According to a new analysis, the Washington, D.C. area has become a favorite for wealthy young adults. According to the analysis, the area has the nation’s highest percentage of 25-34 year-olds making more than $100,000 a year.
Sixteen of the top 50 counties in the United States with the highest share of wealthy young people are in the Washington, D.C. area.
Loudoun county has 10 percent, or 10,327 young adults, making more than six figures – more than San Francisco and New York in terms of percentage of the population. Arlington County captured the second spot, followed by San Francisco, Manhattan and Douglas County, which is situated between Denver and Colorado Springs in Colorado.
The report author believes that part of the appeal of the Washington area is jobs in both the private and public sector, as well as strong education and healthcare institutions, a moderate climate and easy access to recreational facilities.
Aren’t these some of the elements that support a strong housing market? I love the DC area! Despite short term ups and downs, our homes are safe in the long term.
Read the full article at Reuters.
