Palo Alto made the list of "The 10 Richest Small Cities In America," coming in second in a survey released today by Movoto, a real estate research blog.
"Home to Stanford University, Tesla Motors, and the late Steve Jobs, Palo Alto is one of the wealthiest spots in Silicon Valley, and one through which billions of dollars in tech money flows," writes Randy Nelson.
"This has contributed to its $122,482 annual median household income and median $1 million home value according to the U.S. Census."
The group looked at 950 places with populations between 30,000 and 80,000, and ranked them by looking at per capita numbers of fine dining restaurants, fine clothing and jewelry stores, luxury car dealerships, country clubs -- and even the number of cosmetic surgeons per capita.
The top spot went to Bethesda, MD. Six California cities are on the list, with Menlo Park at No. 5 and Foster City at No. 8.