10 of the Most Wealthy Towns in America 2022

Long Island happens to be one of the most expensive places to live in America. Since the pandemic began, home values have only increased and inventory has become even more difficult, as a result of the city dwellers attempting to escape the tyrannical, mandated and closed-down city of Manhattan.

1. Sands Point, NY

Sands Point is believed to have inspired F. Scott Fitzgerald’s fiction novel “The Great Gatsby.”

In the novel, the author referred to Sands Point Village as the East Egg settlement where the “rich” and “materialistic” people resided.

Sands Point is a village at the tip of Port Washington Peninsula in Nassau County in New York. It covers almost 3000 acres and is home to about 2,720 residents who love living in a quiet and rural environment by the shores of the sky blue and vast waters of the North Atlantic Ocean. Sands Point is about 29.4 miles from Manhattan.

Sands Point was originally owned by 3 families: the Sands, the Vanderbilts, and the Cornwells.

The average household income in Sands Point is $473,848 with a poverty rate of 1.64%

The average home price in Sands Point is $2,752,723. Home values have gone up 10.4% over the past year.

Residents pay an average of $35,530 in property taxes annually.

Median Rental Cost: $9,700 per month. Renters make up 3.18% of the Sands Point population.

2. Greenwich, CT

Mel Gibson, Scooter Braun, Jane Fonda, and Tommy Hilfiger have all owned homes in Greenwich…

Greenwich is the largest town on Connecticut’s Gold Coast, Greenwich is home to many hedge funds and other financial services firms. According to some estimates, there are almost 100 hedge funds in Greenwich alone.

The town boasts one of the lowest property tax rates in New York’s tri-state area.

The average adjusted gross incomes of Greenwich are $638,560 and $721,550, and the average household income in Greenwich is $241,713 with a poverty rate of 7.79%

The average home price in Greenwich is $1,774,518. Greenwich home values have gone DOWN by 4.0% compared to last year,

Greenwich residents pay an average of $20,572 in property taxes annually.

Average Rental Cost: $3,645 per month. Renters make up 37% of the Greenwich population.

3. Brookville, NY

The Long Island town where the real ‘Wolf of Wall Street,’ Jordan Belfort, once lived and partied.

Jennifer Lopez and Marc Anthony once called Brookville home. Brookville was once recognized as a farming community, but that quickly changed in the early 20th century as wealthy New Yorkers built lavish mansions. By the mid-1920s, there were 22 estates, part of the emergence of Nassau’s North Shore Gold Coast. The exclusive Long Island community has a population of 3,599

The average household income in Brookville is $427,626 with a poverty rate of 0.6%

The average home price in Brookville is $2,337,238. Coral Gables’ home values have gone up 34.6% over the past year.

Residents pay an average of $54,224 in property taxes annually.

Average Rental Cost: $2,479 per month. Renters make up 39% of the population.

4. Darien, CT

Darien is the smallest coastal townon Connecticut’s Gold Coast, with a land area just under 13 square miles.

Darien has a population of 21,752

The average household income in Darien is $352,829, with a poverty rate of 3.4%.

The average home price in Darien is $1,806,813. Darien home values have gone up 16.7% over the past year.

Darien residents pay an average of $31,131 in property taxes annually.

Average Rental Cost: $3,902 per month. Renters make up 16% of the Darien population.

5. Malibu, CA

Malibu is one of the most beautiful beach towns in Southern California with 21 miles of coastline along the Pacific Ocean.

Malibu has a population of 10,256.

The average household income in Malibu is $271,666 with a poverty rate of 10.97%.

The average home price in Malibu is $4,222,139. Malibu home values have gone up 14.8% over the past year.

Malibu residents pay an average of $29,977 in property taxes annually.

Average Rental Cost: $6,000 per month. Renters make up 21.1% of the Malibu population.

6. Manhasset, NY

Let’s put it this way – If you don’t drive the latest luxury vehicle in this town, you’re in the minority.

Manhasset is a city located on Long Island’s exclusive North Shore in Nassau County, New York. The town is frequently ranked among the most expensive places to live in America. Manhasset has one of the best school districts in New York and is one of the most desired places to live for Manhattan commuters being that it’s only a 35 minute commute by railroad.

Manhasset has a population of 8,196.

The average household income in Manhasset is $250,694 with a poverty rate of 4.20%.

The average home price in Manhasset is $1,919,940. Manhasset home values have gone up 10.7% over the past year.

Manhasset residents pay an average of $35,230 in property taxes annually.

Average Rental Cost: $2,951 per month. Renters make up 23.2% of the Manhasset population.

7. Scarsdale, NY

Scarsdale is known for its Tudor-style homes and storefronts, many of which were built in the 1920s.

Tudor architecture developed in England between 1485 and 1558, and the style became popular in many wealthy northeastern suburbs, including Scarsdale. The American Revolution took place in Scarsdale when the Continental and British armies clashed briefly. Scarsdale has a population of 17,939.

While many list Scarsdale as one of the richest places to live on the east coast, it most certainly isn’t the most expensive when taking all costs into consideration. Scarsdale has one of the lowest property tax rates in New York’s tri-state area.

The average household income in Scarsdale is $447,005, with a poverty rate of 1.78%.

The average home price in Scarsdale is $1,320,124. Scarsdale home values have gone up 11.5% over the past year.

Scarsdale residents pay an average of $27,361 in property taxes annually.

Average Rental Cost: $1,875 per month. Renters make up 13.4% of the Scarsdale population.

8. Lloyd Harbor, NY

Lloyd Harbor is known for being a very affluent community on Long Island and is a very tranquil place for families to raise their children.

Lloyd Harbor is a village in the Town of Huntington in Suffolk County, on the North Shore of Long Island, in New York, United States. It is about an hour and 25 minutes from Manhattan by railroad.  Peggy Moriarty, an associate broker with Daniel Gale Sotheby’s International Realty who has lived in the area 30 years, says few villagers maintain summer residences in other places.

“You get to live in your vacation home and you are only one hour from the city,” she said, adding, “I call it a little secret.”

Lloyd Harbor has a population of 3,553.

The average household income in Lloyd Harbor is $388,965, with a poverty rate of 4.05%

The average home price in Lloyd Harbor is $1,700,000. Lloyd Harbor home values have gone up by 52.2% over the past year.

Lloyd Harbor residents pay an average of $11,321 in property taxes annually.

Average Rental Cost: $11,500 per month, according to Zillow. Renters make up 6.18% of the Lloyd Harbor population.

9. Coral Gables, FL

Coral Gables is home to the University of Miami, one of the nation’s top private research universities, located 7 miles southwest of Downtown Miami.

The city is a Mediterranean-themed planned community known for its historic and affluent character reinforced by its strict zoning, popular landmarks, and tourist sights.

The average household income in Coral Gables is $175,292 with a poverty rate of 7.79%

The average home price in Coral Gables is $1,278,358 Coral Gables’ home values have gone up 34.6% over the past year.

Residents pay an average of $12,656 in property taxes annually.

Average Rental Cost: $2,479 per month. Renters make up 39% of the population.

10. Colts Neck, NJ

Home to ‘the Boss,’ Bruce Springsteen.

Many people choose to move to Colts Neck (including Bruce Springsteen!) due to its open space and proximity to the Jersey Shore, while still being within commuting distance of New York City and Philadelphia. Many of Colts Neck’s residents are business people who commute into New York City’s financial district. Originally a farming community, Colts Neck has long been known for its large number of equestrian farms.

Colts Neck has a population of 9,953.

The average household income in Colts Neck is $227,846, with a poverty rate of 3.6%

The average home price in Colts Neck is $1,001,138. Colts Neck home values have gone up 14.3% over the past year.

Colts Neck residents pay an average of $24,228 in property taxes annually.

Average Rental Cost: $2,749 per month. Renters make up 9.3% of the Colts Neck population.

READ MORE: 10 Impressive Tips For Building Wealth, According to The Bible

ABOUT THE WRITER:

Elena Patestas is a journalist and writer for Valuetainment media. She attended Pepperdine University in Malibu, California, and Adelphi University on Long Island, New York. She was born and raised in Roslyn, New York, and currently lives in Miami, Florida.

Elena is passionate about bringing positive change to our world and believes education is the root to solving many societal problems. After overcoming a chronic health condition, Elena became passionate about health and believes food is the key to preventing dis-ease and achieving optimum health.

Amongst her many goals, she hopes to bring positive, impactful change to our world to create a healthy, financially sound, and unified society.