Luxury Home Owners Stick Together

April 27, 2018
Where in the U.S. do locals take in an average of $2.5 million a year? Somewhere in Beverly Hills, Silicon Valley, or Manhattan? It’s actually on a man-made barrier island in Miami, Florida named after South Florida’s first African-American millionaire and once owned by the Vanderbilt family. Fisher Island’s 33109 zip code is the country’s richest, according to an analysis of tax data out this week. The average income is $1 million higher than #2—94027 in the heart of Silicon Valley.
 
Other zips in the top-earning top 20 include Palm Beach, Florida at #3 and #4, Palo Alto. Both zips have an average income above $1 million.
 
What zips didn’t rank in the top 20? Any in New York City. The Financial District’s 10005 just missed, coming in 21st behind Greenwich, Connecticut’s 06831 (the most expensive zip code in the Empire State is in Harrison, New York, just across the border from Greenwich, where the average income was $976,000). L.A.’s Century City neighborhood was the highest on the list for SoCal with an average income of $905,000. Another L.A. zip is quickly rising as one of the most expensive: Santa Monica’s 90401 saw the greatest gains in earning power, and its median home price jumped an incredible 60.7% from 2016 to 2017, to just over $3 million.

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