Most Popular U.S. Suburbs for Wealthy Millennials

The young and rich are ditching cities for these suburban neighborhoods.

Most Popular U.S. Suburbs for Wealthy Millennials

The first modern suburbs in the United States started in Levittown, New York, after World War II, and suburban life has continued to grow since then. Today, people are leaving cities in droves seeking the quiet comfort of the suburbs.

For many people, it's about escaping the high cost of city living. But for wealthy millennials (who are now mostly in their 30s and 40s), money isn't the problem. This demographic is willing to spend lots of money to live in places with low traffic, low population density and tons of green space.

In return, they're breathing life into spaces that have long been equated with boredom and staleness. These are the most popular suburbs in the U.S. for the young and rich.

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25. Somerset, Maryland

Suburb of: Washington, D.C.

Total population: 1,273

30s and 40s population: 30.3 percent

Median household income: $250,001

Median home value: $1.76 million

Note: Ranking and data is from moveBuddha's "25 U.S. Suburbs for the Young and Wealthy" report, realtor.com and Zillow.

Bottom Line: Somerset

Somerset is an almost hidden suburb that has purposefully been kept a secret. Low crime rates and good schools have young wealthy families moving here to escape Washington, D.C.

The suburb doesn't have any direct highways, so traffic and noise pollution are limited. There also are biking trails, parks and lots of coffee shops.

Where Somerset fails is in diversity. Despite being a suburb of a multicultural city with diplomats from all over the world, the town severely lacks racial and ethnic diversity.

24. Larchmont, New York

Suburb of: New York City

Population: 6,087

30s and 40s population: 32.2 percent

Median household income: $215,275

Median home value: $1.37 million

Bottom Line: Larchmont

Larchmont has one of the highest percentages of people in their 30s and 40s on this list. This is good if you want to live in the suburbs but don't want to be surrounded by retirees.

The high percentage of young professionals also guarantees that the town has restaurants, shops and coffee houses. There are also many green spaces for residents to enjoy.

Although Larchmont rates slightly better than Somerset in terms of diversity, it is still less diverse than the rest of America on average.

23. Sands Point, New York

Suburb of: New York

Population: 2,905

30s and 40s population: 20.4 percent

Median household income: $250,001

Median home value: $2.54 million

Bottom Line: Sands Point

Older millennials who want to leave New York City for good like Sands Point. With less than 3,000 people, the town is fairly rural and definitely quiet.

This makes it perfect for those who'd trade having lots of events for some peace and quiet. The schools in the area also rate highly, and the town has been named as one of the safest places in New York state.

Sands Point has a larger retiree population than some other suburbs, which makes it lean conservative in political matters.

22. Lloyd Harbor, New York

Suburb of: New York City

Population: 3,658

30s and 40s population: 20.4 percent

Median household income: $250,001

Median home value: $1.7 million

Bottom Line: Lloyd Harbor

Million-dollar homes are the norm in Lloyd Harbor, a town described by The New York Times as "wealthy, woodsy and very dark at night."

The town has no street lights because its residents don't want to be bothered by their neighbor's glare. And if this doesn't scream "extremely wealthy" to you, we'll tell you that the median house price is $2,695,000.

Lloyd Harbor is about an hour from New York city, but it feels like it's extremely deep in the countryside. Just not the kind where outhouses exist and power outages happen. This is the rich people kind of countryside, where all the amenities exist without any of the inconveniences.

21. Dover, Massachusetts

Suburb of: Boston

Population: 6,044

30s and 40s population: 20.5 percent

Median household income: $250,001

Median home value: $1.37 million

Bottom Line: Dover

As one of the wealthiest towns in Massachusetts, Dover offers a glimpse of how landowners lived in the past. The community still has impressive estates that are used as homes and "gentlemen's farms" — a farm operated by bored rich people who want a hobby.

The unemployment rate for the town is 1.6 percent. However, despite Boston's diverse population, Dover ranks low in this regard. The largest non-white demographic is Asians, which make up 10.5 percent of the population.

20. Bunker Hill Village, Texas

Suburb of: Houston

Population: 3,935

30s and 40s population: 21.6 percent

Median household income: $247,188

Median home value: $1.86 million

Bottom Line: Bunker Hill Village

Baseball game in Bunker Hill Village, Texas

This suburb of Houston has a median population age of 43, meaning that there are a lot of older millennials raising families here.

Ninety-six percent of people own their homes, which means that you'll probably need enough money to buy a house if you want to move to Bunker Hill Village. There are also several parks nearby, including Briarmeadow Park and Terry Hershey Park.

But the town is ranked low on walkability. So if you want to go to the park, you'll most likely have to drive there.

19. Mountain Lakes, New Jersey

Suburb of: New York

Population: 4,223

30s and 40s population: 23.8 percent

Median household income: $241,667

Median home value: $846,000

Bottom Line: Mountain Lakes

Mountain Lakes is as beautiful as its name suggests. There are six small lakes around this almost entirely residential town. But the lakes are only open to residents and guests of residents. Hey, rich people like their exclusivity.

The lakes are the main source of outdoor activities in town. You can swim at the beaches, canoe or kayak. If you're looking for something peaceful, this really is it.

Plus, there's a NJ Transit rail line that runs through town, so people can easily commute into New York.

18. Hunters Creek Village, Texas

Suburb of: Houston

Population: 4,869

30s and 40s population: 21 percent

Median household income: $250,001

Median home value: $2.02 million

Bottom Line: Hunters Creek Village

Hunters Creek Village residents playing polo

Located right outside of Houston, this wealthy suburb has residents who are truly invested in it. Though the median home price is around $2 million, 99 percent of residents are owners. That alone should give you an idea of the kind of people who live here.

The suburb does have bus stops, though we assume those are mostly for people providing services to residents. When was the last time a millionaire took the bus?

Most residents have high-paying jobs based in Houston, but we wouldn't be surprised if telecommuting gave people more excuses to avoid driving into the congested city.

17. Loyola, California

Suburb of: San Jose

Population: 3,367

30s and 40s population: 22.6 percent

Median household income: $246,563

Median home value: $4.1 million

Bottom Line: Loyola

Even for California, a state notorious for being expensive, Loyola stands out as the home of the wealthy. This forested suburb of San Jose has a median home value over $4 million and is 1,253 percent more expensive than the rest of the country.

Driving through here is basically mansion after mansion. But if you can afford it, it is a good way to get all the cool things San Jose has — mountains, historical buildings, proximity to Silicon Valley — without dealing with the city.

16. Roslyn Estates, New York

Suburb of: New York City

Population: 1,233

30s and 40s population: 21.5 percent

Median household income: $250,001

Median home value: $1.5 million

Bottom Line: Roslyn Estates

Located in northern Rhode Island, Roslyn Estates is a stone's throw from New York. Residents don't even have to telecommute, since the town is an hour away from Manhattan.

That said, this is definitely a place that caters more to fabulously wealthy retirees, with numerous golf courses surrounding it.

Disappointingly, diversity is abysmal.

15. Glencoe, Illinois

Suburb of: Chicago

Population: 8,826

30s and 40s population: 21.9 percent

Median household income: $248,851

Median home value: $1.14 million

Bottom Line: Glencoe

Chicago Botanic Garden in Glencoe, Illinois

With a median home value of $1.14 million, Glencoe is one of the more affordable towns on this list. But it's still over three times more expensive than the typical home value in the United States ($303,288), so it's out of reach for the vast majority of people.

The town ranks highly in safety, and 30 percent of the population has a master's degree. It is also home to the beautiful Chicago Botanic Garden. At this point, it's unsurprising that the only thing it rates poorly on is diversity.

14. Loudoun Valley Estates, Virginia

Suburb of: Washington D.C.

Population: 8,020

30s and 40s population: 43.9

Median household income: $184,950

Median home value: $635,000

Bottom Line: Loudoun Valley Estates

Loudon Valley Estates has one of the highest percentages of people in their 30s and 40s living there. The median age is 34, so if you're looking for millennial friends you can go on hikes with, this D.C. suburb is a good choice.

The town offers outdoors activities. Hiking or kayaking in the Potomac River are popular, and so are weekend getaways into Shenandoah National Park.

An impressive 74 percent of the population has a college degree. Even more impressive, this wealthy suburb is actually diverse, with Asians making up 57.3 percent of the population.

13. Southlake, Texas

Suburb of: Dallas/Fort Worth

Population: 32,376

30s and 40s population: 25.1

Median household income: $240,248

Median home value: $956,000

Bottom Line: Southlake

The largest city on this list, Southlake has a population of over 30,000 people. Its size allows it amenities that other suburbs lack.

For instance, there is an actual restaurant scene here, with world cuisines being represented. If you want Thai or Mexican food, you won't have to drive into Dallas for it. Though if you do want to go into the city, it'll only take you about 40 minutes.

Southlake is also home to pro athletes like Jason Witten and Jermaine O'Neal. It is among the best school districts in Texas and also hosts a number of fun events. Perhaps the most exciting event is the town's Oktoberfest celebration at the Southlake Town Square.

12. Greenville, New York

Suburb of: New York City

Population: 7,914

30s and 40s population: 26.5 percent

Median household income: $237,436

Median home value: $1.19 million

Bottom Line: Greenville

If you thought living in New York City was expensive, wait until you hear about Greenville. This Westchester County suburb is actually 69 percent more expensive than New York. Unless you're living in the Upper West Side of Manhattan, you'll actually pay more money to live here.

Not that young and wealthy New Yorkers seem to mind. Many have traded the buzz of the city for rural life in the Catskills. One of the biggest allures is the town being in the 96th percentile for safety.

If you're planning on living here, you probably need a remote job, since commuting takes about two hours each way.

11. Princeton Junction, New Jersey

Suburb of: Princeton

Population: 2,336

30s and 40s population: 29.3 percent

Median household income: $231,094

Median home value: $749,000

Bottom Line: Princeton Junction

Princeton Junction is so close to Princeton most people don't realize it's its own city.

Residents get to enjoy all the best things about Princeton — the Princeton University Art Museum, Battlefield State Park, the restaurant scene, and cultural events — without having to deal with raucous college students on the weekends.

The town is also a simple train ride away from other cities like Philadelphia and New York.

10. Ladera, California

Suburb of: San Jose

Population: 1,607

30s and 40s population: 23.3 percent

Median household income: $250,001

Median home value: $1.03 million

Bottom Line: Ladera

Ladera makes other places on this list look like they're not wealthy. Its cost of living is 314 percent than the national average, it has zero unemployment rate, and every single one of its residents owns their home. This is as exclusive as it gets.

The town is situated between San Francisco and San Jose, so it's probable that many of its residents work in Silicone Valley. This would explain how 88 percent have a college degree, with 48 percent having a master's.

9. Scarsdale, New York

Aerial view of Scarsdale city, New York State

Suburb of: New York City

Population: 17,871

30s and 40s population: 23.5 percent

Median household income: $250,001

Median home value: $995,000

Bottom Line: Scarsdale

Consistently rated as the New York town with the highest quality of life, Scarsdale is ideal for the young and wealthy. It takes a mere 35 minutes by train to get to New York City, so commuting and weekend forays into the city are easy to do.

The town is marked by Tudor Revival buildings in its downtown. If you want to know just how affluent its residents are, one of the town's most notorious events is the Concours d'Elegance, an auto show started by two high school students.

There is a significant Jewish and Japanese community, so the town is more diverse than others on here. Hispanic and Black representation, however, continue to be minimal.

8. Winnetka, Illinois

Suburb of: Chicago

Population: 12,316

30s and 40s population: 23.8 percent

Median household income: $250,001

Median home value: $1.33 million

Bottom Line: Winnetka

Winnetka has been named the second-best city to live in the U.S. And while we think city lovers would much rather enjoy amazing Chicago, those looking for a suburban experience will be happy in this suburb.

Though relatively small — Winnetka has just over 12,000 residents — there are several things to do in this town. Parks, a skating rink, a golf course, theaters, restaurants and even four beaches provide fun activities for residents.

And if you ever get bored, Chicago is just a 30-minute drive away.

7. Laurel Hollow, New York

Suburb of: New York City

Population: 2,033

30s and 40s population: 24.8 percent

Median household income: $250,001

Median home value: $1.8 million

Bottom Line: Laurel Hollow

Wealthy New Yorkers have been leaving the city for Laurel Hollow since the COVID-19 pandemic. Since 2020, the town has seen its population grow by 5.2 percent, despite not enjoying significant job growth.

The telecommuting revolution seems to be helping the town, which is located in northern Long Island near the shores of Oyster Bay.

As can be expected, schools are highly rated, crime rate is low, and you won't be able to buy a house here unless you have a million dollars.

6. West University Place, Texas

Suburb of: Houston

Population: 15,585

30s and 40s population: 25.9 percent

Median household income: $250,001

Median home value: $1.43 million

Bottom Line: West University Place

As the richest city in all of Texas, West University Place is quite proud of itself.

It is located right outside the Houston city limits, to the point where many consider it a neighborhood of the city rather than an independent town. It is very close to Rice University and the Museum of Fine Arts, Houston, which is one of the best museums in the U.S.

But what's really impressive about the community is that, despite being the richest in the state, its goods and services are less costly than the national average by a full 5 percent. It's true what they say about how being rich pays.

5. Camino Tassajara, California

Suburb of: Oakland

Population: 4,721

30s and 40s population: 32.7 percent

Median household income: $230,313

Median home value: $2.2 million

Bottom Line: Camino Tassajara

Camino Tassajara is the suburb of choice for Oaklanders who have money. The small town's median age is 45, with over 30 percent of the population being in their 30s and 40s.

This means a lot of families, but also people who are interested in bringing art, events and culture into their neighborhoods. Living here gives you access to all the cool things about San Francisco and places you in proximity to the northern wine country.

Because this is California, there's also a ton of amazing food, particularly Mexican and Asian. Local joints include Maria Maria La Cantina and Blue Line Pizza.

4. Chappaqua, New York

Chappaqua Settled by the Quakers in 1730

Suburb of: New York City

Population: 1,934

30s and 40s population: 26.2 percent

Median household income: $250,001

Median home value: $1.09 million

Bottom Line: Chappaqua

Chappaqua is a New York suburb most famous for being the home of Bill and Hillary Clinton. Other famous residents have included Vanessa Williams, Ben Stiller and Alan Arkin.

The town itself is about a single square mile, which residents say contributes to forming a tight-knit community. Commuters simply take the train into the city, spending only an hour of their time.

When they're in Chappaqua, they prefer to enjoy the nature of the Hudson Valley, which provides hiking trails and plenty of kayaking opportunities. You also can stay active at the numerous sports clubs and swimming pools in this charming village.

3. Southside Place, Texas

Suburb of: Houston

Population: 1,883

30s and 40s population: 26.3 percent

Median household income: $250,001

Median home value: $1.8 million

Bottom Line: Southside Place

Just south of West University Place, Southside Place has similar qualities as its neighboring suburb. Wealthy people under 50 move here for its proximity to the Texas Medical Center, Rice University and various museums.

The tiny suburb is almost entirely made up of tree-lined trees, a huge plus if you're going to walk outside in the Texas summer. The community considers itself welcoming, with annual block parties bringing residents together.

2. Munsey Park, New York

Suburb of: New York City

Population: 2,710

30s and 40s population: 27.8 percent

Median household income: $250,001

Median home value: $2.05 million

Bottom Line: Munsey Park

Yet another wealthy New York suburb on northern Long Island, Munsey Park was first established in the 1860s. Throughout its history, the town has slowly developed and become increasingly exclusive.

Currently, its cost of living is 233 percent more expensive than the country's average. Of course, this is part of the community's appeal for those well-to-do millennials who want time near Manhasset Bay, away from the economic diversity of the city.

1. Short Hills, New Jersey

Suburb of: New York City

Population: 13,428

30s and 40s population: 27.9 percent

Median household income: $250,001

Median home value: $1.67 million

Bottom Line: Short Hills

Suburbs in New Jersey are often given the cold shoulder by those who live in New York state. But residents of Short Hills have the last laugh, given that they are less than an hour away from Manhattan and can still enjoy a high quality of life.

The highly educated population of the town is mostly white and Asian. Residents enjoy proximity to Newark Airport and a surprisingly good nightlife and restaurant scene for the size of the town.

There also are several reservations and the Great Swamp National Wildlife Refuge in the vicinity, providing numerous year-round opportunities to enjoy the outdoors.