Best 20 Old Money Places To Live In The US
When you dream of living in a place that exudes timeless elegance and generational wealth, consider these “old money” locales. These cities and neighborhoods are renowned for their historical significance, luxurious lifestyles, and exclusive social circles. Save these places, and may your dreams of wealth come true!
Indian Creek Village, Florida: Extreme wealth concentration and privacy
Indian Creek Village, located on a man-made barrier island in Biscayne Bay, Florida, is synonymous with extreme wealth and privacy. Known as the “Billionaire Bunker,” this exclusive gated community features only 41 residential home sites and the prestigious Indian Creek Country Club. The village is renowned for its high concentration of affluent residents, including celebrities and business magnates, who are drawn to its unparalleled security and seclusion. With its own local government and private police force, Indian Creek Village offers a sanctuary of luxury and discretion, making it one of the most coveted addresses in the world.
Los Altos Hills, California: Silicon Valley’s tech wealth powerhouse
Los Altos Hills, California, is a premier residential community in Silicon Valley, known for its concentration of tech wealth and luxurious living. This affluent town, with a population of around 8,489, boasts some of the most expensive real estate in the United States, with a median home price of approximately $7.7 million. The area is characterized by its expansive estates, strict residential zoning, and a rural atmosphere, offering residents privacy and exclusivity. Home to many tech executives and entrepreneurs, Los Altos Hills epitomizes the opulence and innovation of Silicon Valley’s elite.
Atherton, California: Another enclave of Silicon Valley riches
Atherton, California, is a prestigious enclave in Silicon Valley, renowned for its extreme wealth and exclusivity. With a population of around 7,188, Atherton consistently ranks as one of the wealthiest towns in the United States, boasting the highest per capita income and the most expensive real estate. The town’s zoning regulations, which permit only one single-family home per acre and prohibit sidewalks, ensure privacy and seclusion for its affluent residents. Home to numerous tech executives and business magnates, Atherton’s luxurious estates and proximity to major tech hubs make it a prime location for Silicon Valley’s elite.
Westmount, Quebec, Canada: High concentration of CEOs and corporate leaders (not US)
Westmount, Quebec, is a prestigious enclave in Montreal known for its high concentration of CEOs and corporate leaders. This affluent neighborhood, nestled around one of the summits of Mount Royal, is characterized by its grand stone mansions, lush flowerbeds, and exclusive amenities like lawn bowling grounds. With an average household net worth of $3.7 million, Westmount is one of Canada’s wealthiest communities. It offers a blend of historical charm and modern luxury, attracting Quebec’s business and political elite who value privacy, exclusivity, and proximity to downtown Montreal.
Upper East Side of Manhattan: Finance and hedge fund elite
The Upper East Side of Manhattan is a prestigious neighborhood known for its concentration of finance and hedge fund elites. Bounded by 96th Street to the north, the East River to the east, 59th Street to the south, and Central Park and Fifth Avenue to the west, this area is synonymous with affluence and exclusivity. Often referred to as the “Silk Stocking District,” the Upper East Side boasts luxurious townhomes, high-end apartment buildings, and some of the most expensive real estate in New York City. It is home to numerous cultural institutions along Museum Mile, upscale shopping, and fine dining, making it a prime location for the city’s financial powerhouses and social elite.
Cherry Hills Village, Colorado: Denver’s most affluent suburb
Cherry Hills Village, located in Arapahoe County, Colorado, is Denver’s most affluent suburb, known for its extreme wealth and exclusivity. This home rule municipality, with a population of 6,442 as of the 2020 Census, is characterized by its sprawling estates, lush landscapes, and prestigious Cherry Hills Country Club, which has hosted major golf championships. The area attracts high-profile residents, including business executives, athletes, and celebrities, who value its privacy, top-tier schools, and proximity to Denver’s urban amenities. With a median home price of around $4.25 million, Cherry Hills Village epitomizes luxury living in the Denver metropolitan area.
Newport Beach, California: Established luxury community in Orange County
Newport Beach, California, is an established luxury community in Orange County, renowned for its affluence and coastal charm. This picturesque city, with a population of around 84,000, boasts some of the most expensive real estate in the United States, including exclusive neighborhoods like Balboa Island, Pelican Hill, and Cameo Highlands. Known for its high concentration of multimillionaires, Newport Beach offers a blend of upscale living, world-class amenities, and stunning ocean views. Residents enjoy a vibrant lifestyle with access to high-end boutiques, gourmet dining, and recreational activities such as boating and surfing, making it a prime destination for those seeking luxury and exclusivity.
The Hamptons, New York: Exclusive vacation spot for the rich and famous
The Hamptons, located on the eastern end of Long Island, New York, is an exclusive vacation spot renowned for its opulence and allure among the rich and famous. Comprising the towns of Southampton and East Hampton, this luxurious seaside resort is a historical summer colony that attracts celebrities, business magnates, and social elites. Known for its pristine beaches, upscale dining, high-end shopping, and vibrant arts scene, The Hamptons offers a perfect blend of rural charm and sophisticated living. With its grand estates, private clubs, and a serene environment, it remains a coveted retreat for those seeking privacy and luxury.
Scarsdale, New York: Affluent New York suburb with a long history of wealth
Scarsdale, New York, is an affluent suburb located in Westchester County, renowned for its long history of wealth and exclusivity. Established in 1701, this picturesque town exudes an Old World charm with its Tudor-style architecture and grand estates. Scarsdale is one of the wealthiest communities in the United States, with an average household income of $452,041. The town is home to many CEOs and corporate leaders, offering top-tier schools, upscale shopping, and a serene suburban environment. Its combination of historical significance and modern luxury makes Scarsdale a coveted address for New York’s elite.
Old Greenwich, Connecticut: Upscale Connecticut town known for its estates
Old Greenwich, Connecticut, is an upscale coastal village known for its grand estates and affluent residents. Situated in Fairfield County, this charming neighborhood is part of the larger town of Greenwich and boasts a rich history dating back to its founding in 1640. With its picturesque streets, historic homes, and proximity to Long Island Sound, Old Greenwich offers a serene and luxurious lifestyle. The area is highly sought after by CEOs and corporate leaders who appreciate its blend of small-town charm and easy access to New York City. The community’s exclusive amenities, top-rated schools, and beautiful beaches make it a prime location for those seeking both prestige and tranquility.
Lake Tahoe, Nevada: Resort area with sky-high property values attracting celebrities and billionaires
Lake Tahoe, Nevada, is a renowned resort area that attracts celebrities and billionaires with its stunning natural beauty and sky-high property values. Nestled within the Sierra Nevada mountain range, this exclusive enclave offers a unique blend of luxury and seclusion. The Nevada side of Lake Tahoe is particularly appealing due to its favorable tax benefits, including no income, social security, or estate taxes. High-profile developments like Clear Creek Tahoe and Tahoe Beach Club provide residents with private beach access, world-class amenities, and breathtaking views. The area’s real estate market has surged, driven by affluent buyers seeking spacious, tax-friendly retreats, making Lake Tahoe a prime destination for the wealthy elite.
Highland Park, Texas: Dallas’ most affluent neighborhood
Highland Park, Texas, is Dallas’ most affluent neighborhood, renowned for its extreme wealth and exclusivity. Located just three miles north of downtown Dallas, this picturesque residential area is home to a remarkable assortment of luxury residences, including Mediterranean, Colonial, Georgian, and Tudor-style homes, many of which were built in the early 20th century and feature modern amenities. Highland Park boasts top-rated schools, lush public green spaces, and the high-end shopping destination, Highland Park Village. With a median household income of $234,427 and an average home price of $7.3 million, Highland Park is a sought-after enclave known for its beauty, sophistication, and proximity to Dallas’ cultural and economic hubs.
Colts Neck Township, New Jersey: Area of sprawling estates and equestrian properties favored by celebrities
Colts Neck Township, New Jersey, is an affluent area known for its sprawling estates and equestrian properties, making it a favored locale for celebrities and high-net-worth individuals. Located in Monmouth County within the New York Metropolitan Area, this picturesque township offers a blend of rural charm and luxurious living. With a population of around 9,957, Colts Neck is characterized by its expansive properties, top-rated schools, and a strong sense of community. The area’s serene environment, combined with its proximity to New York City, makes it an ideal retreat for those seeking privacy and exclusivity amidst natural beauty.
Rolling Hills, California: Gated community in Los Angeles popular with celebrities
Rolling Hills, California, is an exclusive gated community located on the scenic Palos Verdes Peninsula in Los Angeles County. Known for its extreme privacy and luxurious living, this enclave is popular with celebrities and high-net-worth individuals. The community features approximately 700 homes, each situated on multi-acre lots, often designed in single-story ranch or Spanish hacienda styles. With its private roads, equestrian trails, and breathtaking views of the coastline and Los Angeles skyline, Rolling Hills offers a serene and secure environment. The area’s strict zoning laws and 24/7 guarded entrances ensure a high level of seclusion and exclusivity, making it one of the most desirable addresses in Southern California.
Napa Valley, California: Wine country estates can be quite valuable
Napa Valley, California, is a renowned wine country destination known for its valuable estates and luxurious living. This picturesque region, famous for its world-class vineyards and wineries, attracts affluent individuals and celebrities seeking serene and opulent lifestyles. The area’s real estate market features sprawling vineyard estates, modern architectural jewels, and grand homes with breathtaking views of the rolling hills and lush landscapes. With its combination of natural beauty, exclusive amenities, and a thriving wine industry, Napa Valley offers a unique blend of rural charm and high-end sophistication, making it a prime location for those seeking both luxury and tranquility.
Nantucket, Massachusetts: Luxury island community
Nantucket, Massachusetts, is a luxury island community renowned for its serene beauty and exclusivity. Located about 30 miles off the coast of Massachusetts, this historic whaling island has transformed into a summer retreat for the uber-wealthy, attracting celebrities, business magnates, and high-net-worth individuals. Known as “Billionaires’ Isle,” Nantucket offers a unique blend of small-town charm and sophisticated living, with its grand estates, pristine beaches, and high-end amenities. Despite its affluence, the island maintains a grounded and civil atmosphere, where genuine community connections are valued over displays of wealth. With limited real estate and a strong preservation ethos, Nantucket remains a coveted destination for those seeking privacy and luxury.
Bronxville, New York: Another affluent New York suburb
Bronxville, New York, is an affluent suburb located in Westchester County, just 15 miles north of Midtown Manhattan. Known for its picturesque, one-square-mile village, Bronxville boasts a high concentration of wealth, with a median home value of $2.33 million, making it one of America’s most expensive suburbs. The area is characterized by its charming downtown, tree-lined streets, and historic Tudor-style homes. Residents enjoy a strong sense of community, top-rated schools, and convenient access to New York City via a short train ride. With its blend of small-town charm and proximity to urban amenities, Bronxville is a highly sought-after location for affluent families and professionals.
Paradise Valley, Arizona: Phoenix area luxury community
Paradise Valley, Arizona, is a luxury community nestled between Phoenix and Scottsdale, renowned for its opulent homes and affluent residents. This exclusive enclave spans approximately 15.5 square miles and is characterized by its stunning custom-built mansions, many of which are situated on expansive lots with breathtaking views of the surrounding mountains. Known as Arizona’s wealthiest area, Paradise Valley attracts celebrities, business magnates, and high-net-worth individuals who seek privacy and luxury. The community offers world-class amenities, including upscale shopping, fine dining, prestigious resorts, and private clubs, making it a prime destination for those desiring a sophisticated and serene lifestyle.
Hudson Valley, New York: Large region with significant income variations within
Hudson Valley, New York, is a large and diverse region known for its significant income variations. Stretching from the outskirts of New York City to the rural areas upstate, the region encompasses affluent communities like Tuxedo Park and East Fishkill, where median household incomes can exceed $250,000, as well as less wealthy areas such as the cities of Hudson and Newburgh, with median incomes around $46,000 to $48,000. This economic disparity is reflected in the varied cost of living and housing prices across the region, making Hudson Valley a unique blend of luxury estates and more modest living conditions. Despite these differences, the area is celebrated for its scenic beauty, historic charm, and proximity to both urban and rural amenities.
Chicago, Illinois: Major city with a mix of income levels
Chicago, Illinois, is a major city characterized by a diverse mix of income levels and significant economic disparities. With a population of approximately 2.72 million, the median household income in Chicago is around $71,673, but this figure masks substantial variations across different neighborhoods. Affluent areas like the Gold Coast and Lincoln Park boast high property values and attract wealthy residents, while other parts of the city, such as the South and West Sides, face economic challenges and lower median incomes. This economic diversity is reflected in the city’s vibrant cultural landscape, offering a blend of luxury living and working-class communities, making Chicago a microcosm of broader American socioeconomic dynamics.
Baltimore, Maryland: Major city with a lower average income than others on this list
Baltimore, Maryland, is a major city with a lower average income compared to other affluent areas. With a median household income of $58,349 in 2022, Baltimore’s income levels are significantly below the state average of $94,991. The city is characterized by a diverse population and notable economic disparities, with affluent neighborhoods juxtaposed against areas facing economic challenges. Despite its lower average income, Baltimore is home to prestigious institutions like Johns Hopkins University and offers a rich cultural and historical heritage. The city’s real estate market features a mix of affordable housing and high-value properties, reflecting its varied economic landscape.
