Loudoun County Holds Highest U.S. Median Income for 11 Straight Years

By December 11, 2018 Blog, Featured

Brian Tinsman
Digital Properties Manager

 

Continuing a trend that started in 2007, Loudoun County, Virginia, has the highest U.S. median household income, again. According to U.S. Census Bureau reports, Loudoun comes in this year at $135,842, an increase of nearly $1,400 per household.

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. Loudoun’s median income has grown by 26.7 percent in the last 11 years.

The gap between Loudoun and this year’s second place jurisdiction, Santa Clara County, Calif., is nearly $17,000 (12.4 percent).

ALSO READ: Top Ways Loudoun County is No. 1

Median income is an important economic indicator because it indicates the buying power of a county’s residents. It is favored over the average incomes because it is 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 (nearly 60 percent have at least a bachelor’s degree), as well as one of the lowest unemployment rates in the region (2.3 percent as of October).

Loudoun County’s key business sectors of information technology, health data analytics 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 at 1-800-LOUDOUN.

 

 

loudoun county inc 5000 list fastest growing 2019

Loudoun is Home to 29 of the Fastest Growing U.S. Companies

| All Categories, Featured, General Economic Development News, News Flash | No Comments
Business keeps booming in Loudoun County, Virginia, home to 29 of the nation’s fastest-growing companies, according to Inc. Magazine.
40th anniversary #loudounpossible success

Celebrating 40 Years of #LoudounPossible Success

| All Categories, Featured, General Economic Development News, News Flash | No Comments
Rapid business growth over the last 40 years has catapulted Loudoun from a one-time bedroom community into a world-class place to live, work, play and learn.
farmer social media tablet

‘Seeds for Success’ Gives Loudoun Farmers Another Tool for Growth

| Blog, Featured, Rural/Agriculture News | No Comments
If someone was talking about you, wouldn’t you want to know about it? Wouldn’t you prefer to be part of the discussion—good or bad—and help shape your reputation?
silver line metro construction completion testing loudoun

July 2020 Completion Target for Silver Line Metro Rail Construction

| Aviation & Transportation, Blog, Featured | No Comments
Metrorail train testing has begun in eastern Loudoun County, one year ahead of the target date for construction completion on the Silver Line extension.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.