Newport Beach Named Wealthiest U.S. City
Coastal city Newport Beach was named the country's top wealth center last week by business news provider Portfolio.com, beating out dozens of major cities and economic centers for the title.The survey made use of a point system using such factors as family income, property values, and local industries. In most cities, the percentage of families with incomes over $200,000 and homes valued over $1 million played the biggest roles.Newport Beach got ....
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