Categories: USA

These are the 10 cities in the United States with the highest growth in upper-income households

Spokane Valley, Washington, has established itself as a growth center for households with annual incomes over $200,000. (Kai Iselin/Getty Images)Kai Iselin

Along with the growth of households high income in USA highlights the significant demographic change in recent years Spokane Valley, WashingtonAs the city with the fastest increase in minimum-income households 200,000 dollars annually

According to the analysis of SmartAssetBased on data from United States Census BureauAttitude shows a Preference for specific regions of the countrybeing Allentown, PennsylvaniaAnd Evansville, Indiana, other locations with significant increases. This study, replicated by Business InsiderTotal considered 345 American citiesShows relative demographic and economic movements between 2021 and 2022

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There is an interesting perspective of analysis These high-income households have an impact on local economiesWhich can have a long-term impact Housing markets. The definition of “high income” used depends on it United States Internal Revenue Servicewhich identifies the taxpayers who earn 200,000 dollars or more annually.

Cities such as Allentown, Pennsylvania and Evansville, Indiana have also seen significant increases in the number of high-income households. (REUTERS/Jonathan Ernst)Reuters

Spokane ValleyLocated in the eastern part of Washingtonhad experienced a greater increase than 183% in the number of houses with high incomeAdding more than 1,500 in between 2021 and 2022. This increase brought the proportion of households in that income bracket up 5.1%compared to 1.8% from previous year.

in Allentown Pennsylvaniais second with an increase of 163.6%What represents 830 houses extra. This Accessibility of their homes And the quality of its medical care placed it in the top five cities USA Accordingly, to retire US News and World Report.

For his part, in Indiana

, Evansville There was an increase in 150% In high-income households, adding 816and came out in the list of The Wall Street Journal With an average home price of , ideal locations for remote workers $183,000.
Allentown and Evansville reported a 163.6% and 150% increase in the number of upper-income households in the United States, respectively. (REUTERS/Rory Doyle)Reuters

The report also highlighted that four cities in the South and South West are included Killeen, Texas; San Tan Valley, Arizona; Jackson, Mississippi; And Palmdale, California, A year-on-year growth of over 120% has been recorded. This movement south and southwest has been consistent for decades, attracting residents of West Coast cities with expensive real estate. A recent report from Bank of America It has been shown that many of these new residents are single people with upper incomes $125,000represents more than 40%.

cities of New England They rank sixth to eighth in terms of growth of high-income households. Springfield, Massachusetts; New Haven, Connecticut; And Manchester, New Hampshireshows significant growth from 134.1% for 141.7%. States of New England The most expensive to live in USAwith Massachusetts And Connecticut 4th and 6th respectively.

It is not surprising that San Francisco Bay Upper income households represent the highest rates 200,000 dollars. Sunnyvale And St. Clairin both Californialead this category with a percentage of 43.7% And 41.9%respectively. NY Felt that too A significant increase in the number of high income householdsWith that 20% per annumpresents 15.3% of the total population.

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