Tuesday, February 21, 2012

Why Do People Live Around DC? It's Where the Money Is ...

Census Bureau Study Shows That 2/3 of the Richest 15 Counties Are All In the DC Area... Where's All the Money Coming From??


    No, we don't always expect you to go, 'Wow, I never realized that! Thanks, Mike.'  Hey, we can't always dazzle you with nuggets of freshly mined information. Sometimes, we have to settle for numbers that make you say 'That's No Surprise'... But maybe you are stunned a bit.  Because, while you may think that the richest counties in the US would be in Beverly Hills, South Florida, Palo Alto or Vail, they're not - they are almost ALL around our nation's capital...


    Yessiree Bob, ten of the fifteen counties are from suburban Maryland and Virginia. In case you were wondering, neither is particularly better than the other: both have five counties, although Virginia's were slightly higher, including Number One Loudoun County, which averaged an obscene $116,000 per person - $15k more than any other county, and more than double the national average...


    The remaining five were three from New Jersey, Nassau County, NY and Douglas County, CO - the only state west of the Appalachians... Each pretty much has a reason: the NJ and NY counties are pretty much Manhattan commuters, and Douglas is a wealthy Denver suburb.  As for the other ten, it's pretty obvious - overblown government salaries.  Federal jobs pay about 25% higher than their private sector equivalent counterparts.  They cause the local governments to try and keep up salarywise, and that raises property taxes, which raises the cost of living, and therefore, ALL workers in the area need to get paid more. Yeah, it snowballs a bit...


    So, if you want a pay raise, it's easy - move to DC!  Just like every dumb government agency, they'll pay more for anything... Here's the link to the article, telling you the good news. The bad news is it costs an assload of cash to live there..


http://money.msn.com/family-money/the-richest-counties-in-america


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