Why is my city not listed as one of the richest in the country?

Question

My town is filled with millionaires like Beyonce, Lil Kim, JayZ, Modells, the owner of the nets, Chris Rock, hedge fund managers, lawyers, and me type people. A knock down house in my town would go for 1.5 million. and it is probably only a quarter of an acre. The most expensive house on the market now is 50 million in my town. But because we have less than 250K people in our town, we are not listed. My town is Alpine, New Jersey.

And the capita income is around 200K per year

Answer 1

Because nobody wants to admitt to living in NJ...........

Answer 2

Alpine NJ dropped from #8 in 2005 to #15 in 2006

Forbes Most Expensive ZIP Codes 2006


Rank ZIP Code Location County State 2005 Median Sale Price ($)
1 11962 Sagaponack Suffolk NY 2,787,500
2 92067 Rancho Santa Fe San Diego CA 2,445,000
3 92662 Newport Beach Orange CA 2,397,500
4 94528 Diablo Contra Costa CA 2,266,000
5 94957 Ross Marin CA 2,247,500
6 11976 Water Mill Suffolk NY 2,150,000
7 93108 Santa Barbara Santa Barbara CA 2,050,000
8 90402 Santa Monica Los Angeles CA 2,005,000
9 92661 Newport Beach Orange CA 1,996,500
10 33109 Miami Beach Miami-Dade FL 1,942,500
11 11765 Mill Neck Nassau NY 1,900,000
12 10013 New York New York NY 1,875,000
13 10577 Purchase Westchester NY 1,850,000
14 92657 Newport Coast Orange CA 1,806,250
15 07620 Alpine Bergen NJ 1,790,000

Answer 3

I don't know the answer to this specifically, but you can be sure it has something to do with they way they determine what a rich city is. Also, is alpine a city of its own or a suburb or a larger city with many poor people in it. This would drastically reduce the percentage of income per person.

Answer 4

Did you ever think that maybe all those rich people DO NOT WANT THE JOHN Q PUBLIC TO KNOW WHERE THEY LIVE AND ARE PAYING SOMEONE TO KEEP IT QUIET? Uh sorry, it is listed as the 8th most expensive town to live in by Wikipedia and Forbes --median home 1,767,000 and change

Answer 5

When your up against communities like Menlo Park that have founders of IT firms as residents, that tends to skew the results.