Scarsdale has been named America's wealthiest suburb for the second consecutive year, boasting an average household income of $601,193 and average home values of $1.2 million. Home values have increased by 3.2% over the past year, and income growth is outpacing inflation. Despite competition from other wealthy suburbs like Rye, which has a higher average home value, Scarsdale's continued growth in both income and home prices solidifies its status. The suburb is home to a well-educated population and attracts high earners looking for suburban living near New York City.
Scarsdale just did it again: For the second year running, this tree-lined Westchester enclave has snagged the top spot as America's wealthiest suburb, according to new data from GOBankingRates.
With an average household income of $601,193 in 2023 (up 2.2-percent from the year prior) and average home values tipping the scales at $1.2 million, Scarsdale isn't just rich-it's in a class of its own.
Home values are up 3.2-percent over the past year and income growth continues to outpace inflation, making Scarsdale stand out among the wealthiest suburbs.
Scarsdale remains the gold standard of suburban affluence, attracting high earners seeking suburban serenity and boasting a large, educated population.
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