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Millionaire meltdown in Los Alamos: Nuke lab town has highest concentration of rich in America
Daily Mail ^ | 4th November 2011 | Chris Parsons

Posted on 11/08/2011 1:11:38 PM PST by george76

Nearly 12 per cent of households in Los Alamos have assets worth $1m or more.

The northern New Mexico town of Los Alamos has been revealed as having the highest concentration of millionaires in America.

The town, which is home to a government nuclear weapons lab, topped a report after it was found that more than one in ten households is home to a millionaire.

Report findings state there are 885 millionaire households among the population of Los Alamos of around 18,000.

...

Los Alamos saw off competition from Naples, Florida, which was second, and Bridgeport, Connecticut, which was third in the list.

(Excerpt) Read more at dailymail.co.uk ...


TOPICS: Business/Economy; US: Connecticut; US: Florida; US: New Mexico
KEYWORDS: losalamos; millionaires

1 posted on 11/08/2011 1:11:40 PM PST by george76
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To: george76

Take much bigger offer for me to live there.


2 posted on 11/08/2011 1:16:37 PM PST by EggsAckley ( There's an Ethiopian in the fuel supply ! !)
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To: EggsAckley

I was just going to say something similar. If given the choice between there and Naples, I’m picking Naples every time.


3 posted on 11/08/2011 1:21:51 PM PST by EEGator
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To: EEGator; EggsAckley
I was just going to say something similar. If given the choice between there and Naples, I’m picking Naples every time.

And besides, every ten years or so, it's threatened with burning down by out of control forest fires.

4 posted on 11/08/2011 1:25:11 PM PST by CedarDave
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To: george76

And the highest per capita income is found among residents of the suburbs of Washington, D.C. Why is that, do you suppose?


5 posted on 11/08/2011 1:27:12 PM PST by TonyInOhio
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To: george76

They probably went there to get away from people conducting surveys.


6 posted on 11/08/2011 1:28:23 PM PST by obama-facts (www.obama-facts.org)
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To: TonyInOhio

Strictly coincidence. /s


7 posted on 11/08/2011 1:29:31 PM PST by EEGator
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To: george76

Please, everyone. Get to work (if you have a job) and pay your taxes. Move along. There is nothing to see here.


8 posted on 11/08/2011 1:29:45 PM PST by hal ogen (First Amendment or Reeducation Camp?)
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To: george76

This cannot possibly be right. Bridgeport is a slum full of welfare recipients.

What about towns like Greenwich, Connecticut and Palo Alto in California?


9 posted on 11/08/2011 1:29:59 PM PST by proxy_user
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To: EEGator
Naples, Italy?

Naples, CA?

Naples, FL?

Naples, Maine????

10 posted on 11/08/2011 1:32:12 PM PST by Osage Orange (Si Vis Pacem, Para Bellum)
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To: george76

UNIONS


11 posted on 11/08/2011 1:32:59 PM PST by DainBramage
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To: Osage Orange

Did you read the article? Naples, FL.


12 posted on 11/08/2011 1:37:49 PM PST by EEGator
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To: george76

I think Midland, TX and Round Rock TX are among the highest in TX... don’t know how that compares to Los Alamos.


13 posted on 11/08/2011 1:38:29 PM PST by matthew fuller ((1) fully fund defense, (2) transform entitlement programs, and (3) do not raise taxes!)
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To: Osage Orange

I would also take Naples, Italy.


14 posted on 11/08/2011 1:39:03 PM PST by EEGator
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To: george76

It does have a nice ocean view


15 posted on 11/08/2011 1:39:36 PM PST by woofie (It takes three villages and a forest of woodland creatures to raise a child in Obamaville)
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To: EEGator
What article?

Hehehehe

16 posted on 11/08/2011 1:40:45 PM PST by Osage Orange (Si Vis Pacem, Para Bellum)
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To: Osage Orange

I must admit I’ve been guilty of posting without reading more than once.


17 posted on 11/08/2011 1:43:21 PM PST by EEGator
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To: george76

Los Alamos, NM and Los Altos, CA have something in common. Very expensive housing.

Los Alamos also has quite a few Chinese restaurants, which is curious, considering the size of the town.

It’s a strange place, and they roll up the sidewalks at 9 pm, too.


18 posted on 11/08/2011 1:44:28 PM PST by Disambiguator
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To: george76

Wow, to think that it pays well to be a nuclear physicist... or nuclear engineer.

Boggles the mind, don’t it?


19 posted on 11/08/2011 1:55:35 PM PST by gogogodzilla (Live free or die!)
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To: proxy_user

And Palo Alto is a normal town compared to Woodside or Atherton CA.


20 posted on 11/08/2011 2:00:43 PM PST by Betis70 (Bruins!)
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To: CedarDave
At one time Gallup, New Mexico had one of the highest concentrations of millionaires in the country. That was before the housing boom and the explosion in consumer electronics.

Many, if not most, were from the sizable Lebanese community in Mexico who found that trading in Navajo Jewelry and Art (real and imitation) was very profitable. Low overhead, high margins and high turnover plus an endless supply of gullible customers (who couldn't tell a Navajo from a Lebanese) delivered to their doorstep via I-40 made for a perfect setup for culturally sharp traders.

That, plus a mostly cash business under the IRS radar, made a bunch of Lebanese very wealthy.

But you had to live in Gallup.

21 posted on 11/08/2011 2:23:44 PM PST by MARTIAL MONK (I'm waiting for the POP!)
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To: TonyInOhio

Let me assure you, Washington is a very expensive place. Having an income that would make you “rich” in Peoria makes you just middle class here.


22 posted on 11/08/2011 3:21:09 PM PST by Poundstone (A recent Federal retiree and proud of it!)
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To: george76

Overpaid government workers.


23 posted on 11/08/2011 6:21:20 PM PST by UnwashedPeasant (Don't nuke me, bro)
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To: EggsAckley
It is absolutely gorgeous though. Great climate and azure blue skies.

That said, I lived in NM for a couple of years. It is well known -- the vast majority of the beautiful homes in the outskirt towns of Albuquerque are owned by the scientists from the labs in the area. Then when they are done with the labs they go out on their own as consultants to the same labs, doing the same jobs but charging 3x as much.

24 posted on 11/08/2011 6:28:00 PM PST by riri
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To: george76; LegendHasIt; Rogle; leapfrog0202; Santa Fe_Conservative; DesertDreamer; OneWingedShark; ..
Older article PING...

NM list PING! Click on the flag to go to the Free Republic New Mexico message page.

(The NM list is available on my FR homepage for anyone to use. Let me know if you wish to be added or removed from the list.)

25 posted on 11/16/2011 3:55:08 PM PST by CedarDave
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To: george76
The northern New Mexico town of Los Alamos has been revealed as having the highest concentration of millionaires in America.

Yes, that's where we keep our nuclear secrets, coincidence?

26 posted on 11/16/2011 5:42:52 PM PST by oldbrowser (They are Marxists, don't call them democrats)
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To: MARTIAL MONK
Gallup a rich town? I find that hard to believe. I have been to Gallup and it looked pretty crappy. As far as that and the Lebanese population I guess you know. I remember a Palestinian woman working in one of the shops complaining about Israel.
27 posted on 11/16/2011 5:54:35 PM PST by Ditter
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To: Ditter
Gallup is one of those towns that you go to get rich, not to live rich. It’s like a mining town or an oil boom town.

If you have been to Gallup, you have doubtless seen some of the little roadside stands along the highway pullouts where the Navajo women have a table and a little display of jewelry. Many are making peanuts but with a good location and good merchandise many are making $400 or $500 or $600 a day for as many days as they care to work. Look at their cars. I’ve never seen so damn many Escalades in my life. One family had five. They have no credit, they pay for their cars in cash.

Twenty-some years ago I was offered a job on the reservation that paid $200,000 plus. The plus meant that no one knew the true figure. Base was around 200,000 but there were so many automatic sidelines that you could easily double that figure under the table and there weren’t any tax men around to say boo. The only limitation was time and stamina. The company making the offer had plenty of takers but none of them lasted more than six months. The job itself was gruelling and you had to be available 24 hours a day 7 days a week with no real days off except on a catch-as-catch-can basis. That, added to the harsh cultural and living conditions, drove all takers off in months under pain of divorce.

I was young and bushy tailed and I knew exactly what I was getting into. I figured that I would do it for the adventure, five years and out. Before I could make the move the offer was withdrawn as the company decided to try to run the territory from around the edges, Farmington and Flagstaff, and make less money but have fewer headaches.

Gallup is still a good place to get rich. They have cracked down on liquor and severely dented that but that opens up opportunities slightly more upscale. Hotel occupancy is high and rates are solid. Tradesmen with a skill don’t have a lot of competition. Being in New Mexico, Gallup is covered by their truth in labeling law but Indian jewelry is still a hot item and entry costs low. It’s a nasty place to live but with the reservation and I-40, the money is flowing.

28 posted on 11/16/2011 9:23:06 PM PST by MARTIAL MONK (I'm waiting for the POP!)
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To: MARTIAL MONK

Interesting, thanks.


29 posted on 11/17/2011 5:47:21 AM PST by Ditter
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