This Bay Area Suburb Is The Richest Town In CA: Report

HILLSBOROUGH, CA — California’s richest town is the Bay Area suburb of Hillsborough, according to an analysis of nationwide data.

Content platform Stacker determined the wealthiest towns in each state using median household income from the most recent U.S. Census Bureau American Community Survey Five-Year Data, per August 2024, noting the available statistics do not show median incomes above $250,000. Ties were broken via the percentage of residents earning over $200,000 per year.

“The ‘richest town’ can look quite different from state to state, with some being far wealthier than others,” according to Stacker. “For instance, the country’s millionaires and billionaires are concentrated in California, New York, Florida, and Texas, meaning that the lifestyle in Palm Beach is not akin to that of, say, Kildeer, Illinois.”

In Hillsborough, the median household income is listed at $250,000, which is 232.7 percent higher than the national median, Stacker reported, adding that 69.6 percent of households in the town earn more than $200,000 and a mere 3.1 percent of families fall below the poverty line.

“Established in 1910, Hillsborough's population more than tripled over the next few decades as the large, sprawling estates of wealthy gold rushers were subdivided,” according to Stacker. “To preserve a spacious, rural feel, the town has mandated a minimum lot size of one-half acre since 1953. It is close to the urban amenities of the San Francisco Peninsula and presents a plethora of outdoor opportunities, including private golfing, hiking, and cycling.”

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