Washington, D.C., is the seventh-richest city in the U.S., according to a Bloomberg Business analysis of 100 of the country’s largest metropolitan areas.
The findings reveal the 20 richest cities in the U.S., based on the 2014 gross metropolitan product per resident, from the U.S. Bureau of Economic Analysis.
San Jose, California, takes first place, with an output per resident of $105,482 — double the national average, according to Bloomberg. Bridgeport, Connecticut, comes in at No. 2 with $94,349 and San Francisco sits at No. 3 with $80,643.
Click through the gallery to check out the 20 richest cities.
In the seventh slot, D.C. has a GMP of $72,191, ranking above New York and below Durham, North Carolina
The wealthiest cities, according to Bloomberg, are among the economy’s “most productive hubs,” some of which also retain the headquarters of the world’s biggest tech companies. The tech boom has played a significant role in shifts in economic power among cities, the findings show.
Bloomberg’s breakdown highlights the increase in tech centers since the recession, as well as the high concentration of education workers in those richest cities. More people are going back to school because of the job market, according to the analysis.
The rankings take into account the country’s largest metropolitan statistical areas using data from the U.S. Census Bureau and the U.S. Bureau of Economic Analysis.
