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Don't let Oregon's carefree, hippie vibe confuse you, the state has many places that are only for The Beaver State's rich and famous.
Folks, Oregon's wealthy did not get this way by sitting on their back sides. And since HomeSnacks thinks that people who work hard deserve to play hard and live it up in some of the wealthiest places a state has to offer, we created a list of the top ten richest places in Oregon for 2021. You know, a list of the places that cater to the one percent.
How did we determine the richest places in this Pacific Northwest paradise? We looked at the latest Census data from the American Community Survey for 76 Oregon cities with 5,000 residents. We then looked at a places median income, unemployment rate, and poverty rate and assigned each a score.
When you choose to live in one of Oregon's richest places, you are choosing to live where it's going to be a little more expensive. The upside, however, these places have strong economies, posh neighborhoods and homes, blue ribbon schools, and five star amenities. There's a reason many of Oregon's richest places are also the the state's best. And those amenities we mentioned -- well, when all of that cash starts to burn a hole in your pocket, there are coastal five star resorts like Gurney's in Newport and great ski vacations to Mt. Bachelor in Bend ready to lighten your load.
So want to know where Oregon's 'other half' lives? Keep reading.
Did we mention that crime is virtually nonexistent in Oregon's richest places? That's right, many of Oregon's richest are also the state's safest. And, folks, Oregon's number one richest does not disappoint in the safety area either.
But, what is Oregon's number one richest place for 2021? According to the data, that would be, Sherwood.
Want to know where the rest of Oregon's 'Richie Rich' live, take a look below. And if you don't find what you're looking for there, the rest are just a click away.
Rich people not your cup of tea? Feel free to check out some more reading about Oregon:
The 10 Richest Cities In Oregon For 2021
How We Determined The Richest Places In Oregon For 2021
The first thing that comes to most people's minds when they think about determining the richest places is to simply identify personal incomes. After all, rich people have really high salaries.
However, we don't believe that one statistic wholly encompasses what it means to be one of the "richest places". So we looked at this set of criteria from the newly released 2015-2019 American Community Survey:
- Poverty Level
- Median Household Income
- Unemployment Rate
Median household income is the most digestible way to understand how rich a place really is. The unemployment rate tries to capture the prospects for more people to become rich. If more people are employed, the richer the future looks.
After we collected the data for all 76 places with more than 5,000 people in Oregon, we ranked each place from 1 to 76 for each of the criteria, with 1 being the richest.
We then averaged all the rankings for a place into a "Rich Score" with the place having the lowest overall Rich Score, Sherwood, crowned the "Richest City In Oregon For 2021". You can download the data here.
You can learn more about the top ten below or skip to the end to see the rankings for all 76 places.
There You Have It - The Wealthiest Places In Oregon For 2021
Like we said earlier, when we set out to identify the richest places in Oregon, we weren't sure what we'd encounter, but it ended up being some of the best places to live in Oregon.
When you look at the data, the cities and places mentioned above meet the criteria for being at the very top of the income ladder for everyone that lives there.
If you're curious enough, here are the poorest cities in Oregon, according to data:
2nd Poorest: Prineville
3rd Poorest: Ontario
For more Oregon reading, check out:
Detailed List Of The Richest Cities In Oregon