Texas town most affluent U.S. neighborhood
NEW YORK (Reuters Life!) - A Dallas suburb home to teen pop group Jonas Brothers and the Texas Rangers baseball team owner Chuck Greenberg is the most affluent neighborhood in the United States, according to Forbes.com.
The town of Westlake, Texas, has an estimated annual median household income of $250,000, five times more than the median for the U.S. overall.
The town of 703 residents is also home to sports stars such as golfer Todd Hamilton and chief executives, including Matthew Rose of railroad company Burlington Northern Santa Fe.
"We are a very small town and we have a number of highly paid professional athletes who live here, CEOs of major corporations, members of a popular band of brothers," Laura Wheat, the mayor of the Town of Westlake, told Forbes.
Second on the list was the Village of Kenilworth, a suburb of Chicago, where median household income totals $247,000.Mission Hills, Kansas, with median household income of $243,000, was third.
The county with the highest concentration of affluent neighborhoods was Nassau County, New York. The villages of Plandome, Hewlett Neck, Plandome Manor and Munsey Park in the county are all among America's wealthiest, with estimated household median income of between $234,000 and $242,000.
The median U.S. household income was $49,777 in 2009, according to census data.
Forbes looked at the U.S. Census' American Community Survey's average median household income estimates from 2005 to 2009. For the full survey see (bit.ly/eY7Tse).
© Thomson Reuters 2016 All rights reserved.