A new household income study by GoBankingRates has revealed America’s wealthy are turning away from well known large cities like Los Angeles or New York City in favor of smaller suburbs – like West University Place and Bellaire in Houston – which were listed among the wealthiest American suburbs in 2024. GoBankingRates examined all cities in the U.S. with a minimum of 5,000 households and ranked them based on the highest average household income. The report provided additional details like which metropolitan area the cities are in, plus each city’s typical home value in 2024.
West University Place came out on top as the No. 3 wealthiest suburb in the nation, the report found, boasting the third-highest average household income out of all 50 cities in the report. A West U. household makes an average income of $403,845 a year, and the typical home in the suburb is valued at over $1.6 million.
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