Standing as the world’s largest economy, the United States of America has achieved immense progress in the fields of science, agriculture, trade, industries and is one of the global leaders at the moment. The United States of America is comprised of a total of 50 states. The US is globally recognized for its advanced technology and for its vivid cultural heritage. Being the biggest economy in the world with a nominal GDP of around 75 million USD, being benefited by its phenomenal availability of natural resources, the US houses many of the richest cities in the world, which are the economic, cultural capitals of the country.
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Here’s the list of top 10 richest Cities in USA
10. New York City, NY
New York City is the most populous city in the US. NYC is the global hub of business and commerce. Many companies including those in Fortune 500 and multinational companies are headquarter in NYC. Real Estate is the major driving force behind city’s economy. New York’s most important economic sector lies in the WALL STREET. New York is also blooming with many start up companies these days. NYC also has a per capita GDP of 62,239 USD.
9. Washington D.C.
Washington D.C. is the capital of the US. The main employer is the federal government which accounts for almost 29% of the total jobs in Washington. The district holds many foreign embassies and monetary organisations like the World Bank. Washington Metropolitan Area had an unemployment rate of 6.2%; the second-lowest rate among the 49 largest metro areas in the nation. Washington has an average GDPA(per capita)of $63,000.Many industries which are not related to government is also flourishing these days in Washington.
8. Houston, TX
Houston is the most populous country in the state of Texas. With an economy based on oil Houston is recognised worldwide for its energy industry. Renewable resources like wind and solar powers are also growing. Houston is also oil field equipment building hub. Houston’s ship channel is also a large part of its economy. Houston has a GDP (per capita) of $72458. And also median house Hold income of $60480.
7. Durham-Chapel Hill, NC
North Carolina’s Durham-Chapel Hill with a GDP per capita of $75,563 occupies seventh position in our list. It is the home to immigrants from all parts of the world. Its research park houses more than 170 Multi-National Companies and hence the US Bureau of economic survey placed it at ninth position. With more than 35,000 high tech employees and top quality universities, it is surely a technology hub.
6. Trenton, NJ
Trenton is the state capital of New Jersey as well as the previous capital of the US. It has a per capita GDP of $74,398 and on the largest municipalities in NJ. The income per capita in NJ is $17,738 and its median house hold income of nearly 40,000 USD. With these stats, Trenton occupies sixth position on the list of Top 10 Richest Cities in USA 2017.
5. Boston, MA
Occupying the fifth position of the top ten richest cities with a per capita GDP of $74,746, Boston is also the 12th largest economy in the world. Biotech stronghold, technology, health, and education have contributed toward the growth of Boston’s economy. The median household income of Boston is $51,371.
4. Seattle, WA
Fourth in the ranking, with a per capita GDP of $75,874, Washington’s Seattle is the largest city in both the state of Washington and the Pacific Northwest region of North America. Its economy is mainly driven by technology companies, service and design companies .It has a median house hold income of 61,366 USD which makes it the fourth.
3. San Francisco, CA
San Francisco is officially the City and County of San Francisco and is the smallest county in the state. It is the most densely populated city in California. San Francisco has a diversified service economy and the Metropolitan area has grown from a per capita income of $62,339 in 2008 all the way to $80,643 in 2014.The median house hold income is around $44,000, making it the third richest city in the US.
2. Bridge Port, Connecticut
Bridge Port is the City with highest population in California, stands second in the list with GMP of $94,389(per capita). After the decline of industrial sector in Bridgeport, it gradually shifted to a service based economy with healthcare, finance, and education as its main pieces. Its median house hold income is 82,614 USD, making it the second richest city in the US.
1. 2San Jose, CA
Being the largest city within the Bay Area, largest city in Northern California and largest city by population in CA, San Jose tops the list with GMP (per capita) of $105,482. San Jose has the highest concentration of High-technology engineering, computers and microprocessors are concentrated around it and hence the area is popularly known as the Silicon Valley , that houses some of the world’s biggest companies like Microsoft, Facebook and many more. With such a high GDP of $105k including Children, San Jose is the richest city in the United States of America.
This was the list of the Top 10 Richest Cities in the USA 2017. These cities have been contributing to the nation’s economy to make it one of the largest economies in the world. These cities are the commercial, cultural, occupational and economical centres in the country, producing some huge revenue for the nation.