"The U.S. economy generated $29.2 trillion in 2024, more than any other country and over $10.4 trillion more than China's economy, the world's second largest. America's unmatched economic productivity is driven primarily by its cities. Metropolitan areas in the U.S. are hubs for commercial activity and tend to be relatively densely populated. According to the Bureau of Economic Analysis, these places account for about 91% of economic output in the United States."
"Using data from the 2024 ACS, 24/7 Wall St. identified the richest city in every state. We reviewed data on median household income for both metropolitan and micropolitan areas in each state, and identified the place where the typical household had the highest earnings in 2024. Supplemental data on educational attainment, home values, poverty rates, and total population are also 2024 ACS estimates."
U.S. GDP totaled $29.2 trillion in 2024, surpassing China by over $10.4 trillion. Metropolitan areas drive most economic activity, accounting for about 91% of national output, and host higher personal income per capita ($72,275 in metros versus $54,144 elsewhere in 2023). The American Community Survey shows nearly every state contains at least one city with household incomes substantially above statewide medians. Using 2024 ACS data, the richest city in each state was identified by median household income among metro and micro areas, supplemented by education, home values, poverty rates, and population estimates. In 46 of 50 cities, median incomes exceed statewide medians, and 43 exceed the national median.
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