Top 8 Richest Cities in California in 2024 (2024)

California is home to some of the wealthiest cities in the United States of America. It is the “Golden State” of America where style and extravagance coexist peacefully with innovation and the natural world. Tech giants and celebrities call these places home because of their high household incomes, premium real estate, and upscale facilities.

List of 8 Richest Cities in California

Here is the list of the 8 richest cities in California.

  1. Atherton
  2. Hillsborough
  3. Rolling Hills
  4. Portola Valley
  5. Woodside
  6. Monte Sereno
  7. Los Altos Hills
  8. Emerald Lake Hills

1) Atherton

Atherton, which is located in the center of Silicon Valley, is a shining example of luxury and wealth. This elite community, well-known for its expansive estates and green surroundings, has long been associated with riches. With an average household income of more than $594,651, Atherton is among the richest cities in the US, not just in California.

Atherton was first built as a weekend getaway for San Francisco’s aristocracy in the late 19th century. Today, tech giants and business magnates alike choose Atherton as their home. Million-dollar residences with opulent facilities and stunning architecture can be found lining its tree-lined lanes.

Even while Athertons only covers slightly more than five square miles, it is nonetheless a popular destination for wealthy people looking for unmatched solitude and luxury. Its standing as one of the richest communities in California is cemented by its frequent image as a haven for the affluent.

Also Read: Richest Countries In Europe

2) Hillsborough

Located in the charming hills of the San Francisco Peninsula, Hillsborough is the pinnacle of wealth and luxury. Founded in 1910 by the visionary developer William H. Crocker, this rich community has grown to represent luxury living and opulent architecture.

According to the most recent data available, Hillsborough has an average household income of almost $539,950, making it one of the wealthiest towns in California. The astonishing variety of expansive estates in the city, many of which offer spectacular views of the surrounding countryside, is a testament to this affluence.

Hillsborough is unique in that it is dedicated to maintaining its stunning natural surroundings and historic history. Several historic sites can be found in the city, such as the well-known Carolands Chateau, an opulent residence constructed in the Beaux-Arts style. Hillsborough’s attractiveness is further increased by strict zoning laws that guarantee new construction blends nicely with the area’s bucolic surroundings.

Hillsborough provides people with an unmatched quality of life beyond its opulent homes. Prestigious schools, immaculate parks, and its proximity to Silicon Valley’s booming tech sector draw in discriminating folks looking for opportunity and peace of mind.

3) Rolling Hills

Rolling Hills is a wealthy and scenic haven of wealth perched atop the picturesque Palos Verdes Peninsula in Los Angeles County. This gated neighborhood was established in 1957 and is well-known for its vast homes, horse trails, and sweeping views of the ocean.

According to the most recent data available, Rolling Hills has an average household income of over $481,340, placing it among the wealthiest communities in California. Few people who appreciate seclusion, safety, and the peace that comes with its large homes reside in this restricted enclave.

Rolling Hills is unique in that it is committed to maintaining its rustic charm and beautiful scenery. The city gives people a respite from urban sprawl while keeping them close to Los Angeles’s cultural and commercial centers thanks to its stringent zoning laws and large open spaces.

Rolling Hills is a popular destination for horse lovers due to its vast system of bridle trails and horse-friendly facilities, such as a neighborhood riding ring and stables.

Also Read: Richest Families in the World

4) Portola Valley

Situated amidst the lush hills of San Mateo County, Portola Valley personifies the iconic California dream of abundant living in balance with the environment. This idyllic community was founded in 1964 and is well-known for its large estates, rustic appeal, and dedication to environmental preservation.

According to the most recent data, the average household income of Portola Valley is $462,935. Its serene atmosphere and tight-knit community spirit attract inhabitants, who include entrepreneurs, artists, and tech professionals.

Portola Valley is unique because of its strong ties to the surrounding environment. Large tracts of open space can be found around the area, including the well-known Windy Hill Open Space Preserve and the charming Portola Valley Ranch. Residents in these natural sanctuaries have easy access to hiking, biking, and horseback riding, all only a short distance from their homes.

Apart from its breathtaking scenery, Portola Valley takes great pleasure in its dedication to environmental conservation and sustainability. The town’s green projects include animal corridors and natural habitat preservation, as well as solar-powered public buildings and an extensive recycling program.

5) Woodside

Located around San Mateo County’s green forests, Woodside radiates a sense of understated opulence and rustic elegance. Established in 1956, this elite community has long been a favorite among celebrities, corporate titans, and tech elites who value seclusion, peace, and the surrounding natural beauty.

Woodside is one of the wealthiest towns in California, with an average household income of almost $445,543 as of the most recent data. Its elegant homes, expansive vineyards, and well-kept gardens represent the pinnacle of luxurious life right outside Silicon Valley.

The smooth transition between opulent living and the surrounding forest is what distinguishes Woodside. Large properties that blend in perfectly with the surrounding scenery can be found throughout the town, providing inhabitants with unmatched views of the towering redwoods, undulating hills, and winding creeks.

Beyond its lavish homes, Woodside provides outdoor enthusiasts with an abundance of recreational options. Residents can enjoy leisurely games of golf at the esteemed Woodside Country Club or explore miles of hiking and horseback riding paths in neighboring parks including Wunderlich Park and Huddart Park.

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6) Monte Sereno

A hidden jewel of exclusivity and elegance, Monte Sereno is situated amid Santa Clara County’s undulating hills. This 1957-founded tiny city is known for its magnificent estates, picturesque landscapes, and calm atmosphere, which draw affluent citizens looking for seclusion and distinction.

According to the most recent data available, Monte Sereno has an average household income of almost $422,996, making it one of the wealthiest towns in California. Rich people looking for a peaceful get-away from the city will find it to be the perfect hideaway because of its remote location, which is only a short distance from Silicon Valley’s busy tech district.

The small-town feel of Monte Sereno and its commitment to protecting its natural beauty are what make it unique. Vast estates with vineyards, beautiful gardens, and sweeping views of the neighboring valleys and mountains can be found throughout the city.

Residents of Monte Sereno have access to an abundance of leisure possibilities despite the community’s tiny size. Besides the city’s proximity to top-notch restaurants, shopping, and cultural activities, nearby parks like Lexington Reservoir County Park and Vasona Park offer plenty of chances for hiking, picnicking, and water sports, giving inhabitants the best of both worlds.

7) Los Altos Hills

In the center of Silicon Valley, Los Altos Hills is a haven of luxury and peace, located in the calm foothills of the Santa Cruz Mountains. This upscale neighborhood was founded in 1956 and is well-known for its vast mansions, sweeping views, and dedication to maintaining its rustic charm.

According to the most recent data available, Los Altos Hills is among the wealthiest cities in California, with an average household income of almost $460,098. Tech leaders, business owners, and wealthy families seeking seclusion and distinction are drawn to its exclusive neighborhoods, which are filled with opulent mansions and lush gardens.

Los Altos Hills is unique in that it is committed to maintaining its open spaces and natural beauty. There are plenty of paths around the city for bicycling, hiking, and horseback riding, giving locals the chance to explore the breathtaking surroundings.

Los Altos Hills provides its citizens with a wide range of cultural and recreational opportunities along with its natural features. The city is home to the renowned Los Altos Golf and Country Club, the picturesque Foothills Nature Preserve, and a thriving arts and music scene that represents the wide range of interests of its citizens.

Luxurious living, breathtaking scenery, and a strong sense of community are all combined in Los Altos Hills, which keeps drawing people looking for the best possible quality of life in the middle of the Bay Area.

Also Read: Richest people in the USA

8) Emerald Lake Hills

Emerald Lake Hills is a secret haven of peace and beauty located within the San Francisco Peninsula’s lush surroundings. This charming residential community was founded in the middle of the 20th century and is well-known for its picturesque lakes, wooded surroundings, and tight-knit community spirit, which gives its members a strong feeling of identity.

Emerald Lake Hills has a high median household income of $250,001 which is indicative of the wealthy populations attracted to the area’s gorgeous surroundings. Families looking for a quiet getaway from the bustle of the city find it appealing due to its close proximity to Silicon Valley and peaceful atmosphere, which appeals to CEOs and tech workers alike.

Emerald Lake Hills is distinguished by its unique blend of suburban ease and rustic beauty. The neighborhood is filled with quaint houses situated among massive trees, giving homeowners a feeling of isolation and quiet while still being close to the Bay Area’s conveniences and job prospects.

Emerald Lake Hills provides its residents with access to a wide range of leisure opportunities besides its scenic surroundings. Boating, fishing, and picnicking are all possible in the picturesque lakes, and there are miles of hiking and biking paths in the neighboring parks for outdoor enthusiasts to explore.

Conclusion

The richest cities in California are the epitome of luxury and richness. Every city provides a different combination of riches and lifestyles. High-net-worth individuals are drawn to these cities due to their large estates, scenic surroundings, and proximity to major economic centers such as Silicon Valley.

FAQs

What Is the Wealthiest City in California?

Atherton is considered the wealthiest city in California. It has a median household income of about $594,651.

Where Do Most Billionaires Live in California?

California is the state with the most billionaires in the USA. It has more than 185 billionaires and most of them reside near the San Francisco Bay Area.

Top 8 Richest Cities in California in 2024 (2024)

FAQs

What city brings in the most money in California? ›

Atherton

The richest city in California is Atherton, with a median household income of $534,000. Atherton is also the richest city in the US. The median home price in Atherton in 2023 was $7.25 Million, making it the most expensive place to buy a house in California.

Is Los Altos, California rich? ›

Los Altos is the richest city in the nation, according to a new analysis from 24/7 Wall St. The Santa Clara County community has a median household income above $250,000. The median home costs over $2,000,000.

What is the highest income in California? ›

San Francisco's 94014 ZIP code had by far the highest average income in California, at about $5.5 million. The second-highest was atherton's 94027 at $3.5 million and the third- and fourth-highest were both in palo alto at about $2.5 million.

Is Rancho Palos Verdes wealthy? ›

Rancho Palos Verdes, California ranked as the richest retirement town in the U.S., according to GOBankingRates. Residents aged 65 and over make up 26.2% of the total population, with just under 11,000 seniors living in Ranchos Palos Verdes.

What is the most expensive place to live in California? ›

In November, a study by U.S. News and World Report found that San Diego is the most expensive city to live in in 2023, with 12 of the top 20 most expensive cities located within California.

What is the best city to live in California? ›

Best Places to Live in California in 2024-2025
  • San Francisco, CA.
  • San Diego, CA.
  • San Jose, CA.
  • Santa Barbara, CA.
  • Visalia, CA.
  • Sacramento, CA.
  • Bakersfield, CA.

Where do most millionaires live in California? ›

6 California Cities Where Millionaires Love To Live
  • San Jose/Silicon Valley. San Jose and Silicon Valley have a large number of millionaires due to the location of many of the world's top tech firms, such as Apple, Meta, Uber, Airbnb and Netflix. ...
  • San Francisco. ...
  • Irvine. ...
  • Los Angeles. ...
  • Santa Barbara. ...
  • San Diego.
May 15, 2024

What is the richest small town in California? ›

Orinda, a small community located in the hills above Oakland, just ranked as the wealthiest small town in America, according to a report by the financial website GoBankingRates.

Why is Los Altos so expensive? ›

High demand, low inventory, desirability and population projections all figure into the prices, Turley said. Conversely, the most affordable was in Redford, Michigan, where the average a four-bedroom, two bath house cost $60,490—or 28 times less than the same house in Los Altos.

What is the poorest area in California? ›

Cities with a population of at least 10,000 individuals are ranked by percent of individuals living below the poverty line in 2019.
  • #8. Parlier. ...
  • #7. Brawley. ...
  • #6. Barstow. ...
  • #5. Lindsay. ...
  • #4. Arcata. ...
  • #3. Mendota. ...
  • #2. Orange Cove. ...
  • #1. Isla Vista. – Percent of individuals living below the poverty line: 64.3%
Jan 22, 2022

What salary is considered upper class in California? ›

Upper Class Salary in California
Annual SalaryMonthly Pay
Top Earners$84,213$7,017
75th Percentile$66,587$5,548
Average$58,538$4,878
25th Percentile$38,189$3,182

What is considered a good salary in California? ›

$45,638 is the 25th percentile. Salaries below this are outliers. $78,376 is the 75th percentile.

Is Newport Beach the richest city? ›

Newport Beach has another reason to brag: It is the wealthiest place in the nation, by some measurements. The combination of high household incomes and home values brings Newport to the top of Portfolio.com's new rankings of America's wealth centers.

Do any celebrities live in Palos Verdes? ›

Christen Press, a forward for the United States women's national soccer team and two-time World Cup champion, grew up there. Professional poker player Barry Greenstein and artist John Van Hamersveld have resided in Rancho Palos Verdes. Chester Bennington of rock band Linkin Park was a longtime resident of Palos Verdes.

Is Laguna Beach a rich area? ›

They're rich! But if we assume it's where the most expensive homes are, based on highest median price the top zip codes are in Newport Beach, Corona Del Mar, Laguna Beach and Sunset Beach.

What brings in the most money for California? ›

California Industry Sectors

The state's three largest industry sectors in terms of GDP – finance and insurance; trade, transportation, and utilities; and professional and business services – also provide a foundation to other industry sectors, including manufacturing and information.

Where does California get most of its money? ›

Sectors
  • California has historically derived significant revenue from international trade and tourism. ...
  • Compared to other states, California has a large agriculture industry (including fruit, vegetables, dairy, and wine production), The total economic contribution is likely more than double this value (see below).

What is California's largest source of income? ›

The personal income tax is the state's largest revenue source and is expected to comprise 65.9 percent of all General Fund revenues in 2022-23.

What city brings in the most money in the US? ›

New York remains the richest city in the U.S. and the world with nearly 350,000 millionaires and 60 billionaires.

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