Manhattan Beach Among Richest Cities In U.S.: Report

MANHATTAN BEACH — Four Southern California communities rank among the top 50 richest communities in the country, according to a new report.

Manhattan Beach and Rancho Palos Verdes in Los Angeles County and Ladera Ranch and North Tustin in Orange County landed on the list of "America's Richest Cities" from 24/7 Wall Street. The report looked at communities with populations of at least 25,000 based on median household income and median home value, according to data from the U.S. Census Bureau's American Community Survey.

Ladera Ranch ranked 29th, Manhattan Beach ranked 30th, Rancho Palos Verdes ranked 43rd, and North Tustin ranked 45th, according to the report by the financial news and opinion website.

Los Altos in Santa Clara County ranked as the richest city in the country, according to the report. But it was far from the only Bay Area city to be included in the list. In fact, the Bay Area was overrepresented among America's wealthiest communities, with 17 cities claiming spots on the list.

Outside the Bay Area, cities tended to be found in large metropolitan areas, particularly Boston, New York City, Washington, D.C., and Dallas.

With a median household income of more than $250,000, Los Altos, a leafy section in western Silicon Valley, is about three times wealthier than the median household in the U.S. The city has a median home value of more than $2 million, which is also over four times greater than the median household price of $410,200 in the U.S.

Los Altos also ranked third for the highest percentage of adults with a bachelor's degree or higher at 85.9 percent, according to the report. The highest in that category is located, naturally, in University Park, Texas, a Dallas suburb that ranked second in the country for median household income.

Here are the Southern California communities that landed on the list. The number in front of the community's name corresponds to its ranking in the overall list. View the full report.

29. Ladera Ranch

• Median household income: $169,706
• Median home value: $863,400 — 80th highest of 1,826 cities
• Adults with a bachelor's degree or higher: 65.8% — 115th highest of 1,826 cities

30. Manhattan Beach

• Median household income: $169,586
• Median home value: $2,000,000+ — the highest of 1,826 cities (tied)
• Adults with a bachelor's degree or higher: 77.9% — 22nd highest of 1,826 cities

43. Rancho Palos Verdes

• Median household income: $158,996
• Median home value: $1,247,600 — 24th highest of 1,826 cities
• Adults with a bachelor's degree or higher: 68.4% — 92nd highest of 1,826 cities

45. North Tustin

• Median household income: $157,487
• Median home value: $973,800 — 50th highest of 1,826 cities
• Adults with a bachelor's degree or higher: 57.7% — 218th highest of 1,826 cities