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

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.

 

Copyright - All rights reserved The Isaacs Team LLC

The Isaacs Team at RLAH

About The Isaacs Team

realestateinthedistrict.com

RLAH | Real Living At Home

11 Dupont Circle #650 Washington DC 20036

Comment balloon 0 commentsThe Isaacs Team llc • September 29 2011 12:23PM

Comments

This blog does not allow anonymous comments