Here's The Richest Town In Minnesota In 2019

WASHINGTON COUNTY, MN — The wealthiest town in Minnesota is Dellwood (Washington County), where the median household income is more than $171,000, according to a new report.

The financial news site 24/7 Wall St. reviewed the median annual household income in more than 2,600 places to find the richest town in every state. In Dellwood — which has 1,149 residents — the median household income is $106,051 more than the state average, the site states.

City of Dellwood profile:

• Median household income: $171,750 (state: $65,699)
• Poverty rate: 1.2 percent (state: 10.5 percent)
• Median home value: $585,500 (state: $199,700)
• Population: 1,149

According to the study, "wealth tends to cluster" in specific towns.

"Even in poorer states like West Virginia and Mississippi, there are towns that are relatively affluent. The reason these towns stand out may be due in large part to education. In 48 of the 50 states, the wealthiest town’s bachelor’s degree attainment rate is greater than that of the state."

Find the entire study here.