These are the richest cities in the United States in 2023
The US is home to some of the richest cities in the world, here are the top 5, according to the Bureau of Economic Analysis First Half 2023 GDP report.
It’s no surprise that the United States is home to some of the world’s wealthiest cities. From large metropolises to technology hubs, certain places in the nation have attracted both individuals and corporations, which contribute to the growth of the gross domestic product (GDP), becoming some of the richest cities in the country and in the world.
According to the Bureau of Economic Analysis (BEA) report for the first half of 2023, real GDP increased at an annual rate of 1.1 percent. According to the BEA report, the increase in real GDP reflected increases in consumer spending, exports, federal government spending, state and local government spending, as well as nonresidential fixed investment.
Based on this report, the portal Insider Monkey carried out an analysis of the richest cities in the United States according to their GDP per capita. The list includes cities and certain metropolitan areas with significant economic activity.
These are the richest cities in the United States in 2023
Midland, Texas
- GDP per capita: $242,730
This city enjoys a thriving economy thanks to the presence of the energy sector, particularly oil and gas. It has attracted major energy companies and created significant job opportunities, which in turn have generated high incomes and a strong GDP per capita.
San Jose-Sunnyvale-Santa Clara, California
- GDP per capita: $210,235
This area is the heart of Silicon Valley, a region that stands out for technology and innovation, being the headquarters of leading technology companies that drive economic growth.
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San Francisco-Oakland-Berkeley, California
- GDP per capita: $144,633
This metropolitan area in California boasts a dynamic economy fueled by a strong presence of high-tech companies and start-ups, in addition to standing out in the financial, tourism, health and education sectors.
Seattle-Tacoma-Bellevue, Washington
- GDP per capita: $119,646
This region has a thriving economy driven primarily by the tech industry, aerospace, e-commerce, and healthcare. Several major companies have a presence in this area, including Microsoft Corporation and Amazon.
Trenton-Princeton, New Jersey
- GDP per capita: $113,069
This area has benefited from its strategic location close to major metropolitan areas such as New York City and Philadelphia, in addition to having important educational institutions. The economic landscape of this region spans various sectors, from finance and healthcare to research.
The top 10 richest cities or regions in the United States round it out:
- Boston-Cambridge-Newton, Massachusetts, with a GDP per capita of $108,506.
- Bridgeport-Stamford-Norwalk, Connecticut, with a GDP per capita of $102,891.
- New York-Newark-Jersey City, New York-New Jersey, with a GDP per capita of $100,806.
- Boulder, Colorado, with a GDP per capita of $100,692
- Washington, DC-Arlington-Alexandria, Virginia, GDP per capita: $95,593