Silicon Valley had the second-highest concentration of wealthy households during the period of 2007-2011, according to a report the U.S. Census Bureau released Monday, Feb. 11.
The report stated that 15.9 percent of Silicon Valley households are in the top 5 percent of the nation's income earners -- those who make more than $191,469 per year. The statistical area is defined as "San Jose, Sunnyvale and Santa Clara" and includes Palo Alto, according the Bureau.
The greatest concentration of wealth in the nation lies in the area of Connecticut that contains Bridgeport, Stamford and Norwalk, where 17.9 percent of households are in the top 5 percent.
The metropolitan area of San Francisco, Oakland and Fremont ranked the fourth highest in the nation, with 13 percent of its households in the top 5 percent.