One city in Ohio is deemed the richest in the state. Here’s why

The title for Ohio’s richest town goes to New Albany. Stacker named the city one of the wealthiest in the state, beating out some of the more well-known areas.

The Columbus suburb has been the subject of urban development, including Intel’s $28 billion computer chip manufacturing facility, as the tech giant recently secured a multibillion-dollar partnership with Amazon for the project.

Once named America’s best suburb by Business Insider, the community of roughly 11,000 residents is praised for its education system (ranked among the top 3% of all Ohio school districts), safety, as well as its arts and entertainment. New Albany boasts several parks and more than 70 miles of trails for outdoor recreation.

So why is New Albany considered rich? It’s all in the numbers. The median household income, according to Stacker, is a whopping $224,824—nearly 200% more than the national median income. More than half of New Albany’s households (nearly 57%) earn over $200,000, and the city’s unemployment rate is just 2.2%. The data also shows that less than 1% of families in the area have income below the poverty level.

Anchorage named the richest city in Kentucky

Our neighbors in Anchorage, Kentucky, (which sits near the Ohio River east of Louisville and roughly 95 miles from Cincinnati) also made the list of richest towns.

According to Stacker, its median home income was $202,917, and just over 50% of households earn over $200,000. More than 97% of civilians have health insurance, and Anchorage’s unemployment rate is just 6.1% with the median earnings for workers at $93,661.

Stacker says that Anchorage has historic mansions dating back to the 18th century, along with newer luxury homes. The city is known for its rustic nature and Southern charm.