Bev Hills a suburb?

bevhills.jpgThat's what the folks at Bundle.com are saying in their rundown of America's richest "suburbs." The average Beverly Hills household spent $99,624 last year, which is 164 percent higher than the national average ($37,782). Here's the breakout:

Food & drink: +209%
Home: +98%
Getting around: +67%
Shopping: +182%
Health: +218%
Travel & Leisure: +188%

Now 100K may sound like a lot, but compare it to some of the other towns on the Bundle list:

Greenwich, CT: $133,330
Westport, CT: $137,754
Armonk, NY: $139,675
Medina, WA: $144,582
Darien, CT: $144,758
Kenilworth, IL: $150,340

All these communities are actual suburbs, whereas Bev Hills is a small city that has a wider demographic (as in real people). Another factor is the large number of renters. Government reports often show Beverly Hills to be a little less affluent than you might think. There's a similar pattern in Northern California - Los Gatos has an average household of about $118,000, while nearby Palo Alto is at $81,000. Of course, compared to some "suburbs," 81 grand is pretty nice money.


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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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