In May, The Wall Street Journal reported:
As other American cities have been buffeted by an uneven economy, Washington's property market has been buoyed two forces specific to the capital city: a surge of federal contractors and a rising tide of government spending. The result: what real-estate agents and developers are calling an unprecedented real-estate surge.Business Insider reports:
Of the six counties in the United States with median income greater than $100,000, of course four of them are in the D.C. metro area.From a Census release (emphasis added):
- Loudoun County, Va. — $115,574
- Falls Church City, Va. — $114,409
- Fairfax County, Va. — $105,416
- Los Alamos County, NM — $103,643
- Howard County, MD — $103,273
- Hunterdon County, NJ — $100,980
According to the report Household Income: 2012, which compares American Community Survey statistics from 2000 to 2012 and from 2011 to 2012:
- From 2000 to 2012, the District of Columbia (23.3 percent) had one of the largest increases in median household income, going from $53,995 to $66,583. Other states with increases in income included North Dakota (17.0 percent), Wyoming (6.9 percent), Louisiana (4.2 percent) and South Dakota (4.1 percent). Not all of these states are statistically different from one another....
- Mississippi had the lowest median household income in 2012 at $37,095, while Maryland had the highest median household income at $71,122....
According to the report Poverty: 2000 to 2012, which compares poverty rates from 2000 to 2012 and from 2011 to 2012:
- Among the 25 most populous metropolitan areas, the Washington, D.C., metro area had the highest median household income in 2012 at $88,233, while the Tampa-St. Petersburg metro area had the lowest median house income at $44,402.
- The number and percentage of people in poverty did not have a statistically significant change in 43 states and the District of Columbia between 2011 and 2012, while in three states (California, Mississippi and New Hampshire) the number and percentage of people in poverty increased. In New Jersey and Wyoming, the number of people in poverty increased. In Minnesota and Texas, the percentage of people in poverty declined.
- No states showed a statistically significant decline in the percentage of people in poverty from 2000 to 2012.
- For 2012, states with the lowest poverty rates included New Hampshire (10.0 percent), Alaska (10.1 percent), Maryland (10.3 percent), Connecticut (10.7 percent) and New Jersey (10.8 percent). Not all of these states are statistically different from one another.
- States with the highest poverty rates for 2012 included Mississippi (24.2 percent), New Mexico (20.8 percent), Louisiana (19.9 percent), Arkansas (19.8 percent) and Kentucky (19.4 percent). Louisiana, Arkansas and Kentucky are not statistically different from one another....
- Among the largest 25 metropolitan areas, poverty rates in 2012 ranged from 8.4 percent in the Washington, D.C., metro area to 19.0 percent in the Riverside-San Bernardino metro area.