Short Hills named richest town in America, according to Time Magazine

New Jersey is home to the wealthiest town in the country, and those who live there say they aren't surprised. Time Magazine ranks Short Hills

Time Magazine ranks Short Hills No. 1 on

Time Magazine ranks Short Hills No. 1 on its list of richest towns in America. (Credit: News 12 New Jersey)

SHORT HILLS - New Jersey is home to the wealthiest town in the country, and those who live there say they aren't surprised.

Time Magazine ranks Short Hills No. 1 on its list of richest towns in America.
  
It's no wonder the wealthy favor the Essex County town, with its classic architecture and well-manicured lawns.  

"It's a wonderful town," says Hook Bailey. "Absolutely awesome."

Leah Robinson agrees. "It's a beautiful area with trees and parks -- everything for raising kids," she says.

According to Time, nearly 70 percent of Short Hills residents earn more than $150,000 a year, and the average home price is about $2.1 million.  

Robinson says wealthy, successful people favor the town because of the reasonable commute to New York.

The school system, including Millburn High School, is also considered one of the best in the state. Overall, a top-level education is clearly important to those living in America's wealthiest cities.  

"I think that wealth supports the school system," says Jim Lachance. "And in my opinion, it makes the area and neighborhood better."

In its ranking, Time discovered about 80 percent of the people in the 10 wealthiest zip codes have at least a Bachelor's degree. Compare that to only about 30 percent in the average American zip code.

Among the other richest towns in America: McLean, Virginia; Darien, Connecticut; and Chappaqua, New York, the home of Bill and Hillary Clinton. 

advertisement | advertise on News 12

Trending Video

1 VIDEO: Jersey City Pearl Harbor remembrance ceremony
VIDEO: News conference on arrest in murder of 2 VIDEO: News conference on arrest in murder of Sarah Butler
Republican Steve Rogers announces he will run for 3 Republican Steve Rogers announces gubernatorial run
Dozens of fellow officers show up to support 4 Dozens show up to support fired Wayne police officer
Gov. Christie visits with addiction counselors at the 5 Christie: Trump will make Medicaid changes to benefit NJ

advertisement | advertise on News 12

Features

It's good to know you have Walt Kane Kane in Your Corner

It's good to know you have Walt Kane in your corner.

News 12 takes a look at the hottest Tech Check

Eric Landskroner has a look at the latest gadgets and biggest stories in tech.

News 12 On the Scene

Check out these exclusive videos from New Jersey celebs!

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE