These Are the 16 Wealthiest Suburbs in California
California is home to many of the wealthiest suburbs in America. In fact, 16 out of the 50 wealthiest American suburbs are located in the state, a recent GOBankingRates study found.
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It will likely come as no surprise that California’s wealthiest suburb is located in Silicon Valley — Los Altos, which has an average household income of $400,817 — but other wealthy suburbs are scattered throughout the state.
Here’s a look at the wealthiest suburbs in the Golden State.
1. Los Altos, California
Suburb of: San Jose-Sunnyvale-Santa Clara, CA
Average household income: $400,817
Typical home value: $4,451,059
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2. Orinda, California
Suburb of: San Francisco-Oakland-Fremont, CA
Average household income: $370,203
Typical home value: $2,078,615
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3. Palos Verdes Estates, California
Suburb of: Los Angeles-Long Beach-Anaheim, CA
Average household income: $342,463
Typical home value: $2,890,788
4. Saratoga, California
Suburb of: San Jose-Sunnyvale-Santa Clara, CA
Average household income: $329,142
Typical home value: $3,981,261
5. Menlo Park, California
Suburb of: San Francisco-Oakland-Fremont, CA
Average household income: $316,584
Typical home value: $2,810,388
6. Lafayette, California
Suburb of: San Francisco-Oakland-Fremont, CA
Average household income: $312,233
Typical home value: $2,001,408
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7. La Cañada Flintridge, California
Suburb of: Los Angeles-Long Beach-Anaheim, CA
Average household income: $310,947
Typical home value: $2,481,526
8. Los Gatos, California
Suburb of: San Jose-Sunnyvale-Santa Clara, CA
Average household income: $305,653
Typical home value: $2,740,764
9. Mill Valley, California
Suburb of: San Francisco-Oakland-Fremont, CA
Average household income: $303,623
Typical home value: $2,152,207
10. Palo Alto, California
Suburb of: San Jose-Sunnyvale-Santa Clara, CA
Average household income: $301,226
Typical home value: $3,654,765
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11. San Carlos, California
Suburb of: San Francisco-Oakland-Fremont, CA
Average household income: $298,397
Typical home value: $2,441,915
12. Cupertino, California
Suburb of: San Jose-Sunnyvale-Santa Clara, CA
Average household income: $283,063
Typical home value: $3,145,958
13. Manhattan Beach, California
Suburb of: Los Angeles-Long Beach-Anaheim, CA
Average household income: $280,470
Typical home value: $3,161,132
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14. Danville, California
Suburb of: San Francisco-Oakland-Fremont, CA
Average household income: $264,134
Typical home value: $2,014,964
15. Moraga, California
Suburb of: San Francisco-Oakland-Fremont, CA
Average household income: $259,468
Typical home value: $1,897,230
16. Calabasas, California
Suburb of: Los Angeles-Long Beach-Anaheim, CA
Average household income: $257,894
Typical home value: $1,922,163
Methodology: For this piece, GOBankingRates looked at all cities with 5,000 households or more. GOBankingRates then isolated the 50 cities with the highest average household income as sourced from the 2022 American Community Survey. GOBankingRates was then able to find which metro area they were a suburb of as well as the 2024 typical home value for the city as sourced from Zillow. All data was collected and is up to date as of June 18, 2024.
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This article originally appeared on GOBankingRates.com: These Are the 16 Wealthiest Suburbs in California
