8/30/2023 0 Comments Wealthiest phoenix zip codeWNBA BASKETBALL Phoenix Mercury (4-14) vs. 85253 (Paradise Valley, AZ) rose from 2 to 1, 85045 (Phoenix, AZ) rose from 3 to 2, 85255 (Scottsdale, AZ) rose from 4 to 3, 85266 (Scottsdale, AZ) rose from 5 to 4, and 85262 (Scottsdale, AZ) fell. as Las Vegas won the initial meeting last month in Phoenix. The Arizona median household income from the latest estimates is 56,581 and has risen 5.6 from 53,558. Whether you’re looking to move, settle down, retire or just want to admire mega-mansions, here’s where the richest, most exclusive ZIP codes across the nation are located. This will be the second of four meetings this season between the two. In short? You can find wealth all over the country, possibly even right next door. Some are clustered together, while others are islands unto themselves, gated or secluded communities you may not have known existed - or even literal islands in some cases. Some are coastal and some are Middle America, home to tech execs and white-collar professionals, each defining success on their terms. Some of these ZIP codes can be found in urban cities, some can be found in suburban sprawl. You’ll find median household incomes in a few ZIP codes on this list reaching over $250,000 a year, or more than four times the national average. And while many affluent areas you might expect pepper the overall list - two Manhattan ZIP codes make the top five in New York, and the richest ZIP code in California can unsurprisingly be found in the San Francisco Bay Area - other more unexpected outliers, like lightly populated pockets of Maryland, North Dakota and Wyoming also make appearances in their respective top five lists. But there are outlier areas as you pointed out.For those interested in American economics and evaluating the haves and the have-nots, GOBankingRates conducted a study to determine the five richest ZIP codes in every state. Still, as a whole, the zip code correlation stands. I have another 30 stories and examples including a couple/customer we ate with last night. He lives way below his means and you would never know it. But he hasn't paid his taxes on that amount (15% Capital gains) which is the reason why he does what he does versus taking the money now. My guess is his net-worth (if he sold his company) might be $30M-$40M. So small business owners who are savvy have write-offs galore! One of my best friends pays himself $100K a year (pays his wife $45K) and plows the rest of his money into his 220 person company. On paper, that drops their stated income for such an article. They can hire their college kids (for example) where they have no income to shift their tax liabilities. See On paper, they can "make" $35K a year via an S-Corp (capping their double social security). Something as simple as shifting income (S-Corp). There are all kinds of vehicles for small business owners to manipulate their income. People with another zero after their net worth than mine. I know dozens of wealthy small business owners. Yet another group of high-income earners keep their high income and build wealth. I talk with literally a thousand+ of them a year in my vocation. I know a lot of high-income people who blow their assets. Income is an obvious vehicle to gain wealth. northeast of Phoenix, but Phoenix evolved into a large sprawling city. Next up as you pointed out, "wealth" = assets-liabilities, not what people claim on their income. Valley as one of the most affluent zip codes (85253) in the United States. The wealthiest pay their taxes somewhere else or they are living off of their net worth or manipulating their income. Who here thinks that PV's $156K of family income is accurate? No chance in hell. As in, they are literally not counted in the population because you can not be counted twice. That's because a lot of people who live in PHX area are not counted in the stats because they pay their taxes somewhere else. And yes, they will correlate to the listed zip codes. IMO, the title should be "Highest income zip codes for people who live in PHX Metro". Living in $300-$400,000 house, drives a pickup and owns a business like a HVAC or plumbing business.ġst off, not many surprises on the list. So just before the real estate crash the zip code in north Glendale near Arrowhead was chock full of contractors who in many cases fit the profile of that old book "The Millionaire Next Door". The study wasn't looking at income, but how many people had a million dollars in assets. In Arizona, the Scottsdale zip code, 85262, follows Paradise Valley as the second most expensive zip in the state with a median sale price of 1. Anyone know if that's been updated in the last few years? What was interesting back then was that the zip code that had the most millionaires after first place Paradise Valley was a zip code in north Glendale. The Paradise Valley zip code first placed at 93 in 2019 with a median sale price just below 1.5 million and has now reached a record price point of 2.9 million. As a point of comparison, there was a study of the Phoenix area's true millionaires done 15 or so years ago in the AZ Republic.
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