Fairfax County is Second Wealthiest in Nation

How wealthy we feel, given the cost of housing, may be another matter.

Fairfax County residents are rather wealthy—at least on paper.

More than half of the 390,000-plus households in Fairfax County (53.3 percent) have income of more than $100,000, according to 2011 American Community Survey data from the U.S. Census Bureau.

With a median household income of $106,000, Fairfax County is the second wealthiest county in the entire United States. Loudoun County was first with a median income of $119,000. Arlington County is third with a median income of $101,000, according to the 2011 data, WTOP reported.

Those of us who live here know the cost of living is a major factor in how wealthy we actually feel.

Just last week, Fairfax County Board of Supervisors Chairwoman Sharon Bulova said residents of Fairfax County who make minimum wage could work 24 hours a day, seven days a week and still would not be able to afford a one-bedroom apartment due to high housing prices.

The cost of living index in the Washington, D.C. metropolitan area is 139.2, or almost 40 percent higher than the average metropolitan area in the United States, according to  the Fairfax County Economic Development Authority. The index for housing costs is 222.7, more than twice the average for major metropolitan areas in the United States.

Sound off: Do you feel like you're well off, or are you living paycheck to paycheck because of housing costs, student loans and other bills?

The following data comes from the 2011 American Community Survey data from the U.S. Census Bureau:

Income Number of Households Percent of Households Margin of Error Less than $10,000 8,915 2.3 +/- 0.4 $10,000 to $14,999 6.840 1.7 +/- 0.5 $15,000 to $24,999 17,232 4.4 +/- 0.6 $25,000 to $34,999 16,802 4.3 +/- 0.6 $35,000 to $49,999 26,419 6.8 +/- 0.8 $50,000 to $74,999 53,639 13.7 +/- 1.1 $75,000 to $99,999 53,086 13.6 +/- 1.1 $100,000 to $149,999 83,145 21.3 +/- 1.3 $150,000 - $199,999 52,426 13.4 +/- 0.9 $200,000 or more 72,842 18.6 +/- 1.0
EmilyNicholson September 22, 2012 at 05:51 PM
That always angers me,that housing is so crazy expensive around here! even a 1 room apartment.Do they think Everyone is rich?!! NO! we aren't.alot of us are kinda poor
Wien September 22, 2012 at 07:45 PM
Making a lot more money is net zero if you end up spending it all on higher COL. I wonder if there's a readily available study showing true wealth; a metric taking into considering average wealth less average cost of living/housing...more like an "disposable income" metric. That would make for a more interesting study than just "who makes the most".


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