The richest people in America live on this Miami island
The richest people in America live on Fisher Island, a tiny barrier island between Miami Beach and Key Biscayne, according to a study released Tuesday morning.
Fisher Island’s 33109 zip code was ranked the wealthiest in the country, topping glitzy neighborhoods in Los Angeles, New York City, and downtown Miami. A Bloomberg study of 2015 tax data concluded the average income was $2.5 million.
The island stands at less than one square mile and is only home to 500 people, though the population represents more than 50 nationalities.
Many residents own property on the island, but do not permanently reside on it. Residents and workers can only get to the 216-acre island by ferry or water taxi, which prohibits unapproved outsiders from visiting.
In the late 19th century, the land was actually part of the Miami Beach island. In 1906, the government wanted to minimize traffic to its ports and dug a canal called Government Cut to create a channel between Miami Beach and what is now Fisher Island.
The island was first owned by Dana Dorsey, South Florida’s first African-American millionaire. She sold the property to real estate mogul Carl Fisher in 1919. The following year, Fisher traded it to William Vanderbilt II. Vanderbilt died in 1944 and the island was sold around a handful of times until finally being seized by the Fisher Island Club in 1987, who currently owns it.
Real estate can go for more than $26 million. The best spots include views of the Atlantic Ocean and Miami skyline.
Residents have access to a bank, post office, grocery store, high-end restaurants, nine-hole golf course, 18 tennis courts, spa, and a bird-watching area – just to name a few amenities. One unexpected perk of the island is its mile of beachfront filled with sand imported from Bermuda.
Fisher Island is also the only U.S. zip code where more than half of all 2015 tax returns reported incomes greater than $200,000.
Silicon Valley’s 94027 zip code in Atherton was ranked second place. San Francisco residents in this area had an average income of approximately $1.5 million – significantly lower than Fisher Island residents.