Personal Finance

Here’s How Much People Make In The Richest County In Virginia

24/7 Wall St. recently released a study on the richest county in every state, and the No. 1 finisher in our state might surprise you.

The median household income varies from $43,600 up to $82,000 throughout different states in America.
The median household income varies from $43,600 up to $82,000 throughout different states in America. (Mark Hand/Patch)

VIRGINIA — In today's modern world, there are such realities as $7 cups of coffee, designer clothing on dogs and people spending inordinate amounts of money on services that rarely justify the cost. And while we're not all living this lavish lifestyle, a new report suggests you might find this type of spending in Loudoun, which was just named the richest county not only in Virginia but the entire United States.

The typical household in Loudoun County rakes in about $136,268 a year, according to the report published in January by the financial news and opinion site 24/7 Wall St.

Here's other priceless information on Loudoun, the richest county in our state:

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  • Poverty Rate: 3.7 percent (State: 10.9 percent)
  • October 2019 Unemployment: 2.0 percent (State: 2.6 percent)
  • Adults with a bachelor's degree: 60.8 perecent (State: 38.2 percent)
  • Largest place in the county: Leesburg

Loudoun has seen its population soar over the past 20 years. Its proximity to D.C. and the Dulles high-tech corridor has attracted families that want to own a big house with a large yard. "A commuter county located 25 miles west of Washington, D.C. and the Pentagon, Loudoun County residents have the option of commuting into the city or taking advantage of the impressive job market growth at home," Forbes wrote recently about Loudoun.

After Loudoun County, the top five richest counties in the country were rounded out by Howard County, Maryland ($117,730); Santa Clara County, California ($116,178); Douglas County, Colorado ($115,314); and Los Alamos County, New Mexico ($115,248).

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At the other end of the spectrum, Arizona's Maricopa County had the lowest median income of the wealthiest counties at $61,606. Still, the median household income in Maricopa County was close to $5,000 higher than in the rest of the state.

To determine the richest county in each state, 24/7 Wall St. looked through the median annual household incomes for each U.S. county using five-year estimates from the U.S. Census Bureau’s 2018 American Community Survey.

The full methodology and report are available at 24/7 Wall St.

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