October 20, 2011
thedailyfeed: Washington, D.C., has dethroned Silicon Valley to become No. 1 in median income in the country. Last year, the national median was $50,046, while the Washington metro area hit $84,523. “You’ve just got to look at the employment base here,” said James Chung, the president of Reach Advisors, a strategy and research firm that studies demographic and economic data in metropolitan areas. “What you find is that Washington, D.C., has a higher percentage of a professional work force than almost any other city in America and that’s because the business of D.C. is government,” he said.  Of almost 3 million total jobs in the region, about 380,300, or 13 percent, were in the federal government, according to the Bureau of Labor Statistics. The compensation for those workers, including health care and other benefits, was more than $126,000, according to Bloomberg’s calculations. Richard Florida has some excellent analysis of the changes in per capita income. Read it at The Atlantic Cities

thedailyfeed:

Washington, D.C., has dethroned Silicon Valley to become No. 1 in median income in the country. Last year, the national median was $50,046, while the Washington metro area hit $84,523.

“You’ve just got to look at the employment base here,” said James Chung, the president of Reach Advisors, a strategy and research firm that studies demographic and economic data in metropolitan areas. “What you find is that Washington, D.C., has a higher percentage of a professional work force than almost any other city in America and that’s because the business of D.C. is government,” he said. 

Of almost 3 million total jobs in the region, about 380,300, or 13 percent, were in the federal government, according to the Bureau of Labor Statistics. The compensation for those workers, including health care and other benefits, was more than $126,000, according to Bloomberg’s calculations.

Richard Florida has some excellent analysis of the changes in per capita income. Read it at The Atlantic Cities

11:51am
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  1. illmerica reblogged this from theatlantic
  2. anjehlah reblogged this from shortee and added:
    one theory of mine.. it says household and there’s tons of houses where there...more than...
  3. everythingwasgolden reblogged this from shortee and added:
    hometown. Oxnard for lifeeee
  4. bouquetofclumsywordsss reblogged this from shortee and added:
    up. Haha. It’s not just Oxnard. It’s the Oxnard-Thousand Oaks-Ventura area.
  5. shortee reblogged this from gloq and added:
    ummm… can someone explain...hell OXNARD is on this...is it...
  6. ci18 reblogged this from bowwsandhoes
  7. gloq reblogged this from inanutchelle and added:
    This is nuts.I live in Oxnard. And in the 6th grade my family & I were supposed to move to Stamford, CT.Wtheck out...
  8. xennyl-earx reblogged this from inanutchelle and added:
    WOW? Oxnard? Really? Looks like I better hit up the parentals for more money. AHAHAHA JK.
  9. inanutchelle reblogged this from jjohnr
  10. theworldisnotenough1 reblogged this from theatlantic and added:
    I thought DC was pretty universally acknowledged as the wealthiest metro area in the country. The two wealthiest...
  11. jjohnr reblogged this from bowwsandhoes
  12. hiroselyn reblogged this from bowwsandhoes and added:
    OXNARD?! you sure it’s not camarillo? LOL
  13. bowwsandhoes reblogged this from zeesweetpea and added:
    But why… Is it all our strawberry fields?
  14. leogeebeastleague reblogged this from zeesweetpea
  15. justheeznuts reblogged this from zeesweetpea and added:
    YAY FOR OXNARD!!!
  16. parkerproust reblogged this from theatlantic
  17. dlisbad reblogged this from michellefe and added:
    Lol wtf?! Oxnard?
  18. zeesweetpea reblogged this from herronicole
  19. prettyspectacular reblogged this from thedailyfeed
  20. herronicole reblogged this from michellefe and added:
    I spy Oxnard! :D
  21. michellefe reblogged this from youngandrelentless
  22. classlessreunion reblogged this from ohmythoughtsiconfess and added:
    Oxnard? …is this for real?
  23. youngandrelentless reblogged this from ohmythoughtsiconfess and added:
    My hometown is ranked with all these prominent places? Mind = blown.
  24. ohmythoughtsiconfess reblogged this from mel-s-d and added:
    Oxnard? Really?? D: Should I be proud?
  25. mel-s-d reblogged this from natta-mabba and added:
    My hometown is #5 aaaawwwww yeeeaaaa
  26. sarabareillesnose reblogged this from thisfuckofagun and added:
    Let me just check into her meth lab on fb…
  27. p4rtyof1 reblogged this from thisfuckofagun
  28. natta-mabba reblogged this from thisfuckofagun and added:
    LOL, ohhh okay it all makes sense now! x)
  29. thisfuckofagun reblogged this from natta-mabba and added:
    Well, Lacey has a meth lab so that’s probably where all the $$moolah$$ comes from!
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