Recently by Robert Wenzel: ‘Anomic Breakdown’ and Beyond
Of 29,000 zip codes examined by the Internal Revenue Service, only three had an average yearly income of one million dollars or more, based on recently released data from 2008. But the average income per year for all of the top ten richest zip codes exceeds $700,000, according to IRS data, reports HuffPo.
Three of the wealthiest five zip codes are located in New York City. Among its residents, Manhattan has 7,270 people worth $30 million or more.
1. Lower Manhattan 10274
2. 30 Rockefeller Plaza 10112
3. Fisher Island, FL 33109
4. 45 Rockefeller Plaza 10111
5. Oklahoma City, OK 73154
6. Downtown Chicago 60604
7. Atherton, CA 94027
8. Century City Los Angeles 90067
9. New Vernon, NJ 07976
10. Grand Central Station, NY 10168
The top zip code, 10272, begins only blocks from the New York Federal Reserve Bank. (Just coincidence, I’m sure.)
Number 2 and 4 zip codes, different parts of Rockefeller Center, are, of course, home to Rockefeller Family money management and where former Fed chairman Paul Volcker maintains an office. (More coincidence, I’m sure.)
Reprinted with permission from Economic Policy Journal.