Census Bureau data shows wealth continues to concentrate in DC suburbs

The U.S. Census Bureau released its 2015 Small Area Income and Poverty Estimates (SAIPE) program data on Wednesday, showing that nine of the top 20 counties in terms of median household income are all in the Washington, D.C., area, including the first four.

Loudoun County, Va., ranked first by a wide-margin, sporting a median income just shy of $126,000 in 2015, followed by Fall Church City, Va., Fairfax County, Va., and Howard County, Md., all three with incomes eclipsing $110,000.

By comparison, across all 3,141 U.S. counties, median household income was an estimated $55,755, with noticeable concentrated wealth in the Boston-to-Washington corridor and the San Francisco Bay Area.  The wealthiest counties outside of these two regions are Douglas County, Colo., south of Denver; Los Alamos County, N.M., home of the Los Alamos National Laboratory; and Williamson County, Tenn., in the south Nashville suburbs.

Despite obvious regional wealth discrepancies, the most significant increases in median household income over the past decade have come in areas of the Upper Midwest and central and southern Plains that have benefited economically from the oil boom.

As shown above, nearly 130 more counties across the country have had a “statistically significant decrease” in median income since 2007 than those that have had a similar increase.

From 2014–2015, conversely, 440 counties, or 14 percent, saw median income rise, compared to only 51, or 1.6 percent, that have suffered a significant decrease within the one-year period.

SAIPE also showed the median U.S. child poverty rate at 16.5 percent.  Since 2007, a staggering 569 counties have seen the overall poverty rate increase, while it has decreased in only 63.

 

[CNS News] [PR Newswire] [Photo courtesy RichmondAmerican.com]