Tempe Ranks Among 20 Best Places For Young And Wealthy | Living In Phoenix Arizona
TEMPE RANKS AMONG 20 BEST PLACES FOR YOUNG AND WEALTHY
LIVING IN PHOENIX, ARIZONA
Tempe Ranks Among 20 Best Places For Young And Wealthy
The young and wealthy are making big changes when choosing where to live. Upper class Millennials (defined as a household income of $150,000+) are increasingly prioritizing safety and livability. To uncover the best places for the young and the wealthy in America, GOBankingRates first identified the U.S. cities with the largest population of younger people (at least 30% of the population aged 25 to 44). From there, we analyzed salaries of young people in each city. We also reviewed the property and violent crime rates, as well as the livability of each city.
Our findings show Tempe ranked among the 20 best places in America for the young and wealthy.
To find the best places for the young and wealthy to live in, GOBankingRates analyzed various key factors from the U.S. Census American Community Survey, Sperling’s BestPlaces, the Bureau of Labor Statistics Consumer Expenditure Survey and the Federal Reserve Economic Data. Each city’s property crime and violent crime statistics per 1,000 residents was sourced from the FBI’s Crime Data Explorer along with the livability index from AreaVibes to determine the overall quality of life. Wealthy, in this study, refers to being in the upper class income range. GOBankingRates used a minimum household income of $150,000 for this study.
Key Findings
- Cambridge, Massachusetts, ranked as the best city for the young and wealthy to live in. Just over 40% of the population are ages 25 to 44 and 63% of 25-44 households have income of $150,000 or more.
- With Cambridge at No. 1, the remaining top 10 cities include Jersey City (New Jersey), Santa Clara (California), Hillsboro (Oregon), Boston, Sandy Springs (Georgia), Rochester (Minnesota), Austin (Texas), Seattle and Sunnyvale (California).
- Texas had the most cities out of any state to rank in the top 50. These seven cities include Austin (#8), Richardson (#18), Denton (#19), Dallas (#28), Irving (#34). Odessa (#41) and Lewisville (#46).
- No cities in Florida ranked within the top 50.
Keep reading to discover which 50 cities rank among the best for young, wealthy Americans.
