cooldcre: September 2011

New condos in DC Districtre.com The Isaacs Team LLC

Middle class income falls...but not in Washington D.C. & NVA

DC & NVA middle income rises during recession

Middle class income falls...but not in Washington D.C. & NVA

During the "first" recession, income dropped for the typical American household in Washington DC actually saw income rise.

National median household income dropped 1.4% to $50,046 in 2010, according to Census statistics. But in 21 states and the District of Columbia, households in the middle of the pay scale realized income increases according to a CNN Money data analysis. Washington D.C. experienced the biggest hike in median income over the past four years, soaring 12.1% to $60,903 last year.

Some D.C. Metro areas also increased. Virginia saw a 1.9% increase to $60,674, while Maryland's median income rose 1.1% to $68,854, making it the wealthiest state in the USA.

According to experts, it is the money going to federal contractors that is the main factor in driving growth to our area.

 

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Comment balloon 0 commentsThe Isaacs Team llc • September 29 2011 12:23PM
Middle class income falls… but not in Washington D. C. & NVA
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Middle class income falls… but not in Washington D. C. & NVA During the "first" recession, income dropped for the typical American household in Washington DC actually saw income rise. National median household income… more