AdvisorSmith Finds the Most Affluent Small Cities in the U.S

NEW YORK - March 16, 2021 - PRLog -- AdvisorSmith, a leading resource for small business and economic content, released its newest study that examined median household incomes in small cities to find the most affluent small cities in America.

To find these small cities, AdvisorSmith used the U.S. Census Bureau's American Community Survey data. The survey indicates the median household income and population of cities in the United States. For the study, AdvisorSmith used 5-year estimates from the 2019 release date.

The study broke the small cities into three segments based on population density. The small cities groups were between 10,000 and 30,000 residents, 30,000 and 50,000 residents, and 50,000 and 100,000 residents.

Through the Census data, AdvisorSmith found the median household income of each city. Each city was ranked based on its median household income to find the top 50 most affluent small cities based on each population group.

The research found that the top 50 cities with populations between 10,000 and 30,000 residents had an average income of $187,571. The states with the most affluent small cities were California and Virginia.

Small cities with 30,000 and 50,000 residents, and 50,000 and 100,000 residents had a median household income of $137,983 and $117,157. Both population segments, the state leading with the most affluent cities, was California.

To see the rest of the study, please visit https://advisorsmith.com/data/most-affluent-small-cities-in-america.

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