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America's Richest Cities - DailyFinance
The Wayback Machine - https://web.archive.org/web/20121012231319/http://www.dailyfinance.com:80/2012/10/08/americas-richest-cities/

    America's Richest Cities

    Posted 4:35PM 10/08/12 Posted under: Economy

    Alexandria, VirginiaMedian household income in the United States declined for the second straight year, the U.S. Census Bureau reports. The national median income was $50,502 in 2011, more than 8% below the 2007 pre-recession peak.
    The country's largest cities followed the pattern, with income falling in some cases by more than 10%, even in some of the wealthiest metropolitan areas.

    How well a city fared depends in large part on the industries that employ the most residents, according to Alex Friedhoff, a research analyst at Brookings Institute's Metropolitan Policy Program. High-tech jobs, particularly those related to computers and information technology, tend to pay higher salaries and are more likely to be in areas with affluent residents. Most of the jobs in the lower-income metro areas, on the other hand, tend to be in retail, service, agriculture and low-tech manufacturing.


    Other key indicators released for 2011 show the disparity between rich and poor cities. Poverty rates in some poor cities are well above the national rate of 15.3%. In McAllen, Tex., for example, more than 35% of residents lived below the poverty level in 2011. In Washington, D.C., one of the wealthiest cities, just 8.3% of residents did.

    These are America's richest cities.

    To identify the U.S. metropolitan statistical areas, or MSAs, with the highest and lowest median household income, 24/7 Wall St. reviewed city data on income, poverty rate, median home price and health insurance from the U.S. Census Bureau's 2011 American Community Survey (ACS). Based on Census treatment, median household income for all years is adjusted for inflation. We also reviewed unemployment data provided by the Bureau of Labor Statistics. The Census Bureau breaks out the data only for the 366 MSAs with 50,000 people or more. All ranks are out of those 366 metropolitan areas, except for unemployment, which is out of 372 areas.

    -Michael B. Sauter, Alexander E.M. Hess, Sam Weigley

    More from 24/7 Wall St.



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    deutschirishgirl

    Last time I checked - Boston, Cambridge & Quincy were not in New Hampshire! If the writer can't get that correct - how accurate is the rest of this?

    17 hours ago Report abuse rate up rate down Reply
    C. A. Williams

    I think it may be Old Towne, Alexandria Virgina near King Street & waterfront.

    Yesterday at 8:33 PM Report abuse rate up rate down Reply
    wesdik

    Being well educated is priceless, but money is the root of all evil.

    Yesterday at 8:26 PM Report abuse rate up rate down Reply
    brianbeeker

    Well, as far as being included here and thus a part of the issue in the Metro D.C. mess, I have the pleasure (hmmmm) being a provider of construction and service to the rich and ultra( old money) rich. I can say definitively that they overwhelmingly support the man they feel will protect their interest, they brag about not paying tax ( even getting money back), reaping the benefits of good full time lawyers and housestaff to retain the comfortable life they have aquired. This is not new news, years and years of service yeilds many confidences, some unwanted - " I wish I could kill....", " could you come in here...", " will you go to Paris or Russia to solve an issue?" Or being called on to Defend, mis represent to govt entities the nature and depth of a project, to rescue, or picking up naked broken bodies and getting help to same, even to resolve personal matters, or clean up a sexually oriented mess...and finally the point- this perception of my benefactors whom take every opportunity to enrich and care only as far as they need to get what they want. Not really are they the driving force behind the economy, but you would think so as you listen, many closet bigots ready to sacrifice us to rid the W.H. of this Obamanation. I hear and they speak- in code words, the meanings clear with context and repitition. Every now and then one is bared and the words are heard by the "others", but politics, being the art of the lie, acts to deny and distort until the reality is unrecognizable. Even Video becomes faded and muted until another patriot acts to tear away the curtain of power, priviledge and predjudice. Romney will save them, they need only to sacrifice the 'others' upon the alter of his Plan, resurrected GOP agenda proven time after time. They do not count the damage done to the country as a concern after 4 years of sabotage and survival. The reich is just only a bit further, and the anticipation is palable, whatever the cost in lives, morals can justify. A bigger lie is all that is needed and Resurrection cometh quickly. I get ill with it, and money in hand, run home to my family( gave some to the guy at the intersection with the sign) and wonder how people who were once patriots of this nations freedoms became slaves to the trappings they acquired, rich and morally bankrupt at the same time. Plotting and planning every tactic to tip the scales in ways unintended by the framers of this country, and yes, I work in the top of the business and political elite, so I have heard enough to become aware, and my eyes are open wide - in terror of what may come. I am so sorry for this realization - as they too lived and remember the civil rights, the free love, womens rights, equality and all the progressive human rights issues in my lifetime. They now seek to reverse much of what I lived through, believed in and fought for, because they enjoy a position to deny parity to those below. This is a great country worth fighting for and the battle rages

    Wednesday at 6:03 PM Report abuse -1 rate up rate down Reply
    1 reply to brianbeeker's comment
    gary

    Lame. Most of the 1%ers are DEMOCRAT. Take your bs elsewhere.

    Wednesday at 6:53 PM Report abuse rate up rate down Reply
    shawnkelly07

    Man. . . All yopu commentors. Put Politics to the side. Holy Cow! It has nothing to do with liberals, or corrupt polititians. . .D.C area is the richest area because. (1. Hopital and Health industries ie. Georgetown/ Howard/ Johns Hopkins/ Med Star/ U.S. Health Dept./ Kaiser P. (2. Private Defense Contractors ie Booze Allen/ BAE/ Lockheed Martin around bases such as Mead/ Pax River/ Myers/ McNair/ Andrews AFB/ Nat. Navy Yards. (3. Industiral Power houses ie. Johnson & Johnson/ Every tool maker in U.S./ Domino sugar/ Textiles Plants etc. (4. Highly educated Jobs= NASA in Greenbelt/ U. Maryland research centers ex. Solomons./ (5. Retail Main offices. example Tysons corner/ Tysons Galleria. (6. A million Government Jobs. (7. 23 different police Departments just in and around D.C "I know. . I used to work for one" (8. Energy ie. Nuclear Power plants BGE/ Constellation /Nuc Reg Comm. (9 to 100! on and on!
    If you need a job move to the D.C., M.D., V.A. area. I don't know why companies come here to set up shop when there are so many other places in the U.S. that could benifit from their help.
    oh yeah and "krnfreak55", thats capitol hill. It was part of my beat once upon an unlucky time :P

    Wednesday at 5:57 PM Report abuse rate up rate down Reply
    1 reply to shawnkelly07's comment
    shawnkelly07

    Or georgetown. now that I think about it. . . . not near the University but north east of there away from a little congestion. Or.... capitol hill like I originally thought.

    Wednesday at 6:04 PM Report abuse +1 rate up rate down Reply
    *LaUrA bOrA*

    I feel that everyone is getting bent out of sorts that the DC area is #1. You have to remember that with a title like that, the cost of living is extreme. When I go out of town and see ads for "brand new house coming soon, priced at $200,000" I laugh to myself that $200,000 will not even buy you a 30 year old townhouse here! It's incredible how much everything costs here. I'd say just be glad you don't have to deal with such high living costs. I'm paying about $1500/month on a 1 bedroom, 1 bath apartment. If that sounds like your idea of a good way to use your money, I would say, please come here and try it out yourselves.

    Wednesday at 5:43 PM Report abuse rate up rate down Reply
    1 reply to *LaUrA bOrA'*s comment
    ironwrkrb

    must be stupid or a very good job, either way you sound dumb

    Yesterday at 7:59 PM Report abuse rate up rate down Reply
    rann948

    DC area - rich because of government workers making six figures. Something SERIOUSLY wrong with that picture.

    Anchorage Alaska- anyone with any brain and/or money would HAVE to live in this city.- raises the average.

    California - land of fruits and nuts - multimillionaire computer geeks, over paid actors, over paid sports figures.

    Trenton? probably getting loads of dough from the government - see DC
    Boulder- ritzy place expensive property = rich people flock there.
    NONE of this has anything to do with BRAINS or education.

    Wednesday at 5:27 PM Report abuse +1 rate up rate down Reply
    ae12wrangell

    Trenton?

    Wednesday at 5:02 PM Report abuse +1 rate up rate down Reply
    imalibnow2

    Of course DC is tops. They have a luxurious life on OUR money.

    Wednesday at 4:59 PM Report abuse rate up rate down Reply
    1 reply to imalibnow2's comment
    *LaUrA bOrA*

    I'm in the DC area and I don't have your money, so what exactly does your comment mean?

    Wednesday at 5:38 PM Report abuse rate up rate down Reply
    krnfreak55

    Does anyone know specifically what town/neighborhood the picture for the DC metro area is? I love it.

    Wednesday at 4:51 PM Report abuse rate up rate down Reply
    1 reply to krnfreak55's comment
    *LaUrA bOrA*

    krn, I'm not 100% sure, but I'm in Northern VA myself and I'd have to guess it's Georgetown. Especially with that iron gate next to the blue house. They have the exact same thing at the stairwell that was used in the original Exorcist and that was filmed in Georgetown, so I'm going with there. It's beautiful and unique there.

    Wednesday at 5:34 PM Report abuse rate up rate down Reply