Berkeley Lake Ranked Wealthiest City in Georgia
Gwinnett city has the highest concentration of wealthy residents in the state.
Recent data shows the city of Berkeley Lake is No. 1 in a top-10 list of the greatest number of households with incomes above $150,000, according to a recent report by the Atlanta Business Chronicle.
It's not the first time this city of some 2,000 garnered the No. 1 spot on the top 10 list. The census report 10 years ago revealed the same data.
Berkeley Lake's mayor, Lois Salter, said she isn't exactly sure why the city seems to draw residents with a higher-than-average income.
The city does attract a number of people who enjoy the natural beauty of the community. "We do have a high concentration of artists who live here," she said. And Berkeley Lake also has a high number of people who operate computer-based businesses from their homes she said.
Ginny Nevins, a broker with Windsor Realty who sells homes in Berkeley Lake points to the fact that there are no apartment complex or condos within the city limits which typically draw people in lower-income brackets.
The city also has number of lake-front and river-front property which drives up the cost of a typical home. According to City-Data.com, the average price of a home in Berkeley Lake is over $428,000, and water-front homes sell for $750,000 to over $1 million.
Data was analyzed for 14,214 cities, towns and villages with populations of 1,000 or more to find the highest concentrations of households with incomes above $150,000 in 2009.
Below is a list of the top 10 wealthiest Georgia cities (or communities) along with the percentage of households with incomes above $150,000:
- Berkeley Lake -- 41.23 percent
- Milton -- 36.94 percent
- Johns Creek -- 30.64 percent
- Skidaway Island -- 27.26 percent
- Dunwoody -- 26.58 percent
- Druid Hills -- 26.51 percent
- Sandy Springs -- 25.23 percent
- Alpharetta -- 23.75 percent
- Roswell -- 22.84 percent
- Peachtree City -- 21.98 percent
According to the data, there were some 15 percent of households in Atlanta with households of $150,000 or more.
Kat
1:41 pm on Thursday, September 15, 2011
Yet they are getting federal money to repair their dam.
Ben
7:02 am on Friday, September 16, 2011
So with this news, Why would anyone want to be in Peachtree Corners? Talk about Property Values! I now want to stay in Berkley Lake City...
Alex J. Wright
2:22 pm on Friday, September 16, 2011
Really,
Two thoughts........
1) I suspect if the report was able to break out PC as a city on that report we would be fairly high up on the report. The Forum used to have a link to a property fact sheet that showed a map of the metro area that was colored by household income. Unfortunately the link is no longer active. However, if it was you would be able to see quite clearly that PC is on par with Johns Creek, Dunwoody, etc in terms of household income.
2) You say "I now want to stay in Berkley Lake City....". That sentence seems to imply that you already live in Berkeley Lake. Maybe I'm misreading it and you are implying you would rather be annexed by Berkeley Lake instead. However, if indeed you do live in Berkeley Lake then I'm not sure why you have much of an interest in whether the residents of Peachtree Corners choose to incorporate or not. We had an individual that recently submitted a letter to the editor in this Patch who was strongly against incorporation. Come to find out (not through any disclosure of his own mind you) that he lived in Johns Creek. As the saying goes "he didn't have a dog in the fight".