What Is The Richest City In Pennsylvania? Latest Census Data Reveals The Details

In a current research, we analyzed and recognized the richest cities in New Jersey primarily based on scoring a number of key monetary elements. This time round, we’re taking a look at New Jersey’s neighbor to the west — Pennsylvania, the Keystone State.

We analyzed over 17,00 cities within the state with the intention to establish the richest cities in Pennsylvania. The way in which we evaluated and scored every metropolis’s rating is detailed under. Learn on to seek out out what the richest metropolis in Pennsylvania is, plus the highest 50 wealthiest cities within the state total.

What Are the Richest Cities in Pennsylvania?

So as to assemble an inventory of the richest cities in Pennsylvania, we pulled knowledge from the Census Bureau’s 2022 American Neighborhood Survey, and we constructed a four-factor scoring system to assist establish the wealthiest cities in Pennsylvania:

• Median family revenue
• Imply (common) family revenue
• Median house worth
• Median property taxes paid

With regards to Census knowledge, for sure elements its numbers have higher limits. For instance, for median family revenue, the Census Bureau has an higher restrict of “$250,000+”. For median house worth, the higher restrict is “$2,000,000+”. Lastly, for median property taxes paid, the higher restrict is “$10,000+”. For these causes, the imply or common family revenue dataset is crucial as a result of the Census Bureau has actual figures for it. All 4 of those metrics have been scored, added up, after which ranked by the cities’ mixed scores.

Under you’ll discover a desk detailing the highest 50 richest cities in Pennsylvania and their respective greenback figures for every metric:

The No. 1 richest metropolis in Pennsylvania in our rating is Sewickley Heights, a borough composed of simply 276 households, located within the Pittsburgh metro space. In Sewickley Heights, the median family revenue is $228,000, whereas its imply family revenue of $381,964, is the very best in Pennsylvania. The reported median house worth in Sewickley Heights can be the very best in our research, at $947,600, and its median property taxes paid exceeds $10,000 per 12 months. Not surprisingly for the richest metropolis in Pennsylvania, in keeping with Knowledge USA, the primary occupation by employment is Administration Occupations, accounting for 27.5% of the workforce, adopted by Well being Diagnosing & Treating Practitioners & Different Technical Occupations, which accounts for 16.8% of the workforce. The highest three industries in Sewickley Heights are Skilled, Scientific, & Technical Companies (17.9% of the workforce), Manufacturing (16.8% of the workforce), and Well being Care & Social Help (16.2% of the workforce).

The second richest metropolis in Pennsylvania is Villanova, which is a suburb of Philadelphia and, unsurprisingly, house to Villanova College, one of many prime schools in Pennsylvania. Villanova has 802 complete households and a median family revenue in extra of $250,000, the one metropolis in our research to have this attribute. Like Sewickley Heights, the median property taxes paid per 12 months is in extra of $10,000, whereas the median house worth in Villanova is $780,200. The typical family revenue in Villanova is the second highest in Pennsylvania, at $344,997, which is round $37,000 lower than Sewickley Heights’ common revenue.

Coming in because the No. 3 richest metropolis in Pennsylvania is Fox Chapel, a borough of greater than 1,700 households, situated within the Pittsburgh metro space like No. 1 Sewickley Heights. Fox Chapel has the second highest median family revenue, at $247,930, and the third highest imply family revenue, at $341,148. The reported median house worth in Fox Chapel is $769,300, with the median property taxes paid per 12 months being in extra of $10,000. The borough’s employment breakdown is just like Sewickley Heights’ breakdown. In keeping with Knowledge USA, Administration Occupations employs the very best proportion of the workforce, at 23.4%, adopted by Well being Diagnosing & Treating Practitioners & Different Technical Occupations, at 21.6%. Trying on the top-employing industries, the primary ones in Fox Chapel are Well being Care & Social Help (24.3% of the workforce), Skilled, Scientific, & Technical Companies (15.5% of the workforce), and Manufacturing (9.6% of the workforce).

The fourth richest metropolis in Pennsylvania is Merion Station, an unincorporated group in Decrease Merion Township and a part of the Philadelphia Foremost Line. Merion Station is a bit bigger than the highest three richest cities in Pennsylvania, having 1,847 complete households. With a median family revenue of $233,340, Merion Station has the third highest median revenue in Pennsylvania, whereas its common family revenue of $288,309 is the fifth highest. The median house worth is a reported $693,800, with the median property taxes paid yearly exceeding $10,000.

The No. 5 richest metropolis in Pennsylvania is one more suburb of Pittsburgh — Edgeworth. Proper next-door to Sewickley Heights, Edgeworth has a median family revenue of $190,000, which is the eighth highest within the research; nonetheless, its imply family revenue of $307,396 is the fourth highest in Pennsylvania. Like all the highest 5 richest cities in Pennsylvania, the median property taxes paid yearly in Edgeworth is in extra of $10,000, whereas its reported median house worth is $628,000. The financial panorama in Edgeworth is just like each Fox Chapel and Sewickley Heights. In keeping with Knowledge USA, the highest industries by way of employment are Well being Care & Social Help (19.8% of the workforce), Skilled, Scientific, & Technical Companies (17.8% of the workforce), and Academic Companies (11.1% of the workforce).

Out of the highest 50 richest cities in Pennsylvania, the most important is Franklin Park, which has 5,445 households and a inhabitants of over 15,000. Franklin Park, like most of the wealthiest cities in Pennsylvania, is within the Pittsburgh metro space, situated in Union County. The median family revenue in Franklin Park is $142,850, whereas its imply family revenue is $186,411.