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F. Scott Fitzgerald once wrote, "Let me tell you about the very rich. They are different from you and me."
For instance, a $400,000 yearly income is average for them, according to the annual Bloomberg ranking which lists the nation's wealthiest places to live.
Ranking American towns by their residents' average yearly household income, the list showed that in 2020, the five wealthiest cities in America averaged an intake of more than $400,000 a year in household income, with one California town even averaging over $500,000.
Comprised of northern California suburbs, a town just outside of Denver, and an enclave of Westchester County, New York, these are the wealthiest places to live in America.
5. Los Altos Hills, California
Los Altos Hills is a suburb of San Jose with a population of around 8,500, where 91% of residents own their homes. Ranked one of the best places to live in California, the town is home to one of the state's best school systems and offers residents a rural feel. The median home value in Los Altos Hills is $2 million, and the median rent is $2,460.
The average household income in Los Altos Hills is $405,073.
4. Cherry Hills Village, Colorado
Cherry Hills Village is a suburb of Denver with a population of around 6,600, where 95% of residents own their homes. Ranked one of the best places to live in Colorado, the town offers residents a rural feel and one of the state's best school systems. The median home value in Cherry Hills Village is $1,588,700, and the median rent is $2,183.
The average household income in Cherry Hills Village is $406,314.
3. Hillsborough, California
Hillsborough is a suburb of San Francisco with a population of around 11,000, where 94% of residents own their homes. Ranked one of the best places to raise a family in California, the town offers residents a rural feel and one of the state's best school systems. The median home value in Hillsborough is $2 million, and the median rent is $3,501.
The average household income in Hillsborough is $430,681.
2. Scarsdale, New York
Scarsdale is a suburb of New York City with a population of around 17,800, where 91% of residents own their homes. Ranked one of the best places to raise a family in Westchester County, the area offers residents a sparse suburban feel and one of the state's best school systems. The median home value in Scarsdale is $1,445,400, and the median rent is $2,965.
The average household income in Scarsdale is $452,041.
1. Atherton, California
Atherton is a suburb of San Jose with a population of around 7,100, where 94% of residents own their homes. Ranked as the richest town in America, the area offers residents a rural feel and a highly rated public school system. The median home value in Atherton is $2 million, and the median rent is $3,501.
The average household income in Atherton is $525,324.