What Is The Richest Metropolis In Pennsylvania? Newest Census Knowledge Reveals The Particulars

In a latest examine, 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 to be able to establish the richest cities in Pennsylvania. The way in which we evaluated and scored every metropolis’s rating is detailed beneath. Learn on to seek out out what the richest metropolis in Pennsylvania is, plus the highest 50 wealthiest cities within the state general.

What Are the Richest Cities in Pennsylvania?

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

• Median family earnings
• Imply (common) family earnings
• Median residence worth
• Median property taxes paid

In relation to Census knowledge, for sure elements its numbers have higher limits. For instance, for median family earnings, the Census Bureau has an higher restrict of “$250,000+”. For median residence 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 earnings dataset is essential as a result of the Census Bureau has precise figures for it. All 4 of those metrics had been scored, added up, after which ranked by the cities’ mixed scores.

Beneath 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 earnings is $228,000, whereas its imply family earnings of $381,964, is the best in Pennsylvania. The reported median residence worth in Sewickley Heights can also be the best in our examine, at $947,600, and its median property taxes paid exceeds $10,000 per yr. Not surprisingly for the richest metropolis in Pennsylvania, in response to Data USA, the principle 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 Providers (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, residence to Villanova College, one of many top colleges in Pennsylvania. Villanova has 802 complete households and a median family earnings in extra of $250,000, the one metropolis in our examine to have this attribute. Like Sewickley Heights, the median property taxes paid per yr is in extra of $10,000, whereas the median residence worth in Villanova is $780,200. The common family earnings in Villanova is the second highest in Pennsylvania, at $344,997, which is round $37,000 lower than Sewickley Heights’ common earnings.

Coming in because the No. 3 richest metropolis in Pennsylvania is Fox Chapel, a borough of greater than 1,700 households, positioned within the Pittsburgh metro space like No. 1 Sewickley Heights. Fox Chapel has the second highest median family earnings, at $247,930, and the third highest imply family earnings, at $341,148. The reported median residence worth in Fox Chapel is $769,300, with the median property taxes paid per yr being in extra of $10,000. The borough’s employment breakdown is much like Sewickley Heights’ breakdown. In line with Data USA, Administration Occupations employs the best share 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 principle ones in Fox Chapel are Well being Care & Social Help (24.3% of the workforce), Skilled, Scientific, & Technical Providers (15.5% of the workforce), and Manufacturing (9.6% of the workforce).

The fourth richest metropolis in Pennsylvania is Merion Station, an unincorporated neighborhood 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 earnings of $233,340, Merion Station has the third highest median earnings in Pennsylvania, whereas its common family earnings of $288,309 is the fifth highest. The median residence worth is a reported $693,800, with the median property taxes paid yearly exceeding $10,000.

The No. 5 richest metropolis in Pennsylvania is yet one more suburb of Pittsburgh — Edgeworth. Proper next-door to Sewickley Heights, Edgeworth has a median family earnings of $190,000, which is the eighth highest within the examine; nevertheless, its imply family earnings 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 residence worth is $628,000. The financial panorama in Edgeworth is much like each Fox Chapel and Sewickley Heights. In line with Data USA, the highest industries by way of employment are Well being Care & Social Help (19.8% of the workforce), Skilled, Scientific, & Technical Providers (17.8% of the workforce), and Instructional Providers (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, positioned in Union County. The median family earnings in Franklin Park is $142,850, whereas its imply family earnings is $186,411.