Here is the Richest Town in Each State

In his piece, Boise Real Estate Market Overview 2022, Than Merrill, co-founder of FortuneBuilders, CT Homes, and Equity Street Capital, explained Boise's almost 5% housing market spike makes it one of the most desirable markets in the nation.

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Climbing faster than the majority of America's cities over the last decade, Boise real estate grew as much as 55% within the last 10 years. Real estate analysts estimate Treasure Valley home prices will rise 13.7% by 2023. Home prices are expected to increase the while supply and demand constraints maintain a stronghold throughout the Valley. But Merrill noted those days are numbered. Rising interest rates will inevitably reverse the trend.

From its lowest point of the Great Recession to today, the median home value in Boise has increased 255.7%. Riding a wave of increasing sentiment, improving economic conditions, and a lack of inventory, the median home value in Boise is now $533,538.
—Than Merrill

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But enough technical talk and market jargon! The Idaho city that staked its claim on this list comes as no surprise to locals. Filled with fortune, stunning Western mansions, and retirement funds that make us workforce grunts swoon, who wouldn't want to call this wealthy hamlet home?

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Unless you're on a hunt in the wilds of the Gem State, the buck doesn't stop there. Enjoy yourself a leisurely scroll through our gallery of the richest cities in every state. From east to west and everything in between, you might be surprised to see which cities didn't make the cut! Did yours?

LOOK: Here is the richest town in each state

Just saying the names of these towns immediately conjures up images of grand mansions, luxury cars, and ritzy restaurants. Read on to see which town in your home state took the title of the richest location and which place had the highest median income in the country. Who knows—your hometown might even be on this list.

Gallery Credit: Meagan Drillinger

LOOK: Here are the best lake towns to live in

Many of the included towns jump out at the casual observer as popular summer-rental spots--the Ozarks' Branson, Missouri, or Arizona's Lake Havasu--it might surprise you to dive deeper into some quality-of-life offerings beyond the beach and vacation homes. You'll likely pick up some knowledge from a wide range of Americana: one of the last remaining 1950s-style drive-ins in the Midwest; a Florida town that started as a Civil War veteran retirement area; an island boasting some of the country's top public schools and wealth-earners right in the middle of a lake between Seattle and Bellevue; and even a California town containing much more than Johnny Cash's prison blues.

Gallery Credit: Peter Richman