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Study Names Scarsdale the Richest Town in the Country

31 WhigRoadA new study by a website called 247Wallst.com has determined that Scarsdale residents have the highest median household income in the country, earning 15 times the typical household income in Centreville, IL, which was found to be the poorest town in the U.S. with a median income of $16,553.

The study found that the "typical" U.S. household income rose $2,500 to $53,889 in 2015 from $51,425 in 2009.

The site is based on household income data from the U.S. Census Bureau's American Community Survey.

The study found that the wealthiest communities are largely suburbs near major U.S. cities like New York, Washington D.C. and Chicago. It says, "In 21 of the 25 small wealthiest towns, more than 80% of the workers commute outside of their place of residence for work."

The study also notes the impact of education on wealth, finding that in 23 of the 25 richest towns 70% of adults have bachelors' degrees while only 15% of adults in 20 of the poorest 25 towns have a four-year degree. On average, those with bachelors' degrees earn $23,000 more than those without a college degree, while graduate degree holders earn $40,000 more than those without a degree.

Read the entire article here.

Comments   

+2 #11 Solid Middle Class America 2017-05-24 10:39
Quoting Scarsdale Senior.:
I think Scarsdale is solid Middle Class America. Not everyone is driving brand new automobiles.


Agreed. I certainly am not driving new cars. Instead, I have three chauffeurs, including one for my kids (God forbid they be seen riding a bicycle!) and another driver for our twin standard poodles.
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+3 #10 Melania T. 2017-05-23 02:40
Quoting Denial:
Quoting Scarsdale Senior.:
I think Scarsdale is solid Middle Class America. Not everyone is driving brand new automobiles.


No offense, Scarsdale senior, but you have no idea what "Middle Class" America is. Go look up the median income in the US—it's a small fraction of the average income in Scarsdale. I can sort of understand why many residents are uncomfortable with the notion that they are rich, but the average person in Scarsdale is, in fact, wealthy by any reasonable standard. (Yes, there are exceptions whom many of our fellow citizens love to point out, but they are exceptions, not the rule.)

"Not everyone is driving brand new automobiles" is hardly a standard for measuring wealth when the average car on the road in the US is 11.4 years, according to IHS Automotive. There aren't a lot of 11-year-old cars on the road in the village.


That is correct, no matter the make no car can withstand Scarsdale roads for more than a few years.
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+3 #9 English major 2017-05-22 14:54
So what is the median household income in Scarsdale? The article doesn't say!
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-2 #8 Yeah but 2017-05-22 14:24
Tell It To The Judge: Highest-Taxed Community in the world/Universe? Exaggerate much? If you mean property taxes, well, those are in proportion to the enormous property values we enjoy here in Scarsdale. If you want to lower them, just do everything you can to cause folks not to want to spend a lot of $$$ to own a Scarsdale home. Like, you know, vote against school budgets, vote for Trustee candidates who oppose spending money on village upkeep (or run for office on that platform yourself!) If enough people agree with you, voila, your property taxes will eventually go down, along with your home value! How much you wanna bet you won't like that result.
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+2 #7 Tell it to the Judge 2017-05-19 18:06
More importantly, Scarsdale is the highest-taxed municipality in the country, if not the entire world. (Maybe even the universe). Stop the madness.
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+11 #6 Attributes 2017-05-19 09:55
This award is nothing to be ashamed above, but I look forward to a day where the Village is ranked as the #1 Village for giving, volunteering, social action, caring for the less fortunate, etc.

It's not so much $ you have, (says the resident who isn't worried about paying for his next meal, realizing that others are) but what you do with it.
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+6 #5 Denial 2017-05-18 18:52
Quoting Scarsdale Senior.:
I think Scarsdale is solid Middle Class America. Not everyone is driving brand new automobiles.


No offense, Scarsdale senior, but you have no idea what "Middle Class" America is. Go look up the median income in the US—it's a small fraction of the average income in Scarsdale. I can sort of understand why many residents are uncomfortable with the notion that they are rich, but the average person in Scarsdale is, in fact, wealthy by any reasonable standard. (Yes, there are exceptions whom many of our fellow citizens love to point out, but they are exceptions, not the rule.)

"Not everyone is driving brand new automobiles" is hardly a standard for measuring wealth when the average car on the road in the US is 11.4 years, according to IHS Automotive. There aren't a lot of 11-year-old cars on the road in the village.
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-9 #4 Scarsdale Senior. 2017-05-18 16:39
I think Scarsdale is solid Middle Class America. Not everyone is driving brand new automobiles.
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+9 #3 Denial 2017-05-17 07:40
Totally obnoxious writes: "Scarsdale doesn't even make some of the more legitimate lists like Forbes."

But Forbes' list is by zip code, which makes it a lot less legitimate. A lot of folks with the 10583 zip code live in the towns of Greenburgh and Eastchester.

If you just look at folks who live in the village of Scarsdale, this is not the first survey that ranks Scarsdale as number 1. See . Bloomberg has a different result: Scarsdale plummets all the way to number three.

Many Scarsdalians love to think of themselves as upper middle class, but given the median family income in the US, the average cost of a house in Scarsdale, the cars you see in the driveways, etc., residents of our village need to accept a simple fact: Most of us are rich.

Some folks, of course, are mortgaged to the hilt to live here, and may not have a whole lot of extra spending money. But if you have enough income to choose to spend it on a house in the village, you're pretty darn rich. Middle-class people can't even think of buying a home here.
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-2 #2 Totally obnoxious 2017-05-16 23:49
This has been posted all over kid's social media. I guess it's impressive to these "little fish" at college.
This is a totally subjective article . Scarsdale doesn't even make some of the more legitimate lists like Forbes .
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