How Much More 90210 Residents Spend Than the Rest of Us
In Beverly Hills, the city might not be able to keep the public library open every day, and life is so sweet they're bottling their own scent, and now one of the world's most iconic zip codes has been hailed as one of the 25 most affluent suburbs in the nation.
While the average American spent $38,780 per household in 2010, Bev Hills dwellers spent $100,450 per household, ranking the city 17th on the list of 25. The spending, compared to the average, breaks down as follows (h/t LA Biz Observed):
--Travel & leisure: +144%
A few other California cities made the list, including our OC friends in Newport Beach (#20, $91,367 per household). The biggest spenders, per household, in the country? Not one of the usual suspects (Palo Alto or Los Gatos, California; Westport or Greenwich, Connecticut, etc.) but rather the city of Medina, Washington, located 8 miles outside of downtown Seattle, whose deep pockets shelled out $148,394 per household in 2010. Microsoft money, or what? In March 2010 Bundle broke down how much we spent on food via dining out and groceries in 2009.