Thursday, August 30, 2007

To Continue this Morning's Blog....

Another article was just published regarding median incomes of the city's residents and those in the immeditate vicinity, though this time by the Examiner. While this article complements the article written yesterday from CNNMoney regarding the top 10 states with the highest average median income, this article focus's more on the District, Fairfax and Montgomery county.

David Francis and Dena Levitz, writers for the Examiner, researched the widening gap between our two largest populations segments in the District, white residents and black residents. Thats not the concern...what did peak my interest was their data that supported the average income in the District for all residents at $51,847, putting us just behind the top 10 list for the country. In addition their research proved that Fairfax Co, VA had the highest median income of any county in the country, at $100,318, and the first time any county has ever broken the six-figure mark. In addition, Montgomery County's average is $87,624, still signifantly higher than any other metropolitan area.

And I'll ask again, when is the market going to crash here? It might not!

The article can be found here.

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