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Move to a top-earning town

Moving to certain areas could mean making more money.

Moving to certain areas could mean making more money.

People looking to make more money may want to consider moving to one of the top-earning towns named by CNN Money.

Ranking first on the list is Bethesda, Maryland. Residents in this East Coast town make an average income of $172,541 annually. This isn't surprising considering one out of every two people living in this area has a graduate degree, CNN said.

Purchasing a home here isn't cheap. The median price of a place is reported to be $725,000, CNN found. However, good credit scores combined with the residents' six-figure incomes are likely to help them get a mortgage loan.

Moving to Bethesda does have its perks. A number of festivals take place throughout the year, including the Taste of Bethesda and a literary event in the spring, CNN said. There are also a number of diverse restaurants and more than a dozen art galleries.

Rounding out the top five is Greenwich, Connecticut; Palo Alto and Newport, California; and Lower Merion, Pennsylvania.

If a person is moving to an area because of better paying job, they should speak with their employer about possible help with relocation costs.ADNFCR-3450-ID-19890215-ADNFCR