For years Miami’s most exclusive island, Fisher Island, reigned as the country’s most expensive zip code. Falling real estate prices have knocked it down a few pegs on the list in recent years, but the people who call the small island home, many of whom probably bought their homes at the height of the market, are still excessively wealthy. And apparently, that wealth reigned supreme – according to Forbes’ calculations, Fisher Island is still America’s number one “Millionaire Capitol.”
Forbes.com searched through IRS data and ranked zip codes by the average income of those who make at least $200,000 a year. They then estimated the average net-worth for people making over $200,000 a year. Fisher Island came in first place by a large margin.
The financial magazine estimates that the “average net worth for taxpayers here with at least $200,000 of income is $57.2 million.” The average for the next locale on the spot, Alpine, N.J., was only $27.5 million.
Several Florida areas made the list. Palm Beach came in fourth with an average high-end income of $23.3 million. Boca Raton was at seventh with $21.2 million. Key Largo was 11th with $17.9 million.
Another Miami area, Bay Harbor Islands, was 14th with $16.6 million. Fort Lauderdale and Naples also made the top 20.
Source: Miami New Times