The rich getting richer? Naples was the only Florida city to make this list about wealth
In some areas of the United States, the rich are just getting richer ― including here in our backyard.
Naples was the only Florida city to make personal finance site GOBankingRates' list of places where the rich are getting richer.
Let's take a look at the findings and the rest of the list:
Naples ranked #14 on the list
GOBakingRates found that most growing wealth is found on the West Coast, but Naples ranked No. 14 out of the 25 cities on the list.
The study found that the average 2022 household income in Naples was $277,872, which was a 27.56% increase since 2019.
Naples also had a 20.21% increase in the number of high earning households.
More: Top 3 IRS cases: Naples man makes the 2023 list by hiding millions
What cities made the top 10?
California cities dominated the top 10. Here's the breakdown.
Los Altos, CA
$400,817 household income for 2022
22% increase in household income
Wellesley, MA
$367,801 household income for 2022
27.80% increase in household income
McLean, VA
$364,093 household income for 2022
22.76% increase in household income
Los Gatos, CA
$305,653 household income for 2022
40.23% increase in household income
Southlake, TX
$360,078 household income for 2022
20.17% increase in household income
Saratoga, CA
$329,142 household income for 2022
27.85% increase in household income
Menlo Park, CA
$316,584 household income for 2022
31.24% increase in household income
Cupertino, CA
$283,063 household income for 2022
37.40% increase in household income
Palo Alto, CA
$301,226 household income for 2022
29.54% increase in household income
Lafayette, CA
$312,233 household income for 2022
24.62% increase in household income
More: Florida rent: New data shows decrease in state rent along with Naples rent. What to know
What was the study's methodology?
GOBankingRates took the 100 cities with the highest mean household income from a survery by the U.S. Census Bureau.
For each city, the finance site found these six things:
2019 mean household income
2022 mean household income
Three-year percent change in mean household income
2019 percent of population with a household income of over $200,000
2022 percent of population with a household income of over $200,000
Three-year percent change in population with a household income of over $200,000
GOBankingRates then scored the cities based on their results.
This article originally appeared on Naples Daily News: Naples ranks in a list of places where the rich are getting richer
