The Richest Zip Code in America Isn’t Where You Think It Is…

It would be easy to assume that the richest zip code in America would lie in New York, San Francisco, or maybe even the old money haven of Connecticut. However, the richest, most exclusive zip code in the USA isn’t where you’d expect it to be.

According to a Bloomberg report, the richest zip code in America is just as elite and exclusive as the people who live there.  Move over 90210, it’s Florida’s turn.

Miami’s Fisher Island is a 216-acre exclusive playground of the rich, famous, and influential.

The average income in Fisher Island, zip code 33109, was $2.5 million in 2015, according to a Bloomberg analysis of 2015 Internal Revenue Service data. That’s $1 million more than the second-place spot, held by zip code 94027 in Silicon Valley.

While the IRS data only provide the averages of tax returns, which can be skewed by outliers, Fisher Island is the only zip code in the Bloomberg analysis where more than half of all tax returns showed an income of over $200,000.

Thankfully, the Florida tax haven is looking even more enticing these days. Florida’s lack of a state income tax as well as having relatively low taxes across the board have always been a welcoming sight for wealthy residents. This trend shows no sign of slowing down.

Thinking of Moving?

You don’t have to live in the richest zip code in America to want an easier cost of living. Whether you’re looking to move to Fisher Island (and if so, congratulations!) or anywhere; City vs City can help.

City vs City is a powerful cost of living tool. Our app examines cost of living expenses at the zip code level to determine the real cost of living in your city. We examine housing expenses, after-tax income, savings, state and local taxes and more. As a result, you’ll see a detailed breakdown of what it takes to live in your city. Then, you can compare those costs against another city of your choosing.

Which city comes out ahead? Download the City vs City app today and start comparing!