Top U.S. Suburbs Where Wealthy Millennials Are Moving

Modern American suburbia took shape in Levittown, New York, after World War II, and suburban living has continued to expand ever since. Recently, many people have been leaving dense urban centers in favor of quieter suburban communities.

For some, the move is driven by a desire to escape high city costs. For affluent millennials—now largely in their 30s and 40s—money is less of an obstacle. This group is willing to pay a premium to live in neighborhoods with less traffic, lower population density and abundant green space.

Their presence has revitalized suburbs once stereotyped as dull, bringing new culture, amenities and energy. Below are 25 U.S. suburbs that have become especially popular with young, wealthy residents.

Note: Rankings and data are drawn from moveBuddha’s “25 U.S. Suburbs for the Young and Wealthy,” realtor.com and Zillow.

25. Somerset, Maryland

Suburb of: Washington, D.C.
Population: 1,273
30s and 40s: 30.3%
Median household income: $250,001
Median home value: $1.76 million

Bottom Line: Somerset

Somerset is an intentionally secluded enclave favored by affluent families escaping D.C. Low crime, strong schools, bike trails, parks and a handful of local cafés make it appealing. The lack of direct highways preserves tranquility, but the community has limited racial and ethnic diversity.

24. Larchmont, New York

Suburb of: New York City
Population: 6,087
30s and 40s: 32.2%
Median household income: $215,275
Median home value: $1.37 million

Bottom Line: Larchmont

Larchmont stands out for its relatively large share of residents in their 30s and 40s, which supports a lively town center with restaurants, shops and cafés. Green spaces and waterfront access provide outdoor recreation. The town is more diverse than some peers but still below national averages in overall diversity.

23. Sands Point, New York

Suburb of: New York City
Population: 2,905
30s and 40s: 20.4%
Median household income: $250,001
Median home value: $2.54 million

Bottom Line: Sands Point

Sands Point appeals to older millennials and others seeking a quiet, rural-feeling escape from the city. With excellent schools and a strong safety record, it attracts those willing to trade nightlife and frequent events for peace and scenic surroundings. The town skews older and leans conservative politically.

22. Lloyd Harbor, New York

Suburb of: New York City
Population: 3,658
30s and 40s: 20.4%
Median household income: $250,001
Median home value: $1.7 million

Bottom Line: Lloyd Harbor

Lloyd Harbor is known for large estates and a strong emphasis on privacy—there are few streetlights and expansive, well-kept properties. About an hour from New York City, it offers a pastoral feel with high-end amenities and a high median home price that underscores its exclusivity.

21. Dover, Massachusetts

Suburb of: Boston
Population: 6,044
30s and 40s: 20.5%
Median household income: $250,001
Median home value: $1.37 million

Bottom Line: Dover

Dover is one of Massachusetts’ wealthiest towns and retains the character of historic estates and “gentlemen’s farms.” With very low unemployment and high incomes, the community is affluent, though it remains less diverse than nearby Boston, with Asians representing the largest non-white demographic.

20. Bunker Hill Village, Texas

Suburb of: Houston
Population: 3,935
30s and 40s: 21.6%
Median household income: $247,188
Median home value: $1.86 million

Bottom Line: Bunker Hill Village

This affluent Houston suburb skews toward older millennials raising families. Homeownership is dominant—96%—and the area offers parks and green spaces, though it ranks low on walkability, so most outings require driving.

19. Mountain Lakes, New Jersey

Suburb of: New York City
Population: 4,223
30s and 40s: 23.8%
Median household income: $241,667
Median home value: $846,000

Bottom Line: Mountain Lakes

True to its name, Mountain Lakes surrounds residents with six small lakes reserved for locals and their guests. Outdoor activities—swimming, canoeing and kayaking—are central to community life, and a NJ Transit rail line makes commuting to New York convenient.

18. Hunters Creek Village, Texas

Suburb of: Houston
Population: 4,869
30s and 40s: 21.0%
Median household income: $250,001
Median home value: $2.02 million

Bottom Line: Hunters Creek Village

Close to Houston, this owner-occupied community is highly invested in preserving its residential character. Though public transit exists, most residents commute by car to high-paying jobs in the city or work remotely.

17. Loyola, California

Suburb of: San Jose
Population: 3,367
30s and 40s: 22.6%
Median household income: $246,563
Median home value: $4.1 million

Bottom Line: Loyola

Loyola is exceptionally pricey even by California standards. A forested suburb of San Jose, it offers privacy, proximity to Silicon Valley and a parade of luxury homes. Residents benefit from nearby mountains, historic sites and the Bay Area’s cultural and economic opportunities.

16. Roslyn Estates, New York

Suburb of: New York City
Population: 1,233
30s and 40s: 21.5%
Median household income: $250,001
Median home value: $1.5 million

Bottom Line: Roslyn Estates

Near New York and popular with well-to-do residents, Roslyn Estates is close enough for commuter access to Manhattan. The area caters to older, affluent residents and offers golf and other leisure amenities, but it lacks significant racial diversity.

15. Glencoe, Illinois

Suburb of: Chicago
Population: 8,826
30s and 40s: 21.9%
Median household income: $248,851
Median home value: $1.14 million

Bottom Line: Glencoe

Glencoe combines scenic beauty—home to the Chicago Botanic Garden—with strong safety and high educational attainment among residents. While more affordable than some towns on this list, it remains well above national home-value averages and is not very diverse.

14. Loudoun Valley Estates, Virginia

Suburb of: Washington, D.C.
Population: 8,020
30s and 40s: 43.9%
Median household income: $184,950
Median home value: $635,000

Bottom Line: Loudoun Valley Estates

This suburb has one of the highest shares of residents in their 30s and 40s, and a median age of 34. Outdoor recreation—hiking, kayaking on the Potomac and quick trips to Shenandoah—are popular. The community is highly educated and notably diverse, with a large Asian population.

13. Southlake, Texas

Suburb of: Dallas/Fort Worth
Population: 32,376
30s and 40s: 25.1%
Median household income: $240,248
Median home value: $956,000

Bottom Line: Southlake

As the largest community on this list, Southlake supports a full range of amenities—diverse restaurants, events and top-rated schools. Proximity to Dallas (about 40 minutes) makes it a desirable option for affluent families and professionals.

12. Greenville, New York

Suburb of: New York City
Population: 7,914
30s and 40s: 26.5%
Median household income: $237,436
Median home value: $1.19 million

Bottom Line: Greenville

Greenville, in Westchester County and close to the Catskills, can be more expensive than most parts of New York. Its safety ranking and rural appeal attract affluent buyers who often rely on remote work, since commuting to the city can take around two hours each way.

11. Princeton Junction, New Jersey

Suburb of: Princeton
Population: 2,336
30s and 40s: 29.3%
Median household income: $231,094
Median home value: $749,000

Bottom Line: Princeton Junction

This community shares many of Princeton’s cultural and educational benefits—museums, dining and parks—without the college-town bustle. Excellent train connections also make Philadelphia and New York reachable for day trips or commuting.

10. Ladera, California

Suburb of: San Jose
Population: 1,607
30s and 40s: 23.3%
Median household income: $250,001
Median home value: $1.03 million

Bottom Line: Ladera

Ladera is extremely exclusive—full homeownership, virtually no unemployment and very high educational attainment among residents. Located between San Francisco and San Jose, it attracts professionals connected to Silicon Valley and commands a high cost of living.

9. Scarsdale, New York

Suburb of: New York City
Population: 17,871
30s and 40s: 23.5%
Median household income: $250,001
Median home value: $995,000

Bottom Line: Scarsdale

Scarsdale consistently ranks high for quality of life and offers easy train access to Manhattan in about 35 minutes. Its charming downtown and affluent culture support upscale events and a moderately diverse community with notable Jewish and Japanese populations.

8. Winnetka, Illinois

Suburb of: Chicago
Population: 12,316
30s and 40s: 23.8%
Median household income: $250,001
Median home value: $1.33 million

Bottom Line: Winnetka

Named among the top U.S. places to live, Winnetka offers beaches on Lake Michigan, parks, recreational facilities and cultural venues while remaining a short drive from Chicago. Its small-town amenities and high quality of life attract affluent families.

7. Laurel Hollow, New York

Suburb of: New York City
Population: 2,033
30s and 40s: 24.8%
Median household income: $250,001
Median home value: $1.8 million

Bottom Line: Laurel Hollow

Since 2020, Laurel Hollow has attracted wealthier New Yorkers seeking space and excellent schools. Located on northern Long Island near Oyster Bay, it benefits from telecommuting trends and offers top-rated schools and low crime rates. Homes are typically priced well into seven figures.

6. West University Place, Texas

Suburb of: Houston
Population: 15,585
30s and 40s: 25.9%
Median household income: $250,001
Median home value: $1.43 million

Bottom Line: West University Place

Often considered a neighborhood of Houston, West University Place is affluent and conveniently close to Rice University and major museums. Despite its wealth, costs for goods and services are slightly below national averages, and residents enjoy cultural amenities nearby.

5. Camino Tassajara, California

Suburb of: Oakland
Population: 4,721
30s and 40s: 32.7%
Median household income: $230,313
Median home value: $2.2 million

Bottom Line: Camino Tassajara

Camino Tassajara attracts families and professionals from the Bay Area who value culture, good food and access to San Francisco and northern wine country. The community blends suburban comforts with a California culinary scene that highlights Mexican and Asian cuisine.

4. Chappaqua, New York

Suburb of: New York City
Population: 1,934
30s and 40s: 26.2%
Median household income: $250,001
Median home value: $1.09 million

Bottom Line: Chappaqua

Known for celebrity residents and a compact village feel, Chappaqua offers a strong sense of community and easy train commutes to Manhattan. The Hudson Valley setting provides hiking, kayaking and plentiful outdoor recreation, along with clubs and sports facilities for active families.

3. Southside Place, Texas

Suburb of: Houston
Population: 1,883
30s and 40s: 26.3%
Median household income: $250,001
Median home value: $1.8 million

Bottom Line: Southside Place

Adjacent to West University Place, Southside Place offers similar upscale amenities and proximity to the Texas Medical Center and Rice University. Tree-lined streets, strong community ties and local events make it attractive to affluent professionals under 50.

2. Munsey Park, New York

Suburb of: New York City
Population: 2,710
30s and 40s: 27.8%
Median household income: $250,001
Median home value: $2.05 million

Bottom Line: Munsey Park

Munsey Park is an exclusive Long Island village with a long history of steady development and high property values. Its elevated cost of living appeals to well-off buyers who prize proximity to Manhasset Bay and the quieter suburban lifestyle north of the city.

1. Short Hills, New Jersey

Suburb of: New York City
Population: 13,428
30s and 40s: 27.9%
Median household income: $250,001
Median home value: $1.67 million

Bottom Line: Short Hills

Short Hills combines easy access to Manhattan—less than an hour by train—with a high quality of life, upscale dining and surprising nightlife for a suburb. The population is highly educated and largely white and Asian. Nearby natural areas, including the Great Swamp National Wildlife Refuge, offer year-round outdoor recreation.

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