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.
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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.
