You either have to own Dunder-Mifflin, Hershey’s Chocolate, or be a descendant of President James Buchanan, to live in our top ten richest cities in Pennsylvania for 2023.
If you’re looking for safe cities and neighborhoods, amazing schools, and high-end shopping, with a bank account to match, you can stop your search. There are cities in The Keystone State that have these 5-star amenities, and then some. Yes, the Commonwealth has many cities that cater to the lifestyle of the Pennsylvania rich and famous. How does one get their hand on one of these Pennsylvania cities where living your best life ‘ain’t no thing’? Well, a couple of things have to fall into place for you.
First off, you need to find a job that pays on average $90,000/year. Might we suggest a job in real estate in our number one richest city? The median home price in this city is currently $190,000, and is projected to rise an additional 2% this year. That’s a lot of Pennsylvania cheddar, folks. Secondly, you have to be a hard worker. Unemployment rates and poverty rates in most of these affluent Pennsylvania cities hovers just above 4%.
Monetary wealth does make a city rich, but there are cities on our list that are both rich in the dollar as well as rich in amenities. Cities on our list like Perkasie provide the backdrop for fancy wine tasting, and cities like Camp Hill provide multiple outlets for the one activity that rich people like to do most: head to the spa. To see which cities top the richest cities in Pennsylvania for 2023, grab a Philly cheesesteak and a Yuengling and take a look at the list below.
Here are the 10 richest places in Pennsylvania for 2023:
It’s not lost on us that there are multiple cities on our best cities to live in Pennsylvania for 2023 that are also on our richest list. Wealthy cities tend to have it all.
To narrow down the richest cities in the Quaker State, we looked at several factors: poverty rate, median household income, and unemployment rate. The cities also had to have a population of at least 5,000.
This left us with 189 cities in the 33rd largest state and the sixth most populous state in the country.
What’s the weathiest place in Pennsylvania? Without further adieu, the one city that has it all on our richest cities in Pennsylvania list is Fox Chapel.
So, if you care about living where there are great jobs and wealthy people, take a look the list below. The state with ‘Virtue, Liberty, and Independence’ is calling.
Rich people not your cup of tea? Feel free to check out some more reading about Pennsylvania:
The 10 Richest Cities In Pennsylvania For 2023
1. Fox Chapel
Rank Last Year: 1 (No Change)
Median Income: $247,930
Unemployment Rate: 2.4%
Poverty Rate: 1.0%
More on Fox Chapel: Real Estate | Photos
Rank Last Year: 4 (Up 2)
Median Income: $112,212
Unemployment Rate: 3.1%
Poverty Rate: 3.3%
More on Conshohocken: Real Estate | Photos
3. Camp Hill
Rank Last Year: 5 (Up 2)
Median Income: $99,137
Unemployment Rate: 2.3%
Poverty Rate: 5.8%
More on Camp Hill: Real Estate | Photos
Rank Last Year: 2 (Down 2)
Median Income: $85,237
Unemployment Rate: 3.2%
Poverty Rate: 3.6%
More on Plum: Real Estate | Photos
5. Jefferson Hills
Rank Last Year: 3 (Down 2)
Median Income: $95,652
Unemployment Rate: 4.0%
Poverty Rate: 3.0%
More on Jefferson Hills: Real Estate | Photos
Rank Last Year: 10 (Up 4)
Median Income: $86,188
Unemployment Rate: 2.3%
Poverty Rate: 7.5%
More on Doyle: Real Estate | Photos
Rank Last Year: 6 (Down 1)
Median Income: $83,640
Unemployment Rate: 3.0%
Poverty Rate: 5.8%
More on Economy: Real Estate | Photos
Rank Last Year: 8 (No Change)
Median Income: $75,509
Unemployment Rate: 3.6%
Poverty Rate: 3.5%
More on Lititz: Real Estate | Photos
Rank Last Year: 7 (Down 2)
Median Income: $72,669
Unemployment Rate: 2.8%
Poverty Rate: 5.2%
More on Downin: Real Estate
10. Franklin Park
Rank Last Year: 12 (Up 2)
Median Income: $142,850
Unemployment Rate: 5.3%
Poverty Rate: 2.9%
More on Franklin Park: Real Estate | Photos
Methodology: How We Determined The Richest Places In Pennsylvania For 2023
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 2017-2021 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 189 places with more than 5,000 people in Pennsylvania, we ranked each place from 1 to 189 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, Fox Chapel, crowned the “Richest City In Pennsylvania For 2023”. 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 189 places.
Summary: The Wealthiest Places In Pennsylvania For 2023
Like we said earlier, when we set out to identify the richest places in Pennsylvania, we weren’t sure what we’d encounter, but it ended up being some of the best places to live in Pennsylvania.
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 Pennsylvania, according to data:
Poorest: Beaver Falls
2nd Poorest: McKees Rocks
3rd Poorest: Chester
For more Pennsylvania reading, check out:
- Best Places To Raise A Family In Pennsylvania
- Best Places To Live In Pennsylvania
- Most Dangerous Cities In Pennsylvania
Detailed List Of The Richest Cities In Pennsylvania