Where the rich people live

Written By limadu on Selasa, 12 Februari 2013 | 17.42

The area of Connecticut just north of New York City -- including Bridgeport, seen here -- has the highest concentration of rich people living there. Silicon Valley is next.

NEW YORK (CNNMoney)

In America's suburbs, just over 6% of the households have incomes that put them in the top sliver of American earners, according to a study released Monday by the U.S. Census Bureau. In city centers, less than 5% of households made the cut.

Not surprisingly, the study found that rich people tend to live near major population centers.

The Bridgeport-Stamford-Norwalk area of Connecticut, a region just north of New York City that's home to many a hedge fund, has the highest concentration of wealthy households in the country -- 17.9% of those in the area bring in more than $191,469 per year. That compares to 5% of households nationwide, according to the Census Bureau.

Related: What Americans earn

Southern Connecticut was followed closely by the tech-heavy San Jose-Sunnyvale-Santa Clara region in California that's known as Silicon Valley. The Washington, D.C.-Arlington-Alexandria area came in third.

At the opposite end of the spectrum are mostly rural regions. Two statistical areas with the same name tied for having the lowest concentration of rich people -- Danville, Ill., and Danville Va. -- at 1.1%. Pine Bluff, Ark.; Steubenville, Ohio-Weirton, W.Va.; and Muskegon-Norton Shores, Mich. rounded out the bottom five.

Areas that fell outside the norm included regions in the country currently undergoing an energy boom. Counties near North Dakota's Bakken Shale, Colorado's Niobrara and Texas' Eagle Ford all had high concentrations of wealth.

The study did not take into account cost of living, which can significantly reduce or boost buying power in an area. To top of page

10 metro areas with the highest concentration of high-income households

These area are packed with households earning at least $191,469 annually, putting them in the top 5% of U.S. incomes.

Bridgeport-Stamford-Norwalk, CT 17.9%
San Jose-Sunnyvale-Santa Clara, CA 15.9%
Washington-Arlington-Alexandria, DC-VA-MD-WV 14.1%
San Francisco-Oakland-Fremont, CA 13%
Trenton-Ewing, NJ 11.6%
New York-Northern New Jersey-Long Island, NY-NJ-PA 10%
Oxnard-Thousand Oaks-Ventura, CA 9.7%
Boston-Cambridge-Quincy, MA-NH 9.7%
Boulder, CO 9.4%
Napa, CA 9.3%

Source: U.S. Census Bureau, 2007-2011 American Community Surveys

First Published: February 12, 2013: 5:36 AM ET


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