Forget Silicon Valley — America’s young and rich professionals prefer the country’s northeast neighborhoods, a new study asserts.
GOBankingRates conducted research into the wealthiest areas with the highest share of residents aged in their 30s and 40s. It turns out that 5 of the top 10 towns are New York City commuter hubs.
The company based its research on data of median ages, household incomes and value of owner-occupied housing units obtained from the Census Reporter.
Short Hills, New Jersey, was the lone Garden State entry on the list.
The median age in the tony town is a relatively sprightly 40.9, while the median household income is $250,000, and the median home value is $1.6 million.
Short Hills, situated within Millburn in Essex County, is just a 40-minute drive from midtown Manhattan, and is a popular commuter suburb for financiers and other white-collar professionals with young families.
Meanwhile, four New York neighborhoods were included,
Munsey Park and Laurel Hollow, both on Long Island, and Scarsdale and Chappaqua, both in Westchester, boast a plethora of professionals who are young and cashed-up.
While Chappaqua might be best associated with septuagenarian residents Bill and Hillary Clinton, the median age of a resident there is just 45.8.
The median household income is an impressive $220,139, while the median value of a home is $740,300, per GOBankingRates.
Two Houston neighborhoods, Southside Place and West University Place, made the list, as did Winnetka, a suburb of Chicago.
Two California burbs were also included in the top 10 — but neither was located in Silicon Valley, in what is surely a blow for a tech industry filled with wealthy, young entrepreneurs.
Ladera Ranch, located in Orange County, and Camino Tassajara, in the San Francisco Bay Area, were the two Golden State suburbs on the list, both boasting an outsized number of young, rich residents.
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