Two Montgomery County Towns Are the Wealthiest in Pa., One’s Median Annual Income Is Nearly $350,000
Using U.S. Census Bureau and Redfin data, editors at Suburban 101 have listed Pennsylvania’s 10 richest towns, with two Montgomery County inclusions. Joselynn Chua reported the results.
The ranking resulted from an analysis of median household income and home prices, that is, median residential real estate sales figures from March 2022 to March 2023.
Pennsylvania’s richest community is Sewickley Heights, a suburb of Pittsburgh in Allegheny County.
Its median income is $381,964, and funds are needed to buy residences there, where dwellings average $1.7 million.
Locally, Villanova made the list at No. 2, propelled by the following statistics:
- Average household income: $344,997
- Median sale price of a home: $1,242,000
- Owner-occupied residences: 94.4 percent
- Residential educational level: 83.9 percent with a bachelor’s degree or higher
- Population residents under 18 years old: 8.9 percent
Coming in at No 5 was Merion Station, on the fabled Main Line. Its particulars are:
- Average household income: $288,309
- Median sale price of a home: $826,000
- Owner-occupied residences: 93.2 percent
- Residential educational level: 85.7 percent with a bachelor’s degree or higher
- Population residents under 18 years old: 22.1 percent
Fox Chapel, No. 3, and Edgeworth, No. 4, rounded out the top five communities on the list; like Sewickley Heights, both are in Allegheny County.
The full list of the state’s richest towns is at Suburban 101.
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What’s it like living in Villanova?
Editor’s Note: This post first appeared on MONTCO Today in September 2023.
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