When you think of the wealthiest area near you- beautiful homes, nice cars, and fancy restaurants pop into your mind.
Stacker looked at the most recent data from the U.S. Census Bureau Five-Year American Community Survey to determine exactly which area in each state was deemed the richest.
Stacker ranked the locations by a few factors, including the unemployment rate and median household income. If there was a tie between two cities, the percentage of people making more than $200,000 in that area was the tiebreaker.
Any town or city that had a population of fewer than 1,000 people was excluded from the list.
Can you guess which town in California was named the richest?
According to the report, the richest town in California is Monte Sereno.
- Median household income: $250,000+
- Households earning over $200,000: 776 (68.8% of households)
- Median earnings for workers: $151,111 (male: $250,000+; female: $202,000)
- Civilian population with health insurance: 98.6%
- Unemployment rate: 3.7%
- Families with income below poverty level: 2.1%
Here's what Stacker had to say about Monte Sereno:
"Perched on the outskirts of Silicon Valley, the residential Monte Sereno in California is a bedroom community that houses some of the brightest minds in the world. The entire community is residential, with no commercial activity. Residents use the retail facilities in nearby Saratoga and Los Gatos."
To see the richest areas in each state, click here.