Allentown shows significant growth in high-income households

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Allentown, Pennsylvania has the second highest growth rate of high-income households in the US, according to a survey by SmartAsset. The city saw a 163.6% increase in high-income households, defined as those making $200,000 or more per year, between 2021 and 2022. However, Allentown's overall percentage of high-income households is still lower than many other cities, with Bay Area cities having the highest rates. High-income households can have a significant impact on local economies and put pressure on housing markets and tax bases.