DC Ranked 3rd Richest City
DC is one of the wealthiest cities in the United States based on high-end incomes. Is it any wonder? DC has one of the largest numbers of educated citizens in the country, with a very large percentage holding post-graduate degrees. This translates into higher earnings. DC is home to some of the highest numbers of professionals and white-collar workers in the country. Each May following college graduations, young college grads---and those with extra credentials after their names---stream into the Washington area for high-paying careers.
FindtheHome.com ranked the 33 richest cities in the United States based on the percentage of residents earning more than $150,000 in cities with more than 500,000 residents. DC ranks as the 3rd richest city on the list, revealing a staggering number of its working adults (19%) are earning more than $150,000 a year. In addition to income, DC also ranks high for education, in which more than 51% of adults hold at least a 4-year college degree. San Francisco and San Jose rank #1 and #2, respectively, with 23.4% of adults earning over $150,000 and 52.4% of the population holding at least a bachelor’s degree. In San Jose, 22.6% of adults earn over $150,000; 37.4% of the population have at least a bachelor’s degree.
The U.S. is a country that embraces a lot of diversity, whether people’s ethnic identity, dialects, geography, or income. Data released in December 2014 by FindtheHome.com from its 5-year American Community Survey reveals the 33 richest cities in the country, and DC notably rises above the pack with a significant lead in educated residents making their home in the Washington region, as well as one of the top richest cities in the country. Rounding out the Top 10 richest cities are: Seattle, San Diego, Boston, New York City, Los Angeles, Austin and Denver.