Fisher Island is Still America's Richest Zip Code, According to Forbes
For years Miami's most exclusive enclave, Fisher Island, reigned as the country's most expensive zip code. Falling real estate prices have knocked it down a few pegs on that list in recent years, but the people who call the insular island home, many of whom probably bought their homes at the height of the market, are still loaded. So loaded in fact that according to Forbes' calculations it's still America's number one "Millionaire Capitol."
Forbes.com combed through IRS data and ranked zip codes by the average income of those who make at least $200,000 a year. They then estimated the average net-worth for people making over $200,000 a year. Fisher Island came in first place by a large margin.
The financial magazine estimates that the "average net worth for taxpayers here with at least $200,000 of income is $57.2 million." The average for the next locale on the spot, Alpine, N.J., was only (and we use that term relatively) was $27.5 million.
Incidentally, last week New Times chronicled the bizarre battle for control of the island that includes Russian billionaires and accusation of assassination by poison.
Fisher Island may be the only zip code on the list to include such drama, but is far from the only Florida area on the list. Palm Beach came in fourth with an average high-end income of $23.3 million. Boca Raton was at seventh with $21.2 million. Key Largo was 11th with $17.9 million.
Another Miami area, Bay Harbor Islands, was 14th with $16.6 million. Fort Lauderdale and Naples (where coincidentally today's post-Turkey Day edition of Riptide is originating from) also made the top 20.
[viaThe Pulp: Florida Cities Occupy the Forbes List of "America's Millionaire Capitals"
Get the This Week's Top Stories Newsletter
Every week we collect the latest news, music and arts stories — along with film and food reviews and the best things to do this week — so that you’ll never miss Miami New Times' biggest stories.