March 11, 2012

The Richest Counties in America are Home to Federal Workers and Contractors

Public Servants Live Better Than the Public, and Federal Pay Continues to Skyrocket

October 26, 2009

The Daily Bail - In 2008 the average federal worker earned twice that of his private-industry counterpart in wages and benefits: $120,000 per year versus $60,000. Federal pay and benefits are up 58% since 2000 compared to just 28% in the private sector. Of course, when you consider the massive productivity advantage government workers enjoy over their private counterparts, it all makes sense. WTF? Well, it's all the Democrats fault undoubtedly. Wait, looks like it was Bush.

If you drive through Northern Virginia, you will find nearly entire neighborhoods of $500,000 to $900,000 homes owned by government workers or contractors. Then you can drive five streets over and find $200,000 to $400,000 homes owned by those who pay the salaries for those government employees. It’s a fascinating distribution of wealth.

Most government employees and contractors could not earn more than $60,000 on the free market.
Their only chance to make that kind of money comes from having an employer that not only never has to make a profit but can forcibly take money through taxation. The answer is that both are deeply to blame. Don't be fooled. There's nary a difference between Democrats and Republicans when it comes to growth of government. Both parties are completely, sadistically, out of control. There is NO spending restraint on either side of the aisle, just hot air, promises, and purple unicorns. Oh and bubbles.

The Richest Counties in America

March 8, 2012

MainStreet - While many Americans struggle to find jobs, balance their budget and get by with less, some folks are still living high on the hog.

Looking at the most recent Census Bureau data from 2010, we chose the 15 counties in the U.S. with the highest median household income. With three counties exceeding the $100,000 mark, life seems pretty good in these areas, even as the U.S. median household income declined 2.3% from 2009 to 2010. Still, the following 15 richest counties still have a median income that is about double the national average of $49,445.

Here are the five richest:

5. Arlington County, Va.
Median Household Income:
$94,986

Living in Arlington isn’t cheap, so you’d better be making at least the median household income to live in this county that sits just outside of Washington, D.C.

Arlington may not be the richest, but it does set a record for real estate values. The median value of owner-occupied homes in Arlington county is $571,700 – almost $70,000 more than any other county on our list.

This county also stands out as the most educated on our list – 70.1% of residents hold a bachelor’s degree or higher.

4. Hunterdon County, N.J.
Median Household Income:
$97,874

The richest county in New Jersey, Hunterdon just missed the six-figure mark in median household income. Located just west of Somerset County, which took the eighth-richest county spot, Hunterdon’s income has actually crossed the $100,000 mark before.

While some might assume that Hunterdon’s residents make high salaries by commuting to New York City, where salaries are higher than the national average, the truth is that almost 94% of residents stay in-state for work. In fact, more residents commute to Pennsylvania for work than New York.

3. Howard County, Md.
Median Household Income:
$101,771

With an astounding 58.3% of residents holding a bachelor’s degree or higher, Howard County shows that higher education can pay. One of only three counties that have a six-figure median household income in the U.S., Howard is located between Baltimore and Washington, D.C., attracting the extremely affluent. The median value of owner-occupied homes in the county is $456,200.

2. Fairfax County, Va.
Median Household Income:
$103,010

Fairfax County is one of the largest counties in terms of population to make our list (1,081,726 residents in 2010), but it is also notable for its real estate. Fairfax is one of only two counties on our list to break the half-million mark in home values. Coming in at $507,800 for the median value of owner-occupied homes, the county truly has some spectacular real estate.

Government buffs will be excited to learn that Langley (headquarters of the CIA) is within the county line, so government employees must be making a decent amount of money these days. Also, the unemployment rate in the county has been astoundingly low historically, hitting 1.4% in 1999.

1. Loudoun County, Va.
Median Household Income:
$119,540

With a median household income that is a full $16,000 higher than our second-place finisher, Loudoun County has trounced the competition on its way to becoming the richest county in America.

Another county surrounding our nation’s capital, Loudoun borders both West Virginia and Maryland and is the home to Washington Dulles International Airport. The Appalachian Trail runs along its western border and the area was largely an agricultural community until the airport was built in the 1960s.

The population has continued to increase since then, with the area nearly doubling in population size from 2000 to 2010. The poverty rate is also at an incredibly low 3.2%.

Click here to see all of the Richest Counties in America.

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