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Major cities like New York and Los Angeles may be known for being expensive places to live as well as housing people who earn bigger-than-average salaries. However, many high-income earners have chosen a smaller town, oftentimes outside of a metropolitan area, to settle down in and call home rather the big city itself.
GOBankingRates compiled a list of the richest small town in each state and ranked them from lowest to highest, from a small Vermont town with a median income of around $97,000 to a place in California with averaging nearly $250,000. Here's how the site determined its list:
"In this study, GOBankingRates analyzed U.S. Census Bureau income data in locations in every state with 500 to 15,000 households to determine the wealthiest small towns in America, and they are ranked [in the list] from lowest to highest income. Alaska is not included because of a lack of sufficient data."
According to the report, the richest small town in all of North Carolina is Marvin, not to be confused with the most expensive place to live in the state. This small town outside of Charlotte has a population around 6,500 and a median income of $221,350.
Check out the full report at gobankingrates.com to see more of the richest small towns around the country. Additionally, read up on our previous coverage of the North Carolina town named one of the most popular small towns to live in the U.S.