The Washington area is home to lots of smart—and rich—people. Image courtesy of Shutterstock.
Washington-area parents, rejoice: You now have
evidence for your children that the
more educated you are, the richer you’re likely to become. But
judging by two recent
studies, many of you already knew that. According to the
studies—one conducted by William Yu of
UCLA
residents are both the most educated and the richest in the
country.
Working for First 5 LA’s Early Childhood Education conference, Yu tracked “city human
capital index” by measuring the average amount of education people in different metropolitan
areas received, according to census statistics. What he found was that though New
York and Philadelphia have had better sports teams for some time, they only rank in
the middle of the pack when it comes to the original kind of schooling. Los Angeles,
Houston, Las Vegas, and Riverside, California, rounded out the bottom of the barrel.
On average, Washingtonians also have more money to
spend than their Northeastern counterparts,
which is also true compared with people in every other section
of the country. According
to the study, the Washington area has a median income of
$86,680, about $2,000 more
than second-place San Jose-Sunnyvale-Santa Clara, California.
The Philadelphia area
didn’t make the list, but Poughkeepsie-Newburgh-Middletown, New
York, rounded out
the top ten, with a median income of nearly $20,000 less than
DC. Interestingly, the
poorest areas aren’t too far outside Washington’s
backyard—Cumberland, Maryland, ranked
ninth on 247WallSt.com’s list of the ten most impoverished
cities.
According to New Studies, Washington Residents Are the Smartest and the Richest
It's okay to brag. (A little.)
Washington-area parents, rejoice: You now have
evidence for your children that the
more educated you are, the richer you’re likely to become. But
judging by two recent
studies, many of you already knew that. According to the
studies—one conducted by
William Yu of
UCLA
and the other by
247WallSt.com—DC
residents are both the most educated and the richest in the
country.
Working for First 5 LA’s Early Childhood Education conference, Yu tracked “city human
capital index” by measuring the average amount of education people in different metropolitan
areas received, according to census statistics. What he found was that though New
York and Philadelphia have had better sports teams for some time, they only rank in
the middle of the pack when it comes to the original kind of schooling. Los Angeles,
Houston, Las Vegas, and Riverside, California, rounded out the bottom of the barrel.
On average, Washingtonians also have more money to
spend than their Northeastern counterparts,
which is also true compared with people in every other section
of the country. According
to the study, the Washington area has a median income of
$86,680, about $2,000 more
than second-place San Jose-Sunnyvale-Santa Clara, California.
The Philadelphia area
didn’t make the list, but Poughkeepsie-Newburgh-Middletown, New
York, rounded out
the top ten, with a median income of nearly $20,000 less than
DC. Interestingly, the
poorest areas aren’t too far outside Washington’s
backyard—Cumberland, Maryland, ranked
ninth on 247WallSt.com’s list of the ten most impoverished
cities.
Most Popular in News & Politics
Best of Washington 2023: Things to Eat, Drink, Do, and Know Right Now
“Shattered Glass”: An Oral History of the Media-Movie Cult Classic
Washingtonian Magazine
December 2023: Ways to Relax and Feel Better Now
View IssueSubscribe
Follow Us on Social
Follow Us on Social
Related
29 of the Best Things to Eat and Drink Around DC in 2023
29 of the Best Things to Do Around DC in 2023
16 of the Best Things to Know Around DC in 2023
Reader Picks: 26 Local Favorites Around DC in 2023
More from News & Politics
Good News for Aliens: DC Has America’s Brightest Holiday Lights as Seen From Space
If George Santos Is Booted From Congress, He’ll Join an Exclusive Club
How They Pick the Capitol’s Christmas Tree
The Washington Post Will Pause Its Advertising on X
Washington Post Says “Involuntary Layoffs” Could Be Next
An Inflatable George Santos Flopped Around the National Mall Tuesday
PHOTOS: The 2023 White House Holiday Decor
From the Archives: After JFK’s Assassination, His Final Flight From Dallas