had the community at 5,369.
Mequon (/mkwn/ MEK-won) is a city in Ozaukee County, Wisconsin, United States. The population was 23,132 at the 2010 census.
Sussex is a village in Waukesha County, Wisconsin, United States. It is approximately 19 miles (31 km) northwest of Milwaukee and 9 miles (14 km) north of Waukesha. The village is 7.24 square miles (19 km2) at an elevation of 930 feet. The population was 10,518 at the 2010 census. It is part of the Milwaukee metropolitan area.
Oregon is a village in Dane County, Wisconsin, United States. As of the census of 2010, the population was 9,231. Oregon is part of the Madison Metropolitan Statistical Area. The village is located mostly within the Town of Oregon.
New Berlin is a city in Waukesha County, Wisconsin, United States. The population was 39,584 at the 2010 census, making it the second largest community in Waukesha County after the city of Waukesha.
Brookfield is a city located in Waukesha County, Wisconsin, United States. It had a population of 37,920 in the 2010 census. Brookfield is the third largest city in Waukesha County.
There You Have It – The Wealthiest Places In Wisconsin For 2019
Like we said earlier, when we set out to identify the richest places in Wisconsin, we weren’t sure what we’d encounter, but it ended up being some of the best places to live in Wisconsin.
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 Wisconsin, according to data:
2nd Poorest: Milwaukee
3rd Poorest: Antigo
For more Wisconsin reading, check out:
- 10 Safest Places In Wisconsin
- 10 Best Places To Raise A Family In Wisconsin
- These Are The 10 Best Places To Retire In Wisconsin
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Detailed List Of The Richest Cities In Wisconsin
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