BusinessWeek recently listed America's top 25 wealthiest towns, according to an analysis done by Little Rock's Gadberry Group, which ranked communities based on the average 2008 net income and 2008 net worth of their residents.
Brookville had an average net worth of $1.67 million-the highest on the list, and the average annual income of $328,000 was the nation's seventh-highest.
According to the report, the wealthiest towns are found in a number of states across the country, but there was a fair amount of clumping. For example, nine towns on Long Island's North Shore made the list: Brookville (1), Roslyn Estates (6), Oyster Bay Cove (8), Old Westbury (10), Muttontown (13 - tie), Munsey Park (13-tie), Lloyd Harbor (14) Sands Point (15) and North Hills (19).
Brookville's Mayor Caroline Z. Bazzini was proud of the distinction, but also surprised. "You only have to drive through Brookville to literally see why Brookville is such a desirable place to live, but its beauty is more than skin deep," said Mayor Bazzini. "Brookville's residents are culturally diverse and that makes for fascinating neighbors. Plus we're in the Jericho School District and it is a wonderful advantage to send your kids to one of the best schools in the nation."
Mayor Bazzini said she, as well as most residents, were surprised by the announcement that they topped the list. "Brookville isn't the kind of place that focuses on wealth, so it seems that everyone was as surprised as I was to have this unusual distinction of 'richest place in America,'" she said.
Many wealthy communities did not make the list as some of their wealthiest homeowners are not year-round residents, but rather only seasonal visitors and are not incorporated on the tax rolls. The article sited Florida's Jupiter Island and the village of Southampton on Long Island as examples.
Some interesting notes about the statistics are that all of the towns that made the list had fewer than 10,000 households and the income and net worth data were collected before the economy collapsed at the end of 2008.
Average income: $328,404_
Average net worth: $1,670,075_
Average income: $298,935_
Average net worth: $1,664,191_
Average income: $317,661_
Average net worth: $1,625,524_
Average income: $295,758
_Average net worth: $1,645,570_
Average income: $313,598_
Average net worth: $1,603,583_
Average income: $279,344_
Average net worth: $1,652,375_
Average income: $264,925_
Average net worth: $1,658,956_
Average income: $271,024_
Average net worth: $1,608,262_