Michigan: This is the Richest Small Town in the State
I personally love America’s small towns, and I enjoy seeing them get praise and fanfare. When it comes to being named the best this or that, why should the big cities get all the fun? Now, one town has been named the richest small town in Michigan. Okay, that’s not really making a “best-of” list, but it’s still very interesting.
GoBankingRates has released a new study naming the richest small towns in America. “When you think of richest locations in the U.S., places like San Francisco, New York and Beverly Hills might come to mind,” they mention in the study. “But prosperity and affluence aren’t only thriving among the glitz and glamour of big cities. Instead, pockets of wealth can be found in the nation’s quieter communities and small towns. And for some, living in a small town can be the best financial decision ever.”
To conduct this research, GOBankingRates analyzed U.S. Census Bureau income data in locations in every state with 500 to 15,000 households to figure out the richest small towns in America. Then, they ranked them from lowest to highest income. The one state they didn’t include was Alaska, because of a lack of sufficient data.
So, what’s the richest small town in Michigan? That honor goes to Orchard Lake Village City. There, they have a median income of $203,750. Orchard Lake Village City is located in Oakland County and is a northern suburb of Detroit. It’s about 27 miles from downtown Detroit and close to Pontiac. Find the full list of the richest small towns in America via GoBankingRates here.