The City of Newport Beach is very affluent. The medium household income is well over $100,000 and a medium home price exceeds $1 million. This makes the city the eighth most expensive real estate market in the country. To celebrate the success of their first hundred years, this green globe was placed in McFadden Square in 2006. The artist, Hank Kaminsky, created bas-relief images of historic landmarks, residents and activities that have made this resort town great. A centennial timeline of major events is also revealed in the stones surrounding the artwork.