New York is known for its culture, landmarks, and communities. Other than these, New York also offers many richest suburbs in the city. These affluent neighbourhoods offer high-end living, exclusive amenities, and a remarkable quality of life.
In this blog, we’ll explore the top seven richest suburbs in New York, each offering its unique charm and allure. From historic towns to coastal areas, these neighbourhoods are home to some of the wealthiest residents in the state. Let’s dive into the blog.
Scarsdale
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Scarsdale is the wealthiest town in New York State, located in Westchester and about 30 miles north of New York City. This suburb in New York has a population of approximately 18,061. Scarsdale is known for its rich suburban lifestyle, excellent schools, and convenient commute to NYC. The median home price in Scarsdale exceeds USD 1.5 million, making it a prime location for those seeking luxury and comfort.
| Metric | Value |
| Median Household Income | Over USD 250,000 |
| Per Capita Income | USD 173,050 |
| Median Home Price | Over USD 1.5 million |
Pelham Manor
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Pelham Manor, another affluent suburb in Westchester is home to about 5,682 residents. This historic enclave, located on the coast of Long Island, offers a serene lifestyle with its proximity to the Pelham Country Club and Pelham Bay Park. Here you can find many top-notch restaurants and famous cafes in New York as well. The median household income in Pelham Manor is over USD 250,000, making it a desirable place for affluent individuals and families.
| Metric | Value |
| Median Household Income | Over USD 250,000 |
| Per Capita Income | USD 128,831 |
| Median Home Price | USD 907,500 |
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Flower Hill
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Flower Hill is one of the richest suburbs in New York situated in Nassau. This suburb is one of the wealthiest towns in New York. Home to around 4,787 residents, this upscale neighbourhood offers luxurious homes and easy access to amenities. The median home price in Flower Hill is over USD 5.4 million. Flower Hill’s affluent lifestyle attracts many wealthy individuals seeking comfort and safety.
| Metric | Value |
| Median Household Income | Over USD 250,000 |
| Per Capita Income | USD 127,955 |
| Median Home Price | Over USD 5.4 million |
East Hills
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East Hills is located in Nassau just south of Flower Hill and is another richest suburbs in New York. Home to about 7,242 residents, East Hills offers many attractions and advantages to its residents. The median household income here is over USD 250,000, with a per capita income of USD 124,194, making it a wealthy location for wealthy families.
| Metric | Value |
| Median Household Income | Over USD 250,000 |
| Per Capita Income | USD 124,194 |
| Median Home Price | USD 1.9 million |
Old Westbury
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Situated next to East Hills, Old Westbury is another richest suburb in New York. This wealthy town is home to several New York clubs, parks, and golf courses, with a population of 4,410 residents. Similar to East Hills, Old Westbury offers a median household income of over USD 250,000, with a per capita income of USD 108,134.
| Metric | Value |
| Median Household Income | Over USD 250,000 |
| Per Capita Income | USD 108,134 |
| Median Home Price | USD 2.4 million |
Rye
Source: Pexels
Rye is a coastal city located on Long Island near the Connecticut border, about 25 miles north of New York City. This place is home to approximately 16,447 residents and is famous for its beautiful waterfront and Rye Playland, one of America’s oldest amusement parks. The median household income in Rye is USD 227,565, making Rye a wealthy and attractive city for affluent individuals.
| Metric | Value |
| Median Household Income | USD 227,565 |
| Per Capita Income | USD 145,604 |
| Median Home Price | USD 1.5 million |
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Larchmont
Source: Pexels
Larchmont, located about 18 miles north of Midtown Manhattan, is a wealthy Westchester suburb. Here are many cool things to see and do in New York like hiking, surfing, and more. This richest suburb in New York is home to around 6,550 residents and offers beautiful views of the Long Island Sound, yacht clubs, and marinas. It is a desirable location for those seeking luxury.
| Metric | Value |
| Median Household Income | USD 220,714 |
| Per Capita Income | USD 115,372 |
| Median Home Price | USD 1.2 million |
What Makes a Suburb Wealthy?
Wealthy suburbs are characterised by a unique blend of economic prosperity, lifestyle amenities, and community attributes that make them stand out. Below, we’ll dive deeper into the key factors that contribute to the affluence of a suburb:
1. High Median Household Income
- One of the primary indicators of a wealthy suburb is its high median household income, often exceeding national averages by a significant margin.
- Affluent suburbs in New York typically host professionals in high-paying industries such as finance, technology, law, and medicine.
- This financial stability creates opportunities for residents to invest in premium housing, education, and recreational activities.
2. Expensive Real Estate and Property Values
- Luxury suburbs boast some of the most expensive real estate markets, with average home prices often in the millions.
- Homes in these areas range from sprawling estates with acres of land to waterfront properties with stunning views.
- Property values in these neighbourhoods consistently rise due to limited inventory, high demand, and their prime locations near urban centres like Manhattan.
3. Prestigious Schools and Educational Institutions
- A hallmark of affluent suburbs is access to top-rated public and private schools.
- Educational excellence attracts families seeking the best opportunities for their children.
- Many suburbs in New York are home to prestigious schools with high graduation rates and robust extracurricular programs, often ranking among the best in the state.
4. Exclusive Amenities and Recreational Opportunities
- Wealthy suburbs feature amenities that cater to a luxurious lifestyle, including country clubs, golf courses, private marinas, and high-end shopping districts.
- Fine dining options, boutique stores, and cultural events contribute to the refined living experience.
- Fitness centres, yoga studios, and wellness spas are common, reflecting a focus on health and well-being.
5. Low Crime Rates and Excellent Public Services
- Safety is a top priority in affluent communities, with these suburbs often boasting some of the lowest crime rates in the region.
- Excellent public services, including well-maintained parks, clean streets, and efficient waste management, enhance the quality of life.
- Many of these areas also have strong community engagement, with active homeowner associations and local initiatives.
FAQS
The richest suburbs in New York include Scarsdale, Pelham Manor, Flower Hill, East Hills, Old Westbury, Rye, and Larchmont.
Billionaires in NYC often reside in neighborhoods like Billionaire’s Row, Upper East Side, and Tribeca.
Manhattan is the richest borough in New York, followed by Brooklyn and Queens with affluent areas.
Billionaire’s Row, located along 57th Street in Manhattan, is the most expensive part of New York City.
Fifth Avenue is considered the richest street in New York City, known for its luxury shops and high-end real estate.
Hope you liked reading about the richest suburbs in New York. Reach out to Fly Homes now at 1800572118 to secure the finest accommodation abroad.
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