Bethesda named top richest smallest city in the U.S. by Movoto real estate blog
(WJLA) - Bethesda, Maryland has been ranked as the number one richest smallest city in the U.S. by real estate blog Movoto.
So how'd Bethesda land at the top of the list? The blog reviewed 2010 Census data and came up with a list of the 950 smallest cities in the country with populations between 30,000 and 80,000 people. Those cities were ranked from one to 950 using median household income and median home value. The average of those two numbers narrowed the list down from 950 to the 25 wealthiest smallest cities.
Additional categories that included distance to amenities such as private jet facilities, expensive clothing retailers and polo fields were used to rank the cities from one to 25 with one being the best.
Bethesda ranked in the top 10 of every criteria used with a median household income $141,817 and a median home value of $805,900 in 2010. It also ranked well in distance from amenities such as a polo field, private jet facilities, and expensive clothing retailers.
McLean came in third place with a median household income of $179,066 and a median home value of $895,500.
Read more at Movoto.