3 Ohio Cities Among 50 Richest Towns In U.S.: Bloomberg Report

NEW ALBANY, OH — A Bloomberg report identified the 100 richest towns in America, and three Ohio cities made the cut. The report based its assessment on household income, and the top towns in America have households that earn more than $300,000 a year.

The Village of Indian Hill was the wealthiest town in Ohio, according to the ranking, coming in at No. 17 on the list. The average household makes $318,000 annually in Indian Hill. The village actually fell six spots on this year's list of richest towns (going from No. 11 to No. 17).

Pepper Pike was the second highest ranked Ohio city, coming in at No. 43, up three spots from 2019. The average household in Pepper Pike makes more than $267,000 annually.

New Albany was named the 48th wealthiest town in America. Residents in New Albany make more than $264,000 per household on average. New Albany rose from the 52nd richest city in the U.S. in 2019 to the 48th in 2020.

Read the the whole Bloomberg report here.

Indian Hill, Pepper Pike and New Albany are all suburbs (or, more accurately, exurbs) of major Ohio cities: Cincinnati, Cleveland and Columbus, respectively. However, Hamilton, Franklin and Cuyahoga counties are not Ohio's wealthiest counties. That honor falls to Delaware County, according to 24/7 Wall Street, where the average household pulls in $104,322 a year.

The richest towns in America are Atherton, Calif., with a household income that exceeds a half-million dollars, followed by Scarsdale, N.Y., with $452, 041. They were followed by Hillsborough, Calif., Cherry Hills Village, Colo., Los Altos Hills, Calif. and then Short Hills.
The report stands in contrast to a recent study analyzing the wealthiest counties around the country.