September 13, 201412 yr Active Members Here's the most affluent town in every state By Andy Kiersz16 hours ago The geographic distribution of income and wealth in the U.S. is always a fascinating topic. One of the many types of geography the Census Bureau tabulates figures for are "places." These are either legally incorporated cities or towns or Census-designated statistical equivalents. In this map, we consider places with at least 1,000 residents, according to the 2008-2012 American Community Survey. Using income estimates from the ACS, we found the place with the highest median household income in each state. The map shows where the affluent towns are, and the median income in each (click here for larger version of map): View gallery . Business Insider/Andy Kiersz, data from 2008-2012 American Community Survey Many of the affluent communities are wealthy suburbs of major cities such as Scarsdale, New York, and Darien, Connecticut, outside of New York City, and Chevy Chase, Maryland, and Great Falls, Virginia, near Washington, D.C. They all tend to be fairly small with populations ranging from about 1,000 (our chosen lower cutoff) to about 18,000. Here's a table with the 50 towns and their median incomes: View gallery . Business Insider/Andy Kiersz, data from 2008-2012 American Community Survey See original article at: http://finance.yahoo.com/news/most-affluent-town-in-every-state-163428020.html
September 13, 201412 yr Active Members very interesting, though I think I would rather see the same ranking using the criteria of net worth rather than median income. A $200K annual income means a completely different thing in America if that means husband/wife/with 3 kids are working 2 jobs each to pull in that salary vs. someone who is retired or has been an heir who lives off $200K annual mutual fund distributions from a $6 MM fund.
September 13, 201412 yr Active Members I am hoping (for them, not me) that 6M would yield at least 300,000 in a bad year and as much as 600,000 in a good year and, conservatively speaking. Are you a foundation kid? I am not. Best regards, RA1
September 13, 201412 yr Active Members I am hoping (for them, not me) that 6M would yield at least 300,000 in a bad year and as much as 600,000 in a good year and, conservatively speaking. Are you a foundation kid? I am not. Best regards, RA1 RA1: I am not a foundation kid. Earned every cent of $$ that I have on my own. That also makes me feel not at all guilty to spend it, since I feel I earned it! I used 3% as an example to make my point for net worth because I can see someone who is retired putting their 6 million in a very conservative fund keeping half in cash and half in bonds which would yield roughly 3% especially in the fixed income environment of the past several years. Not arguing with you about what's a good return because I agree I would not be happy with 3%, but my main point was that there is a large difference in appraising "affluence" (which the story claims to be ranking) between wage earning and investment earning. In many high cost of living regions, those working families that make 200K in salaries do not consider themselves "rich"... those that make it in passive income usually do.
September 13, 201412 yr Active Members I understand completely. Thanks for the reply. Best regards, RA1
September 13, 201412 yr Active Members Here's the most affluent town in every state By Andy Kiersz16 hours ago The geographic distribution of income and wealth in the U.S. is always a fascinating topic. One of the many types of geography the Census Bureau tabulates figures for are "places." These are either legally incorporated cities or towns or Census-designated statistical equivalents. In this map, we consider places with at least 1,000 residents, according to the 2008-2012 American Community Survey. Using income estimates from the ACS, we found the place with the highest median household income in each state. The map shows where the affluent towns are, and the median income in each (click here for larger version of map): View gallery . Business Insider/Andy Kiersz, data from 2008-2012 American Community Survey Many of the affluent communities are wealthy suburbs of major cities such as Scarsdale, New York, and Darien, Connecticut, outside of New York City, and Chevy Chase, Maryland, and Great Falls, Virginia, near Washington, D.C. They all tend to be fairly small with populations ranging from about 1,000 (our chosen lower cutoff) to about 18,000. Here's a table with the 50 towns and their median incomes: View gallery . Business Insider/Andy Kiersz, data from 2008-2012 American Community Survey See original article at: http://finance.yahoo.com/news/most-affluent-town-in-every-state-163428020.html I saw this the other day, and I'm not buying it. I can think of a dozen places off the top of my head that have a higher medium income than some of the places mentioned.
September 13, 201412 yr Active Members I think I have a medium income but would love to have a median one as described in this application. Best regards, RA1
September 13, 201412 yr Active Members I think I have a medium income but would love to have a median one as described in this application. Best regards, RA1 HA! Good catch. I stand corrected sir, and a little embarrassed.
September 13, 201412 yr Active Members NP. Just stay off the "medium" between the lanes of an interstate aka median. Best regards, RA1
September 14, 201412 yr Many of the affluent communities are wealthy suburbs of major cities such as Scarsdale, New York, and Darien, Connecticut, outside of New York City, and Chevy Chase, Maryland, and Great Falls, Virginia, near Washington, D.C. They all tend to be fairly small with populations ranging from about 1,000 (our chosen lower cutoff) to about 18,000. You can add to this list Paradise Valley, an affluent community in Phoenix, Arizona. A beautiful place!
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