Digital Properties Manager
For the 10th year in a row, Loudoun County, Virginia, has been named the No. 1 county in America for median household income, this year coming in at $134,464, according to U.S. Census Bureau reports.
This incredible run as the top median income in the U.S. has happened despite the county’s incredible growth over that span. In 2007, the median income for Loudoun County was $107,207, the first time that it took the top overall spot.
In the 10 years since, the gap between Loudoun and this year’s second place jurisdiction, Howard County, Maryland, has grown to nearly $14,000 or nearly 10 percent. Loudoun’s median income has also grown by 20.3 percent in the last decade.
Median income is an important economic indicator because it shows the buying power of a county’s residents. It is favored over the average incomes because it less susceptible to skewing by outliers.
Part of Loudoun’s success can be attributed to having one of the most educated workforces in the country (more than 60 percent have at least a bachelor’s degree), as well as one of the lowest unemployment rates in the region (3.1 percent as of July).
Loudoun County’s key business sectors of tech, health care and federal government contracting benefit from locating in an area with such a top-notch workforce.
If this sounds like the right combination of business success and quality of life, then let us help you start or locate your business in Loudoun County. Give us a call today: 1-(800)-LOUDOUN.