Sacramento-area spot ranked among fastest-growing wealthy suburbs in the US. Which one?
A Sacramento-area suburb is among the fastest growing wealthy suburbs in the nation, according to GoBankingRates.
The personal finance website recently ranked the 30 fastest growing wealthy suburbs in America, comparing developing neighborhoods based on household income, home value and more.
A total of five California suburbs made the list of locations that saw significant population growth.
“California boasts the second-highest number of growing wealthy suburbs,” GoBankingRates writer Heather Taylor wrote in a Jan. 14 article, trailing only after Texas.
Here’s which ones landed on the list and where:
Which Sacramento-area city is among fastest growing suburbs?
El Dorado Hills in El Dorado County narrowly missed the top 10, landing at No. 12 on GoBankingRates’ list of rapidly growing wealthy suburbs.
The Sacramento-area suburb saw a 10.86% increase in population between 2018 and 2023, the site said.
The median household income in El Dorado Hills was $163,544, GoBankingRates said, while the average home value was $908,158.
Which other California locations made the list?
Two California suburbs ranked among the top 10 wealthy, fast-growing suburban cities in the United States, according to GoBankingRates.
Dublin in Alameda County was the highest-ranked California city at No. 8.
The East Bay suburb saw a 19.22% increase in population from 2018 to 2023, according to GoBankingRates.
The median household income in Dublin was $205,046, while the average home value was $1,488,417.
Landing at No. 10 is Eastvale in northwestern Riverside County.
The Southern California suburb boasted an average household income of $161,322 and a $948,164 median home value.
Eastvale’s population grew 14.42% between 2018 and 2023, GoBankingRates said.
Meanwhile, San Ramon in Contra Costa County was No. 11 with a population growth of 13.73% between 2018 and 2023.
The average income in San Ramon was $197,358 and the median home value was $1,733,442.
North Tustin in Orange County saw a 5.26% population increase during the same five-year period.
The median household income in North Tustin was $186,250 and the average home value was $1,700,977.
Where are the top 10 suburbs for population growth in US?
Texas had the most fast-growing wealthy suburbs in the nation with seven cities in the top 30, GoBankingRates said.
According to the site, these were the top 10 wealthy suburbs for population growth:
Fulshear, Texas
Celina, Texas
Prosper, Texas
Erie, Colorado
Clarksburg, Maryland
Zionsville, Indiana
Redmond, Washington
Dublin, California
Parkland, Florida
Eastvale, California
Visit the GoBankingRates website for the full list of the fastest-growing suburban cities.
How did GoBankingRates come up with rankings?
GoBankingRates analyzed cities with populations between 25,000 and 100,000 people, focusing on metropolitan areas with populations of 1 million or more.
“Only places with a median household income of $150,000 or more were kept for this study,” the site said.
GoBankingRates then looked at population changes for each city from 2018 to 2023.
The site sourced data from the U.S. Census American Community Survey, Sperling’s BestPlaces, AreaVibes, Zillow Home Value Index, Bureau of Labor Statistics Consumer Expenditure Survey and Federal Reserve Economic Data. All data was current as of Jan. 6.
