Residential real estate firm Engel & Völkers has taken a look at the most expensive areas surrounding America’s 10 largest cities. The goal: to provide a snapshot of the nation’s luxury real estate marketplace outside of the cities that typically top the list of the nation’s wealthiest places to live.
After identifying the nation’s 10 most-populated cities using data from the U.S. Census bureau, the firm then determined the priciest suburbs based on median home price. Here, a list of the cities—in ascending order of population—and the most expensive suburb of each one, along with the median home price and household income.
10) San Jose, Calif.—Los Altos Hills
Population: 1.03 million
Median home price: $3.45 million
Median household income: $224,270
9) Dallas, Texas—Westlake
Population: 1.3 million
Median home price: $2 million
Median household income: $250,000
8) San Diego, Calif.—Rancho Santa Fe
Population: 1.39 million
Median home price: $2.12 million
Median household income: $101,250
7) San Antonio, Texas—Terrell Hills
Population: 1.47 million
Median home price: $1.32 million
Median household income: $127,589
6) Phoenix, Ariz. —Paradise Valley
Population: 1.56 million
Median home price: $1.1 million
Median household income: $134,097
5) Philadelphia, Pa. —Bryn Mawr
Population: 1.57 million
Median home price: $760,300
Median household income: $61,797
4) Houston, Texas—Southside Place
Population: 2.3 million
Median home price: $1.25 million
Median household income: $141,250
3) Chicago, Ill. —Glencoe
Population: 2.72 million
Median home price: $1.3 million
Median household income: $171,250
2) Los Angeles, Calif. —Bel-Air
Population: 3.97 million
Median home price: $3.45 million
Median household income: $207,938
1) New York, N.Y. —Bronxville
Population: 8.55 million
Median home price: $2.33 million
Median household income: $193,333