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Are the rich growing richer? Naples was the lone Florida city on this riches ranking.

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May 14, 2024

A woman with blonde hair and blue jacket.

The wealthy are getting richer everywhere in the United States, even in our own backyard.

The only city in Florida to make the list of cities where the rich are getting richer, according to personal finance website GOBankingRates, was Naples.

Let’s examine the results and the remaining items on the list:

Naples ranked #14 on the listAccording to GOBakingRates, the West Coast has the most growth in wealth; however, Naples came in at number 14 out of 25 cities.

Based on the report, Naples’ average household income in 2022 was $277,872, up 27.56% from 2019.

Naples also had a 20.21% rise in the proportion of households with high incomes, according to a recent article by Kendall Little of Naples Daily News

Top 10 Cities

Cities in California took up most of the top 10. This is how it’s broken down:

  1. Los Altos, CA

    1. $400,817 household income for 2022

    2. 22% increase in household income

  2. Wellesley, MA

    1. $367,801 household income for 2022

    2. 27.80% increase in household income

  3. McLean, VA

    1. $364,093 household income for 2022

    2. 22.76% increase in household income

  4. Los Gatos, CA

    1. $305,653 household income for 2022

    2. 40.23% increase in household income

  5. Southlake, TX

    1. $360,078 household income for 2022

    2. 20.17% increase in household income

  6. Saratoga, CA

    1. $329,142 household income for 2022

    2. 27.85% increase in household income

  7. Menlo Park, CA

    1. $316,584 household income for 2022

    2. 31.24% increase in household income

  8. Cupertino, CA

    1. $283,063 household income for 2022

    2. 37.40% increase in household income

  9. Palo Alto, CA

    1. $301,226 household income for 2022

    2. 29.54% increase in household income

  10. Lafayette, CA

    1. $312,233 household income for 2022

    2. 24.62% increase in household income

This article originally appeared on Naples Daily News