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Location: Miami (prev. NY, Atlanta, SF, OC and San Diego)
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The North Shore of Long Island (aka Gold Coast) was the inspiration for F Scott Fitzgerald’s, “The Great Gatsby”. It was also mentioned and featured in “The Wolf of Wall Street”, with Old Brookville being home to Jordan Belfort.
The North Shore of Long Island has long been called the Gold Coast, for well over a hundred years. More recently the Hudson waterfront of New Jersey has taken on the name. Now Fairfield is the Gold Coast as well? I guess anyplace with alot of wealthy people is going to be called the Gold Coast in the future lol.
Sorry, but at both the city and the metro level, San Francisco just about laps it, and Boston also tops New York.
City income figures:
New York, $43,046 per capita income, $69,407 MHI
Boston, $48,978 per capita income, $79,018 MHI
San Francisco, $75,084 per capita income, $123,859 MHI
Figures for the metro level:
New York-Newark-Jersey City, NY-NJ-CT-PA, $46,241 per capita, $83,160 MHI
Boston-Cambridge-Newton, MA-NH, $50,421 per capita, $94,430 MHI
San Francisco-Oakland-Berkeley, $60,223 per capita, $114,696 MHI
(2019 ACS 1-year data from U.S. Census Bureau via Census Reporter)
Note also that San Francisco is its own "affluent suburb": the rest of the Bay Area drags the numbers down.
Actually, the Bridgeport-Stamford-Norwalk metro (which is a separate MSA from NYC) is the wealthiest metro in the nation.
And overall, Boston may top NY, but NYC’s 1% is far, far more wealthy than Boston’s 1%. That’s how you look at where the real money is.
Agreed. People dont realize how rich CT is. Of course looking at Long Island (ew) + Westchester County, Boston will come in tops. But when you throw in the Gold Coast.. whole other conversation.
Agreed. People dont realize how rich CT is. Of course looking at Long Island (ew) + Westchester County, Boston will come in tops. But when you throw in the Gold Coast.. whole other conversation.
For now, at least. The extreme wealthy in CT are flocking to Palm Beach County, FL in droves.
For now, at least. The extreme wealthy in CT are flocking to Palm Beach County, FL in droves.
Makes sense. Was looking at CT, but the taxes are actually way too high for the quality of services CT provides. Granted, prices are lower there. I htink mmy $25,000 car is like $900 a year in Mill Rate Prop Tax. Yikes.
But the wealthy of NYC are buying up the Gold coast of CT. I keep hearing that much, and that prices are way up there.
Eh, some. Many stats have been released showing the income of those replacing outbound CT residents is 20% less. There’s been a drop in CT income tax revenue (and a substantial rise in Palm Beach County, FL income). Things don’t look great for the prestigious suburbs. Not dire, but not great.
Quote:
Originally Posted by masssachoicetts
Makes sense. Was looking at CT, but the taxes are actually way too high for the quality of services CT provides. Granted, prices are lower there. I htink mmy $25,000 car is like $900 a year in Mill Rate Prop Tax. Yikes.
And the states vilification of the wealthy by penalizing success (mansion tax [which applies to homes much smaller than mansions], luxury car tax, terrible income tax structure) is just pushing them out.
Stop giving Lake Wallenpaupack real estate agents ideas.
The houses on Lake Wallenpaupack simply aren't grand enough. But you're right, that won't keep the real estate agents from trying.
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