Everyone knows that living in Southern California takes some funds. Where else are you going to get the ocean, snowy mountains, big cities and quiet towns all within an hours drive?
But compared to the rest of the country, where do the Southland’s wealthiest suburbs rank? According to GoBankingRates, four Southern California suburbs are among the top 50 wealthiest in the U.S.
They are as follows:
Palos Verdes Estates
Rank: 14
This coastal community perched on a peninsula between Torrance Beach and Long Beach has an average household income of a cool $342,463. As the wealthiest suburb in Southern California, the typical home costs $2,890,788, according to GoBankingRates.
La Cañada Flintridge
Rank: 18
Situated in the Verdugo Mountains’ foothills on the edge of the San Gabriel Valley, La Cañada Flintridge is home to dozens of Hollywood stars and lavish mansions. Its average household income is $310,947 and the typical home costs $2,481,526.
Manhattan Beach
Rank: 36
Another representation for the Los Angeles County coast, Manhattan Beach boasts an average household income of $280,470 and typical home value of $3,161,132, the highest in Southern California.
Calabasas
Rank: 49
Located on the southwestern ridge of the San Fernando Valley, Calabasas is known for large homes and big names living in those houses. Its average household income is $257,894 and typical home value is $1,922,163.
As a California resident might expect, the Bay Area absolutely dominated the list with 12 entries. They included Los Altos (No. 4), Orinda (No. 9), Saratoga (No. 15), Menlo Park (No. 16), Lafayette (No. 17) and Los Gatos (No. 19).
Ranking at the top of the list was Scarsdale, New York, which is a suburb about 20 miles north of Manhattan.
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