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Posted on 03/06/2010 10:19:52 AM PST by bamahead
The country's fattest paychecks are brought home to these high-end suburbs.
The country may have started its long haul back to economic recovery -- if recent news that consumer spending increased slightly in January is any indication. But even so, most Americans still aren't ready to brag about their paychecks.
Except, perhaps, in Loudoun County, Va., where median household incomes are higher than anywhere else in the country. This affluent suburb of Washington, D.C., where families take home a median $110,643 annually, tops our list of America's 25 richest counties.
Wealth Radiates From the Capital
Like Loudoun, a number of the country's wealthiest households are tightly concentrated in counties around the nation's capital. Six of the richest counties lie on the outskirts of Washington: Fairfax County, Va., Arlington County, Va., Stafford County, Va., Prince William County, Va., Charles County, Md., and Alexandria City, Va.
Not far from D.C. lies another cluster of wealthy counties. Howard County, Md., a suburb of Baltimore, has a standout school system with standardized test scores that consistently beat out the national average, and median household incomes of $101,710
1. County: Loudoun County, Va.
Population: 277,433
Median Household Income: $110,643.00
Percent of Residents 25 or Older with Bachelor's Degree or Higher: 58
2. County: Fairfax County, Va.
Population: 1,005,980
Median Household Income: $106,785.00
Percent of Residents 25 or Older with Bachelor's Degree or Higher: 60
3. County: Howard County, Md.
Population: 272,412
Median Household Income: $101,710.00
(Excerpt) Read more at finance.yahoo.com ...
They do not create wealth - they steal it. I used to get the WSJ but it is lame anymore. They would have real estate near DC. Suburbs plus in the city. Manhattan was cheap compared to some of these homes and townhouses.
we have to be grateful for the sacrifices those in public service make for us /s
In the mid sixties after my dad retired from the Army, he took a civil service job at Walter Reed. We lived in Silver Spring, MD.
The cost of living and the price of homes were so high even then, that even with Army retirement and a good civil service job, my dad had to relocate back to Texas.
If you look at individual cities, versus counties, these are pikers ;-)
An article with an eye toward balanced reporting would also include the cost of living in that area.
Beltway Bandits make up the populace in Loudon and Fairfax Counties. Some government workers, but Freddie Mac millionaires, lobbyists, consultants to gubmint.
Freddie Mac is prohibited from lobbying, correct? So how come Congress can’t do anything about them?
Oh, Freddie Mac can’t EXPLICITLY pay lobbyists (like the banks). LOL! So, its all under the table of course. Check the restaurants in Fairfax, Arlington, etc to see Freddie people mingling with HUD top brass and tangential lobbyists (e.g., BofA lobbyists lobbying on behalf of Freddie to buy loans).
It really is so corrupt its sickening.
I was a teenager there at the same time. Now, I notice that Montgomery Co. is no longer among the wealthiest as it once was. The influx of illegals and the spread of former DC residents is probably the reason for that.
Yep, big pieces of Montgomery County have really gone downhill. Much of Silver Spring, Wheaton, Glenmont, White Oak areas have gone downhill. Even areas up Route 29 around Briggs Chaney and Burtonsville have gone “ghetto” in some ways.
Yes, I am glad to be gone. I lived south of White Oak off New Hampshire Av. just inside the Beltway. It was nice when we got there in ‘62 but I’ve been gone from the whole area since the mid-80s. You have to get out toward Olney and such to get away from it.
10 or 15 years ago I would have agreed with you about Fairfield County. Bridgeport and the smaller cities have done their best to drag down the median income, though. I’m sure if all of our “guests” were factored into the equation, it would look even worse.
Considering DC is a goobermint town, all these wealthy suburbs are basically one giant transfer payment from the rest of the country!
Maryland “Freak State” PING!
Your tax dollars at work!
PING!
Because we ***LET*** them???
Yeah, Im in Collin County, Tx right now. Plano, Frisco, Allen...how did we not make this list?
This really should not surprise anyone — between the fed, the state and local governments, wages are more than decent - the fed average is $70k +, and state and local governments in that area pay very well, also.
Not to mention all the high dollar lobbyists and DINKs (Dual Income No Kids) who live in the area.
Also, note that the $100k income figures are the MEDIAN — IOW, 1/2 of the households in the area have income above the median and 1/2 have less.
Also note that there have been no government layoffs, either — though there surely ought to be.
I lived in Northern VA for 9 years. I was reminded of the importance of money at most every turn, particularly when I ventured Inside the Evil Beltway — which was often because as a lobbyist for the National Retail Sales Tax, I had to go there to conduct my business.
It is a corrupt and corrupting environment rife with power, money and temptation. It takes a person with a very strong character to withstand all the “opportunities” that are available.
The list is bogus. They needed a story, thats all ;-)
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