Avondale Estates was ranked the richest town in Georgia in a 24/7 Wall St. analysis examining small, affluent communities where most households earn at least three times the state’s median annual household income.
With a population of 3,135, Avondale Estates recorded a median home value of $349,500, based on household financial data that was collected before the coronavirus pandemic.
Avondale Estates’ poverty rate was pegged at 2.9 percent, and its median annual household income came in at $108,299.
A high level of education is one characteristic residents of the richest towns have in common, according to the analysis. The percentage of adults with four-year degrees in the 50 towns is among the highest of any jurisdiction in their states, the study concluded.
The analysis considered only towns with populations of 1,000 to 25,000 residents.
—
Richest Towns by State
State Richest Town Median Household Income Poverty Rate Median Home Value Population Alabama Highland Lakes $151,055 1.9% $441,000 5,500 Alaska Gateway $100,641 4.2% $296,500 7,037 Arizona Paradise Valley $204,145 5.0% $1,505,300 14,215 Arkansas Centerton $73,015 8.8% $170,700 13,252 California Belvedere $223,182 2.3% $2,000,000 2,098 Colorado Genesee $159,226 5.5% $694,900 3,766 Connecticut Darien $210,511 3.1% $1,461,100 21,759 Delaware North Star $141,533 1.8% $444,400 7,441 Florida Pinecrest $153,417 5.5% $919,800 19,446 Georgia Avondale Estates $108,299 2.9% $349,500 3,135 Hawaii Ocean Pointe $114,801 4.2% $629,800 14,037 Idaho Dalton Gardens $71,111 3.6% $364,600 2,765 Illinois Inverness $180,541 1.2% $625,100 7,747 Indiana Hidden Valley $106,285 3.7% $196,800 5,449 Iowa Robins $129,081 0.7% $301,700 3,414 Kansas Fairway $105,000 2.7% $352,200 3,947 Kentucky Buckner $123,220 11.5% $328,000 5,465 Louisiana Destrehan $92,052 3.6% $234,500 10,933 Maine Topsham $72,537 10.6% $218,800 6,103 Maryland Travilah $235,669 1.6% $1,090,400 11,633 Massachusetts Winchester $159,536 2.5% $893,700 22,677 Michigan Bloomfield Hills $174,750 2.9% $856,700 4,009 Minnesota Dellwood $176,528 0.3% $619,000 1,251 Mississippi Brandon $74,172 3.8% $177,900 23,688 Missouri Clarkson Valley $170,952 1.3% $629,200 2,640 Montana Montana City $93,194 2.4% $331,900 2,796 Nebraska Papillion $80,853 4.1% $180,700 20,466 Nevada Spring Creek $97,143 4.0% $225,400 13,805 New Hampshire Hampton $92,688 4.3% $358,300 9,235 New Jersey Glen Ridge $213,801 3.9% $644,900 7,573 New Mexico Los Alamos $106,288 6.6% $295,600 12,373 New York Greenville $222,115 3.3% $954,400 7,336 North Carolina Weddington $132,587 1.7% $443,600 10,574 North Dakota Horace $131,354 1.5% $293,800 2,660 Ohio New Albany $203,194 2.5% $494,600 10,896 Oklahoma Jenks $93,364 6.4% $205,100 21,793 Oregon Bethany $127,351 4.8% $509,900 24,396 Pennsylvania Edgeworth $161,641 5.8% $602,000 1,596 Rhode Island Cumberland Hill $88,199 5.3% $251,300 8,142 South Carolina Tega Cay $123,564 0.7% $316,500 9,954 South Dakota Brandon $84,075 2.5% $206,600 9,867 Tennessee Oak Hill $159,167 0.8% $649,000 4,634 Texas University Park $214,477 4.3% $1,230,200 24,954 Utah Highland $133,768 2.6% $536,100 18,362 Vermont Essex Junction $75,439 6.2% $283,400 10,395 Virginia Great Falls $228,836 2.8% $1,133,100 15,394 Washington Duvall $156,205 2.1% $452,200 7,811 West Virginia Bridgeport $80,666 4.1% $220,100 8,466 Wisconsin Whitefish Bay $117,300 3.5% $373,200 14,039 Wyoming Rock Springs $75,441 11.0% $217,400 23,633
Source: 24/7 Wall St.
