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.
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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.