Subscribe Now

travelers today

Home » City Guides

America's Richest Cities 2012: Washington D.C. at Number One [SEE PHOTOS]

Travelers Today       By    Lena Vazifdar

Updated: Oct 08, 2012 03:04 PM EDT

Text Size: A A A

24/7 Wall St. has released its recent America's Richest Cities survey. Washington D.C. and its surrounding metropolitan area has come out number one.

Using 2011 Census Bureau American Community Survey they found out which cities had the highest and lowest incomes.

Alex Friedhoff, a Research Analyst at Brookings Institute's Metropolitan Policy Program noted  to 24/7 Wall St. that the "The biggest factor in determining a city's income is the underlying industries that employ the most residents, as well as the type of jobs. High-tech jobs, particularly those related to computers and information technology, tend to pay higher salaries and are more likely to be located in areas with affluent residents. On the other hand, most of the jobs in the lower-income metro areas tend to be in retail, service, agriculture and low-tech manufacturing."

What also was found from their research is that there is a big disparity between rich and poor cities. In cities like McAllen, Texas 24/7 Wall St. reported  that more than 35 percent of its residents live below the poverty line.

Here are the top five richest American Cities according to 24/7 Wall St.

Washington DC and surrounding metropolitan areas-- Arlington-Alexandria, D.C.-Va.-Md.-W.Va.

Credit: Flickr

Washington DC has a median household income of  $86,680 and boasts a population of 5,703,948. The percentage of households below poverty line are 8.3 percent which is the 5th lowest and the unemployment rate is 5.8 percent, 24/7 Wall St. reports.

San Jose-Sunnyvale-Santa Clara, Calif.

 

Credit: Flickr

San Jose and its surrounding areas have a median household income of $84,012 and a population of 1,865,450. The unemployment rate is 9.9 percent and the percentage of those below the poverty line is 10.6 percent.

Bridgeport-Stamford-Norwalk, Conn.

Samford. Credit: Flickr

The median household income in Bridgeport, Stamford and Norwalk, Connecticut is $77,289. The area boasts a population of 925,899 and the unemployment rate is 8.2 percent. The percentage below the poverty line is 9.4 percent.

Oxnard-Thousand Oaks-Ventura, Calif.

Oxnard. Credit: Flickr

The Oxnard area of California has a population of 831,771 and a median household income of 474,623. The unemployment rate is at 10.1 percent and 11.3 percent lives below the poverty line.

Trenton-Ewing, N.J.

Trenton. Credit: Flickr

The median household income in Trenton and Ewing, New Jersey is $73,890. The population is 367,063 and the unemployment rate is at 7.7 percent. 11.4 percent live below the poverty line.

See related article:

Top Ten Poorest States in America 2012

 

© 2016 Traverlers Today, All rights reserved. Do not reproduce without permission.
Join Our Conversation

Travel Tips

Atta Abbasi

5 Most Efficient Travel Hacks Every Traveler Should Know

Are you doing your traveling preparation the right way?

It's a Small World at Tokyo Disneyland

Shanghai Disneyland Release Etiquette Guide For Visitors: Uncivilized Behaviour Banned!

Shanghai Disneyland officials made sure that the park will be in good condition when it opens by releasing an etiquette guide, after observing what the locals did around the area.

Steamboat Natchez

New Orleans Offers 7 Great Activities For Families: Find Out Here

There is no shortage of activities in the wonderful city of New Orleans.

Caribbean

Island Hopping In The Caribbean: How To Get The Best Tours

Island trips to the Carribbean should not be too hard even for those who were just doing it for the first time. In other words, even if travellers are scared of going on unfamiliar trips for the first time, they can still go on these trips, thanks to helpful resources such as guides and maps.

Phewa lake in 1982

7 Cheapest World Destinations For An Affordable and Relaxing Vacation

Every traveler wants to spend less while going to different places. With that, Price of Travel ranks world cities every year based on how affordable they are as a reference for budget travelers. With that, we have here the 7 cheapest travel destination for 2016 that will give you extra money to get a side trip to other places you dream of visiting!

Subscribe to our newsletter

Receive the latest travel news, reviews, and more..

Want more Travel?

Most Popular

Children TV

Time Travel And Other TV Trends To Expect This 2016

The three trends that are seen in TV this year which includes time travel, blast from the past and adaptations.

Airport

TSA Security Head Fired Over Long Lines In The Airport?

Kelly Hoggan, the agency's assistant administrator for security operations, has been removed from his position, according to an internal memo by TSA Administrator Peter Neffenger obtained by NBC News.

Swimming pool

US: 1 in 8 Swimming Pools Closed for Health Violations, According To Health Violations

One in eight swimming pools in most populated states were allegedly been shut down due to inspection of filthy and suspected existing harmful water around, as announced by health authorities in the United States on Thursday.

travelers today

© 2016 IQADNET LLC All rights reserved.

Subscribe to our newsletter
Real Time Analytics