Four Maryland Counties Named Richest in the Country

Four Maryland Counties were named the richest in the country according to a recent Newseek Report.

Below is the top-ten list based on Median Household Income:

  1. Loundon County, VAMedian Household Income:  $114, 204
    While it has traded the top spot with the neighboring Fairfax before, Loudoun County has had the highest household income average since 2007. Taking the top spot isn’t hard to do when 17% of households in your county make more than $200,000. Conversely, only 16% make less than $50,000, the national average household income. Of all the communities on the list, Loudoun County also had the lowest unemployment rate, estimated to be around 4.9%.
  2. Fairfax County, VAMedian Household Income: $102,499
    The first county in the U.S. to reach a six-figure median household income in 2006, Fairfax County has traditionally been home away from home for many diplomats and officials who want to live in a rural community close to Washington, D.C. Ethel Kennedy, widow of Robert F. Kennedy, for example, lived there until she sold the 5.6-acre property Hickory Hill for $8.5 million in 2008. Currently, 51.2% of households in Fairfax make more than six figures a year.
  3. Howard County, MDMedian Household Income: $101, 940
    It’s easy to see how Howard County found its way into the top three richest counties. Almost half of its 166,113 working residents make $75,000 or more. Also, 30.4% of its employed population actually makes six figures. And if you measure by household income, the picture gets a whole lot wealthier: 51.7% of households collectively earned $100,000 or more during the 12 months prior to the survey. Search homes for sale in Howard County
  4. Morris County, NJMedian Household Income: $96,787
    The northern New Jersey County, within commuting distance of New York City, offersdecidedly larger housing options than the big city. Of all of its occupied housing units, 40% contain eight or more rooms, while 37% contain four or more bedrooms.
  5. Arlington County, VAMedian Household Income: $96, 218
    Home to the Pentagon, Arlington County is small (only 26 miles long), young (54% of its population is under 35) and affluent. Forty Seven percent of employed residents make over six figures a year.
  6. Montgomery County, MDMedian Household Income: $94,420
    Located north of Washington and just south of Baltimore, Montgomery is another listmaker located in the nation’s richest state: Maryland. In total, the median household income in the entire state of Maryland was $69,272, a little less than the second-place state of New Jersey, which averaged $68,342 per household. Search homes for sale in Montgomery County
  7. Nassau County, NYMedian Household Income: $92,776
    Located on Long Island, just east of New York City, Nassau County remains one of the richest counties in America, despite the fact that its unemployment rate stands at 7.3%. Perhaps this is because 13.9% of its employed residents make more than $200,000.
  8. Somerset County, NJMedian Household Income: $89,871
    While this northern New Jersey county is still among the country’s richest, its average median household income has dropped during the past few years. Data from 2008 had Somerset ranked fifth with an average household income of $100,207 and 2007 estimates have the average household income listed as $94,036.
  9. Calvert County, MDMedian Household Income:  $89,289
    Popular fiction author Tom Clancy calls this southern Maryland county home. We’re guessing he’s one the 5,653 residents who made more than $100,000 last year. Search homes for sale in Calvert County
  10. Charles County, MDMedian Household Income: $89,115
    The residents in this southern Maryland area have steadily increased their income during the past few years. Back in 2007, the median household income in Charles county was $80,573 and in 2000 it was $62,19 Search homes for sale in Charles County

 


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