Finding big money in Small Town U.S.A. is as simple as looking toward the mountains of the Old West.
America’s three wealthiest small communities are located in the western U.S. and tower at elevations exceeding a mile — with real estate valuations some would consider even loftier.
Topping the list, and in this case appropriately named, is Summit Park, Utah, and its surroundings. One in six homes in the so-called micropolitan area is worth at least $1 million, with more than half of those in Park City and most of the rest in Summit Park, Snyderville and Silver Summit collectively, according to the Bloomberg Index of Affluent Micro Areas. Some 43 percent of the area’s homes are considered vacation properties.
The Bloomberg index is based on four equally weighted metrics: median household income, the percentage of households with at least $200,000 in income, median home value and the percentage of homes worth $1,000,000 or more.
This article was provided by Bloomberg News.
20. Claremont-Lebanon, NH-VT
Median Household Income: $54,744
Median Home Value: $199,500
19. Spirit Lake, IA
Median Household Income: $57,265
Median Home Value: $167,800
18. Laconia, NH
Median Household Income: $62,159
Median Home Value: $219,600
17. Oak Harbor, WA
Median Household Income: $58,815
Median Home Value: $290,900
16. Hailey, ID
Median Household Income: $53,013
Median Home Value: $303,600
15. Hudson, NY
Median Household Income: $59,105
Median Home Value: $222,100
14. Truckee-Grass Valley, CA
$56,521
$347,000
13. Gardnerville Ranchos, NV
Mediam Household Income: $58,535
Median Home Value: $272,000
12. Durango, CO
Median Household Income: $60,278
Median Home Value: $332,700
11. Heber, UT
Median Household Income: $66,486
Median Home Value: $316,800
10. Easton, MD
Median Household Income: $58,228
Median Home Value: $319,500
9. Key West, FL
Median Houshold Income: $57,290
Median Home Value: $386,400
8. Glenwood Spring, CO
Median Household Income: $59,875
Median Home Value: $321,800
7. Kapaa, HI
Median Household Income: $65,101
Median Home Value: $480,600
6. Steamboat Springs, CO
Median Household Income: $64,963
Median Home Value: $394,600
5. Breckenridge, CO
$67,983
$478,800
4. Vineyard Haven, MA
Median Household Income: $64,222
Median Home Value: $660,800
3. Jackson, WY-ID
Median Household Income: $68,318
Median Home Value: $412,000
2. Edwards, CO
Median Household Income: $72,214
Median Home Value: $419,400
1. Summit Park, UT
Median Household Income: $91,773
Median Home Value: $497,300
