Northern Virginia boasts some of the nation’s wealthiest counties, but nestled among the affluence are pockets of poverty with an outsize effect on minority residents, according to a new report. Loudoun County, the wealthiest in the country, boasts a median income of $122,238 and a poverty rate of 4 percent.
What is the richest part of Virginia?
Great Falls is the richest town in Virginia and one of the richest in the entire country. The median annual household income is over $228,000 — more than triple that of the state.
Where do rich people live in Northern Virginia?
Here’s the complete ranking, with the percentage cost-of-living adjustment and adjusted median income for each county in the top 10:
- Loudoun County, 12.3%, $126,674.
- Stafford County, 4.8%, $106,048.
- Forsyth County, Ga.
- Fairfax County, 21.1%, $103,100.
- Douglas County, Colo., 17.3%, $102,110.
What is the richest county in Northern Virginia?
List of Virginia locations by per capita income
| Rank | County or City | |
|---|---|---|
| 1 | Arlington | County |
| 2 | Falls Church | City |
| 3 | Alexandria | City |
| 4 | Fairfax | County |
Is it worth living in Northern Virginia?
Northern Virginia is much more affordable when compared to cities like Boston, New York, and Washington, D.C. There are plenty of ways to get a good deal on an apartment, so if you plan on living in Northern Virginia, you could be doing your wallet a favor! You’re close to both the nation’s capital and scenic terrain.
Is Virginia a rich state?
Median household income: $76,456
Virginia is home to five of the wealthiest counties (Arlington, Fairfax and Loudoun) and independent cities (Fairfax and Falls Church) in the country by median household income, based on 2015-2019 data from the U.S. Census Bureau.
What is a good salary in Northern Virginia?
Northern Salary in Virginia
| Annual Salary | Monthly Pay | |
|---|---|---|
| Top Earners | $122,341 | $10,195 |
| 75th Percentile | $85,149 | $7,095 |
| Average | $60,724 | $5,060 |
| 25th Percentile | $34,255 | $2,854 |
What percentage of VA is black?
19.9%
Table
| Population | |
|---|---|
| White alone, percent | 69.4% |
| Black or African American alone, percent(a) | 19.9% |
| American Indian and Alaska Native alone, percent(a) | 0.5% |
| Asian alone, percent(a) | 6.9% |
Why is Loudoun County so wealthy?
The reason it’s so well off is the proximity to dc and large tech/defense corridor. The county attracts the rich because you can buy a McMansion with land, and still get to work.
What is Virginia’s cost of living?
Our cost of living indices are based on a US average of 100. An amount below 100 means Virginia is cheaper than the US average.
Virginia cost of living is 103.7.
| COST OF LIVING | Virginia | United States |
|---|---|---|
| Health | 102.4 | 100 |
| Housing | 111.8 | 100 |
| Median Home Cost | $329,200 | $291,700 |
| Utilities | 99.3 | 100 |
What’s the poorest city in Virginia?
Farmville
| State | Poorest Town | Population |
|---|---|---|
| Virginia | Farmville | 8,076 |
| Washington | Kelso | 11,983 |
| West Virginia | Kenova | 3,095 |
| Wisconsin | Whitewater | 14,766 |
What is the average income in Northern Virginia?
Table
| Population | |
|---|---|
| Mean travel time to work (minutes), workers age 16 years+, 2016-2020 | 32.1 |
| Income & Poverty | |
| Median household income (in 2020 dollars), 2016-2020 | $127,866 |
| Per capita income in past 12 months (in 2020 dollars), 2016-2020 | $58,338 |
What is America’s wealthiest state?
Richest U.S. States by GDP
- 1. California. California, the nation’s most populous state, has the largest state GDP of $3,120,386,000. California’s median household income is $80,440, the sixth-highest in the U.S.
- Texas.
- New York.
- Florida.
- Illinois.
What is Northern Virginia known for?
In addition to business being driven by the proximity to the federal government, Northern Virginia is known for its entrepreneurial spirit and technology based companies. Currently, nearly 70% of all Internet traffic flows through Northern Virginia. Resources: Alexandria Economic Development Partnership.
Is Northern Virginia a good place to raise a family?
A pricey place to settle down, Old Town might be better for retirees looking for a walkable, active neighborhood with plenty of activities. As evidenced above, Northern Virginia has some of the best neighborhoods for families with children, young professionals, and retirees alike.
Is it smart to move to Virginia?
There are many pros and cons to moving to Virginia, but the pros definitely outweigh the cons. From a low crime rate, great quality of healthcare, and a strong economy, it is no surprise that Virginia is one of the best places to live. Surrounded by history and living in the heart of where America began is pretty cool.
Is Virginia rich or poor?
Today, Virginia is still one of the wealthiest states in the South. Virginia is also one of twenty-two right-to-work states.
Is Virginia a poor state?
The poorest U.S. states can be determined by looking at poverty rates and median household incomes. In 2019, the U.S. poverty rate was 12.3%.
Poorest States 2022.
| State | Mean Household Income |
|---|---|
| Mississippi | $62,835 |
| West Virginia | $63,680 |
| Arkansas | $66,557 |
| New Mexico | $69,077 |
Is Virginia a poor country?
Overall, out of Americans for whom the Census Bureau was able to determine poverty status, 42.31 million lived below the poverty line (or 13.15% of the total population).
List.
| State or Territory | Virginia |
|---|---|
| Population | 8,255,575 |
| Population under Poverty Line | 826,708 |
| Poverty Rate | 10.01% |
What is middle class in Northern Virginia?
Northern Virginia’s middle class includes people with incomes from $43,950 to $131,380, according to Pew.
How much do you need to make to live comfortably in Virginia?
How much money do you need to live comfortably in Virginia? According to livingwage.mit.edu, a living wage calculator based at MIT, you’ll need a salary of at least $26,631 if you have no children. If you are one adult with two children, you’ll need $61,780 after taxes.
