TOP TEN RICHEST CITIES IN CALIFORNIA 2018

TOP 10 RICHEST CITIES IN CALIFORNIA 2018

California, a western U.S state in the pacific region, noted for so many sterling records. The State is the most populous U.S state at 39.5million (2017 est.) and boasts of an economy of $1.75 trillion making it the largest economy in the US, and the 5th in the world, only behind countries; United states, China, Japan and Germany. So, why the top 10 richest cities in California? its home to 4 out of the world ten largest companies by market capitalization. Its economy is multi-diverse from services, to export commerce to an agricultural economy.

OVERVIEW OF THE CITY

The agriculture industry in California is so vibrant that it records the highest output of any state. California is famous for many other things from being the pioneer in pop culture-as the Centre of the hippie counterculture; film industry-as the seat of Hollywood and Disneyland and innovation-as the seat of Silicon Valley, world leading technology hub. Its popular cities include Sacramento(capital), Bakersfield, Los Angeles, Palm spring, San Francisco, San Jose, Santa Cruz etc.

Calculating the top wealthiest cities in California involves considering many indices apart from personal income. What makes the a city that is used in the analysis? A city is a place with a population of 5,000 people. To arrive at this rank, 427 of such places in California were compared with the 3 indices of poverty level, median household income and unemployment rate tallied from the census data of the American community survey from 2012-2016 and an average was calculated to get the rank list with the city with the lowest average score ranked the wealthiest. In California, City and town are used synonymously.

TOP 10 RICHEST CITIES IN CALIFORNIA 2018

  • #1. LOS ALTOS

This city is the richest city in California and the fifth wealthiest city in the US. It is a city in Santa Clara County, in the Northern Silicon Valley in the San Francisco Bay area. The city was incorporated on December 1,1952.

Administratively, the city operates a city council-manager government, with the council administered by the City mayor, while the council appoints the city manager. The city falls under the California 18th congressional district in the Federal House of Representatives.

Richest Cities In California

Los Altos

It was formerly an agricultural area but now is transformed to be the commuter town for Silicon Valley. It boasts an estimated population of 30,238.

Its unemployment rate is 3.2% and the poverty rate is 3.3% and a median household income put at $187,656.

  • #2. MILL VALLEY

This city is an incorporated city in Marin County, California, located on the western and Northern slopes of Richmond bay and the Eastern slopes of Mount Tampines. The city was incorporated on September 1, 1900. The city economically serves as the commuter town for San Francisco. It boasts of an estimated population of 14,350. Its unemployment rate is 2.6% Poverty rate at 3.5% and median household income of $187,656.

Top 10 Richest City In California

Mill Valley

Administratively, the city is governed by a mayor and the city is a part of the California 2nd congressional district in the Federal House of Representative. The neighborhood in the area includes strawberry, Alto, Almonte, Homestead Valley, Tamalpais Valley and park, strawberry, Scott highlands and valley, Sycamore, Cascade Canyon.

  • #3. LOS ALTOS HILLS

This is an incorporated town in the Santa Clara County, California. The town was incorporated on January 27, 1956. The town is a contract town as it is contracted to Santa Clara County to provide police and fire services. The town is a strictly residential area with an estimated population of 8,501. The town is governed by a 5 member council elected every 4 years and administered by a Mayor. Its unemployment rate is 3.5% and the poverty rate is 4.2% and its median household income is $243,701. The town is part of California 18th congressional district in the US house of representative.

  • #4. TIBURON

Tiburon town is an incorporated town in the Marin County, that borders the mill valley to the east. The city was incorporated June 23, 1964, boasting of an estimated population of 9,176. It is a commuter town and tourist destination. Tiburon is a general law city with a council/manager form of government.

Richest City In California

Fourth Richest City In California

The council is a 5 member council which are elected for a four-year term and them, in turn, appoints the one of themselves as mayor for a one year term, thus rotating the position among themselves. The council appoints the City attorney and a manager who appoints the police chief, Public work director, and other administrative offices. Tiburon shares the California 2nd congressional district with Mill Valley. Its unemployment rate is 3.9% and poverty level stands at 3.6%. The median household income is $149,510.

  • #5. WOODSIDE CITY

Woodside city is situated in the San Mateo County on the San Francisco Peninsula. It was incorporated on November,16,1956. The city is famed for its large stable of horses.

The city administration is a general law city which is a council-manager form of government. The council is a seven member legislative body elected by the city resident and they elect one of them as the mayor. The council also appoints a manager responsible for the city administrative running.

Richest City In California

Woodside City

The estimated population of the city stands at 5,555 and a mean household income of $223,934. It has an unemployment rate of 3.4% and the poverty rate of 4.6%.

  • #6. ORINDA CITY

Orinda city is a city situated in the contra costa county, of California, incorporated on July 1,1985. The city is the home of many affluent suburban professionals who commune to San Francisco, Oakland and Walnut creek.

Administratively, the city is a general law city and functions as Council-manager form of government with a 5-members council member elected to serve a 4 years term, under the supervision of the Mayor, who is one of them. The council appoints a city manager who is responsible for the daily administration of the city and also appoints the city attorney who serves as the primary legal advisor. The council also appoints a number of commissions which are made up of the residents of Orinda. The house of representatives jurisdiction falls within the 11th congressional districts.

It has an estimated population of 19,600 and a median household income of $178,704 with an unemployment rate of 4.6% and a poverty rate of 2.6%.

  • #7. SAN RAMON CITY

San-Ramon is a city situated in the San-Ramon valley in Contra costa county, of California. It was incorporated in July 1st,1983.

Administratively, the City is governed by a city council consisting of a four-member elected representatives on a four year term and administered by a mayor on a two-year term. The city jurisdiction in the House of Representatives is splitted between the 11th and 15th congressional districts of California. Economically, the city is a service oriented commercial centre, home of the Corporate head-quarter of Chevron corporation and 24-health center, and the West Coast head-quaters of AT & T Inc. and GE global research.

The population of the city is estimated at 76,000 and the median household income is $134,188, and an unemployment rate of 3.9% and a poverty rate of 3.9%.

  • #8. PIEDMONT

This semi-urban residential city is situated in the East Bay hills, in the Alameda county, completely surrounded by Oakland city. The city was incorporated on January 31,1907. The city became a charter city on December 18,1922.

The city is a general law city which operates a city council-city manager form of Government. Economically, it is a residential area, that supports little commercial activities limited to its commercial district only. The city population is estimated at 11,400 and the median household income is calculated at $202,803, with an unemployment rate of 3.7% and a poverty rate of 5.0%.

  • #9. PALOS VERDES ESTATES

This master-planned city is situated on the Palos Verdes Peninsula in the Los Angeles county of Chicago. This city, designed by Fredrick Law Olmstead Jr and Charles Cheney is one of the pioneering well planned communities in the United states, as there is an art jury that review all building plans, and architecture to align with the conventional plan, and even non-whites are prohibited from owning or renting a property. It was incorporated on December 20,1939.

Administratively, the Palos Verdes Estates practiced a City council/City Manager form of Local government. This form of government combines an elected mayor and elected city council. The Elected mayor and the council, acting as a collegial body are saddled with the responsibilities of policy making, goal settings and budget approval. This body also appoints the City Administrator who is responsible for the day-to -day running of the city. The town is part of California 33rd congressional district in the US house of representative.

Economically, it is a residential area, that supports very meager commercial activities of non nuisance business.

The estimated population of the city as at 2017 is approximately 13,600. Its median household income is calculated at $200,766, and an unemployment rate of  2.0% and a poverty rate of 5.5%.

  • #10. DUBLIN CITY

This city was formerly known as Amador and Dougherty station, but was rechristened Dublin after Ireland, capital, to reflect the high number of Irish resident there. It is an incorporated sub-urban city in the Alameda county of California. The incorporation of this city took place on February 1,1982. The city has the honor of being the second fastest growing city in the State of California.

Administratively, the City of Dublin practiced a City council/City Manager form of Local government. The form of government combines an elected mayor whose tenure runs for 2 years and a council member whose tenure runs for 4 years. The Elected mayor and the council, acting as a collegial body are saddled with the responsibilities of policy making, goal settings and budget approval. This body also appoints the City Administrator who is responsible for the day-to -day running of the city. The town is part of California 15th congressional district in the US house of representative.

The Population of the city stands at approximate 56,000(2017 est.). The city is a commercial city and home to the head-quaters of Calliduscloud, Ross stores, Tria Beauty, Medley Health, Challenge diary and Arlen Ness. The Median Household income of the City is calculated at $128,403 and the unemployment rate stand at 4.0% and the poverty rate is 4.3%.

CONLUSION ON THE TOP 10 RICHEST STATES IN CALIFORNIA

California as a beautiful state in America, has a very interesting and serene atmosphere, which are not just in one location or city, but are around the state, consideration has been given to some city that is the most wealthiest in the state, which has been thoroughly discussed in the preceding paragraph and headings, it is an interesting write up worth reading.

Related: 

Tags: Top 10 Richest States In California

One Response

  1. Mynaijabaze TV May 13, 2018

Leave a Reply