Rich neighborhoods in America – The average household income in affluent neighborhoods is easily four times the national average. In these neighborhoods, homes can cost millions of dollars, which is way out of reach for the average individual. This year, income equality is a big factor in the elections and many politicians, along with American citizens, have been expressing their concerns about wealth inequality in our country. Since the 1970s, income inequality has increased and the United States is in the 30th percentile for income inequality worldwide.
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With that being said, you may be wondering where the rich do live. One of the most obvious answers is in Hollywood or New York City. However, there are actually a number of neighborhoods throughout the country that you will not be able to live in unless you are prepared to dish out millions. In these neighborhoods, the median household income starts at $200,000 and up. Let’s check out the 15 richest neighborhoods in America.
15. Hammock Oaks – Coral Gables, Florida
Coral Gables is where the University of Miami is located. With a population of 49,631 people, the median household income is almost $78,000. The top employers are the University of Miami, Baptist Hospital of Miami, and Bacardi. Clearly, Coral Gables is a pricey city to live in. The top attractions in the city include Miracle Mile, Loew Art Museum, and Actors Playhouse at the Miracle Theatre. One of the priciest neighborhoods in Coral Gables is Hammock Oaks, which is a waterfront community with easy access to Biscayne Bay. The typical home in the neighborhood is between 3,000 square feet to 6,800 square feet. The homes are in the hefty price range of $1.36 million to $3.35 million. It’s no surprise that certain celebrities call Coral Gables home, including Mimi Rogers, the People’s Court judge Marilyn Milian, and actress Kelly Parsons. If you have a huge bank account then this is a nice area to live in, go sightseeing, and run into a few famous people.
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