Bloomberg News: DC Wealthiest US Metropolitan Area

by Prince Of Petworth October 19, 2011 at 1:30 pm 42 Comments

Photo by PoPville flickr user philliefan99

Every afternoon when we look at rental options, I and others are often struck by how expensive prices have become. A reader sends in a link to a story from Bloomberg news perhaps explaining in part the reason:

“Federal employees whose compensation averages more than $126,000 and the nation’s greatest concentration of lawyers helped Washington edge out San Jose as the wealthiest U.S. metropolitan area, government data show.

The U.S. capital has swapped top spots with Silicon Valley, according to recent Census Bureau figures, with the typical household in the Washington metro area earning $84,523 last year. The national median income for 2010 was $50,046.”


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