No surprise: Washington is nationês most affluent metro area
Hereês confirmation of what many may have already known: Washington is the nationês most affluent metro area. The study, done by the Business Journals and based on Census Bureau figures, looked at 12 factors, including income, cost of homes, proportion of high-end jobs and residents with advanced college degrees.
In addition to the stable federal government job base, the Washington area has many high-paying private jobs in accounting, architecture, engineering, legal services, health care and technology.
« Third highest in median household income ($89,826) and per capita income ($43,411).
« Fourth highest in percentage of households with incomes of $150,000 or more (25 percent) and of workers in management, business, science and the arts (51 percent).
« Fifth highest in percentage of residents with advanced degrees (23 percent).
On a related note, credit card debt in the Washington-Baltimore area grew 3.9 percent in the second quarter from a year ago, according to Equifax. The credit rating agency noted that such growth is usually taken as a sign of increasing consumer confidence.Download Bulletin PDF