By Samuel Stebbins, 24/7 Wall Street
Incomes climbed faster in 2017 for the typical American household than they have in years. The median household income of $60,336 in 2017 marked a 4.7% increase from the previous year – more than doubled the 2.1% inflation rate over the same period.
The 2017 median household income of $60,336 marks a historic high and generally means greater wealth and buying power than in recent years. Clearly, however, incomes are not even nationwide, and while some areas are undoubtedly poorer, in dozens of thriving American cities, the majority of households earn over 20% more than the national median.
24/7 Wall St. reviewed median household income data from the U.S. Census Bureau for 381 U.S. metro areas to identify the 25 richest American cities. Though spread across the country, from New England to Alaska, the cities on this list tend to have much in common.