Newport Beach, Laguna Niguel, San Clemente and Mission Viejo among nation's top 20 wealthiest large cities
Posted by Teresa Mihelic HelpDesk on
From the OCRegister on May 23rd 2016, By JONATHAN LANSNER / STAFF WRITER:
"One reason it’s called the Golden State: A new study says 15 of the 20 wealthiest large cities in the nation are in California – including five from Orange County.
NerdWallet studied 475 cities with population of 65,000 or more to compile its rankings based on a broad definition of wealth: high levels of median household income, median home values, percentage of homes without mortgages and average credit scores.
Palo Alto was top-ranked with a median income of $151,370. Its homes cost a median $2.5 million, and 34 percent have no mortgage. Residents had average credit limits of $71,696.
San Ramon was second and Pleasanton was third.
Highest-ranked in Southern…
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