Have you ever wondered what towns make up the wealthiest in Pennsylvania? Well, we have your answer.
The staffers at Suburbs101.com have put together a list of the six wealthiest towns in Pennsylvania. “Pennsylvania is home to some of the wealthiest Americans in the country,” they state in the article. “In fact, some of the wealthiest billionaires live in Pennsylvania including Victoria Mars (Mars candy) and self-made billionaires such as Michael Rubin and Jeff Yass. Here are the top 6 wealthiest towns in Pennsylvania. The information presented in this article are based on data from the US Census American Community Survey and the rankings are based on median household income.”
So, what town is No. 1? According to the study, it’s Villanova, which is located in Montgomery County and Delaware County. Of the city, Suburbs101.com states, “Home to some of the most affluent residents of Pennsylvania, Villanova has a median household income of over $250,000. The median home value in Villanova is $750,000. The homes in Villanova are primarily owner-occupied with 94.4% owner-occupied and only 5.6% rentals.” The continue, “Villanova residents are well educated with 83.9% of residents having obtained a bachelor’s degree or higher. Villanova residents live a good work-life balance with an average commute time of 18.5 minutes.”
No. 2 on the tally is Fox Chapel, followed by Merion Station, West Pikeland, West Vincent and Edgeworth. Those cities make up the six wealthiest in all of Pennsylvania. If you’re on a budget when it comes to home buying, you might want to avoid those spots. Find the full list of the wealthiest towns in Pennsylvania here.