What makes a city wealthy and desirable? In Wisconsin, several cities stand out for their affluence, high median household incomes, and valuable real estate. These cities offer a blend of economic stability, excellent community services, and a high quality of life. From the serene village of Merton to the picturesque community of Bristol, each city has its unique charm and economic drivers.
This article delves into the richest cities in Wisconsin, exploring their economic landscapes, community features, and what makes them some of the most sought-after places to live in the state. Discover the wealth and allure of Wisconsin’s finest cities.
| City | Median Household Income | Median Home Value | Key Economic Drivers | Notable Features |
|---|---|---|---|---|
| Merton | $159,577 | $623,419 | High-paying jobs, real estate | Upscale neighborhoods, high demand |
| Whitefish Bay | $134,324 | High | Retail, healthcare, services | Strong community, excellent schools |
| Mequon | $135,425 | High | Diverse businesses, industries | Business parks, cultural amenities |
| Summit | High | High | Manufacturing, healthcare | Top-rated schools, parks |
| Elm Grove | $115,000 | High | Various businesses, industries | Forested streets, low crime rates |
| Waunakee | High | High | Diverse industries | Vibrant community, family-friendly |
| Bayside | High | High | Various industries | Serene atmosphere, upscale areas |
| Fox Point | $121,000 | High | Various industries | Peaceful atmosphere, parks |
| Richfield | High | High | Manufacturing, healthcare | Top-rated schools, parks |
| Bristol | High | High | Various industries | Safe environment, family-friendly |
10 Richest Cities In Wisconsin
1. Merton
Overview of Merton’s Wealth
Merton, located in Waukesha County, is recognized as the richest city in Wisconsin. This affluent community boasts a high median household income and impressive home values, making it a prime location for those seeking a prosperous lifestyle.
Key Economic Drivers
The economic success of Merton is driven by a combination of high-paying jobs, a robust local economy, and a strong real estate market. The presence of various businesses and industries contributes significantly to the wealth of the residents.
Median Household Income and Home Values
Merton’s median household income stands at $159,577, while the median home value is $623,419. These figures highlight the city’s economic prosperity and the high standard of living enjoyed by its residents.
Notable Neighborhoods and Real Estate Trends
Merton features several upscale neighborhoods known for their luxurious homes and well-maintained properties. The real estate market in Merton is characterized by high demand and steadily increasing property values, reflecting the city’s desirability.
2. Whitefish Bay
Introduction to Whitefish Bay
Whitefish Bay is a picturesque village located on the shores of Lake Michigan. Known for its beautiful tree-lined streets and strong sense of community, it is one of the wealthiest cities in Wisconsin.
Community and Lifestyle
The community in Whitefish Bay is tight-knit, with residents enjoying a variety of local events, parks, and recreational activities. The village offers a safe and family-friendly environment, making it an attractive place to live.
Economic Indicators
Whitefish Bay has a median household income of $134,324. The local economy is supported by a mix of retail, healthcare, and professional services, contributing to the overall wealth of the area.
Education and Schools
The village is home to exceptional schools, which are a significant draw for families. The emphasis on education is evident, with high graduation rates and excellent academic performance.
3. Mequon
Mequon’s Economic Landscape
Mequon, situated in Ozaukee County, is the richest city in Wisconsin by median household income. The city’s economy is diverse, with a strong presence of businesses and industries that provide ample employment opportunities.
Median Income and Property Values
The median household income in Mequon is $135,425, and the median home value is substantial, reflecting the city’s affluence. These figures underscore the economic strength of Mequon.
Business and Employment Opportunities
Mequon hosts over 1,000 businesses, including two business parks. The city offers a variety of employment opportunities in sectors such as healthcare, education, and professional services.
Recreational and Cultural Amenities
Residents of Mequon enjoy numerous parks, nature preserves, and cultural amenities. The scenic Milwaukee River and various recreational facilities contribute to a high quality of life.
4. Summit
Overview of Summit’s Affluence
Summit is another affluent community in Wisconsin, known for its high median household income and valuable real estate. The town’s economic prosperity is evident in its well-maintained neighborhoods and public amenities.
Key Economic Sectors
The local economy in Summit is supported by a mix of industries, including manufacturing, healthcare, and retail. These sectors provide stable employment and contribute to the town’s wealth.
Real Estate Market Analysis
Summit’s real estate market is characterized by high property values and a strong demand for housing. The median home value in Summit is reflective of the town’s affluence and desirability.
Community Services and Infrastructure
Summit offers excellent community services and infrastructure, including top-rated schools, parks, and recreational facilities. These amenities enhance the quality of life for residents.
5. Elm Grove
Elm Grove’s Wealth Profile
Elm Grove, located in Waukesha County, is one of the wealthiest cities in Wisconsin. The town is known for its forested streets, manicured homes, and low crime rates, making it a desirable place to live.
Income and Housing Statistics
The median household income in Elm Grove is $115,000, and the median home value is significant, reflecting the town’s economic prosperity. These statistics highlight the affluence of Elm Grove.
Local Economy and Employment
Elm Grove’s local economy is supported by a variety of businesses and industries, providing ample employment opportunities for residents. The town’s economic stability is a key factor in its wealth.
Quality of Life and Community Features
Residents of Elm Grove enjoy a high quality of life, with access to excellent schools, parks, and recreational facilities. The town’s community features contribute to its overall desirability.
6. Waunakee
Introduction to Waunakee
Waunakee is a prosperous village located in Dane County. Known for its strong community spirit and high standard of living, Waunakee is one of the richest cities in Wisconsin.
Economic Overview
The local economy in Waunakee is diverse, with a mix of industries that provide stable employment opportunities. The village’s economic success is reflected in its high median household income.
Median Household Income and Housing Market
Waunakee boasts a median household income that is well above the national average. The housing market is strong, with high property values and a steady demand for homes.
Community and Lifestyle
The community in Waunakee is vibrant, with residents enjoying a variety of local events, parks, and recreational activities. The village offers a safe and family-friendly environment, making it an attractive place to live.
7. Bayside
Bayside’s Economic Status
Bayside is an affluent village located in Milwaukee County. Known for its serene atmosphere and upscale residential areas, Bayside is one of the wealthiest cities in Wisconsin.
Income and Property Values
The median household income in Bayside is substantial, and the property values are high, reflecting the village’s economic prosperity. These figures highlight the affluence of Bayside.
Business Environment
The local business environment in Bayside is robust, with a variety of industries providing employment opportunities. The village’s economic stability is a key factor in its wealth.
Community Amenities and Services
Bayside offers excellent community amenities and services, including top-rated schools, parks, and recreational facilities. These features enhance the quality of life for residents.
8. Fox Point
Fox Point’s Wealth Indicators
Fox Point is a wealthy village located on the North Shore of Milwaukee County. Known for its peaceful atmosphere and upscale residential areas, Fox Point is one of the richest cities in Wisconsin.
Economic and Employment Data
The median household income in Fox Point is $121,000, and the local economy is supported by a variety of industries that provide stable employment opportunities.
Real Estate and Housing Trends
The real estate market in Fox Point is characterized by high property values and a strong demand for housing. The village’s affluent neighborhoods are a testament to its economic success.
Community and Recreational Facilities
Residents of Fox Point enjoy access to numerous parks, recreational facilities, and community events. These amenities contribute to the high quality of life in the village.
9. Richfield
Richfield’s Economic Profile
Richfield is an affluent village located in Washington County. Known for its high median household income and valuable real estate, Richfield is one of the wealthiest cities in Wisconsin.
Median Income and Home Values
The median household income in Richfield is substantial, and the property values are high, reflecting the village’s economic prosperity. These figures highlight the affluence of Richfield.
Key Industries and Employment
The local economy in Richfield is supported by a mix of industries, including manufacturing, healthcare, and retail. These sectors provide stable employment and contribute to the village’s wealth.
Community Life and Services
Richfield offers excellent community services and amenities, including top-rated schools, parks, and recreational facilities. These features enhance the quality of life for residents.
10. Bristol
Overview of Bristol’s Affluence
Bristol is a prosperous village located in Kenosha County. Known for its high median household income and valuable real estate, Bristol is one of the richest cities in Wisconsin.
Economic and Income Data
The median household income in Bristol is substantial, and the property values are high, reflecting the village’s economic prosperity. These figures highlight the affluence of Bristol.
Real Estate Market Insights
The real estate market in Bristol is characterized by high property values and a strong demand for housing. The village’s affluent neighborhoods are a testament to its economic success.
Community and Lifestyle Features
Residents of Bristol enjoy a high quality of life, with access to excellent schools, parks, and recreational facilities. The village offers a safe and family-friendly environment, making it an attractive place to live.