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I spent a morning in the richest town on the East Coast, a picturesque village 35 minutes north of NYC where the average household income is almost $420,000. Here's what it looks like
I spent a morning in the richest town on the East Coast, a picturesque village 35 minutes north of NYC where the average household income is almost $420,000. Here's what it looks like
I spent a recent morning in Scarsdale, which is only about 35 minutes by train from New York City and is full of charming boutiques and multimillion-dollar estate-like homes.
With its quiet village atmosphere, top-rated schools, immaculate homes, and proximity to NYC, Scarsdale seems like the best of both worlds - if you can afford to live there.
Scarsdale, a town of about 18,000 people 35 minutes north of New York City, is the richest town on the East Coast and the second-richest in the US, according to Bloomberg's 2019 Richest Places report.
It's beat only by Atherton, California, a Silicon Valley town that tech billionaires including Google's Eric Schmidt and Facebook's Sheryl Sandberg have called home.
Read more: Inside the most expensive town in America, where tech moguls live in multimillion-dollar mansions and the average household income is over $450,000
Scarsdale's average household income jumped $30,000 from the year prior to $417,335, according to Bloomberg.
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The affluent community, which is both a town and a village, is located in New York's Westchester County, an area that consistently sees various towns ranked among the country's most affluent.
Anne Moretti, a real estate broker at Julia B. Fee Sotheby's International Realty, told me Scarsdale lures many buyers from Manhattan.
"Scarsdale's consistently high-ranking school district plus the easy 35-minute commute to Grand Central makes it a great place to live," she said.
In 2018, the average home price in Scarsdale was $1.8 million, Moretti said. And so far in 2019, the housing market has been "very active," she says, despite high inventory levels of homes priced above $3 million.
"There have been bidding wars on homes in the $1 million to $1.5 million range," Moretti said.
Residents of Scarsdale tend to be "leaders in their respective fields of medicine, journalism, finance, literature, law, and technology," Moretti said.
I spent a few hours walking around Scarsdale and getting a peek at some of its stately homes. Here's what it looks like.
From my apartment in Brooklyn, I headed to Grand Central Station to catch the Metro North up to Scarsdale.
I was on an express train, so the journey took only about 35 minutes.
I stepped out of the train station in Scarsdale to a bright and sunny spring morning.
I immediately noticed that it was very quiet and clean, which is pretty much my first thought whenever I go anywhere outside of New York City.
The charming little train station put me right in the center of town. Scarsdale, which is officially both a town and a village, has a population of about 18,000. It was recently ranked the richest town on the East Coast — and the second richest in the US — by Bloomberg.
In the 1920s, Scarsdale experienced a building boom that tripled the town's population by the end of the decade, according to the Scarsdale Historical Society.
One of the most prominent examples of Tudor-style architecture is the historical Harwood Building, finished in 1928.
Today, it houses stores including the Village Computer Shop and upscale men's clothing store Rothman's.
As I walked through Scarsdale's charming, compact town center, I passed hair and nail salons, art galleries, bakeries, gift shops, and clothing boutiques. I was pleasantly surprised by the lack of chain stores.
The shops had names like Petticoat Lane and Pookie and Sebastian.
A place called Nordic Edge was offering cryotherapy, a now-trendy wellness treatment that involves exposing your body to super-cold temperatures to soothe sore muscles and boost metabolism.
Scarsdale has a reputation for having some of the best public schools in Westchester County, which is what draws many families to the area, according to Moretti.
I went to get a look at Scarsdale High School, which has been ranked among the top 100 high schools in the country.
"Scarsdale High School enjoys a national reputation as one of America's finest high schools," principal Kenneth Bonamo wrote on the school's website. "The richness of our curriculum, the preparation of our faculty, the achievements of our students, and our record of college admissions at the nation's leading universities all demonstrate a pattern of excellence."
My next stop was Scarsdale's Murray Hill neighborhood, known for its estate-like homes set on relatively large swaths of land.
"It's not only an exclusive neighborhood, but one rich with history since the American Revolution," Moretti of Julia B. Fee Sotheby's International Realty told Mansion Global.
While the average home price in Scarsdale was $1.8 million in 2018, prices in Murray Hill are significantly higher, at an average of $3.44 million, according to Moretti.
I took a short Uber ride to get a look at The Heathcote, a new building that offers 14 ultra-luxurious boutique residential units for rent starting at $9,500 per month.
The residence is across the street from the Golden Horseshoe Shopping Center and Balducci's Food Lover's Market, a high-end specialty market that seemed to be bustling with shoppers.
After my tour of Scarsdale, it was clear why affluent families are drawn to its charming downtown area, top-rated schools, and immaculate, multimillion-dollar homes with large yards.
While it may not be the most exciting place in the world, with New York City only 35 minutes away, it certainly seems like you can get the best of both worlds — if you can afford it.