HOUSEHOLD INCOMES

TO BE YOUNG AND RICH

The national median household income is $53,657, according to the U.S. Census Bureau, and the average is $72,641. The Washington MSA had the highest percentage of ZIP
codes with a median household income over the national median, and tied with Boston for the most with an average household income over the national average.

It turns out our millionaires are on the

younger side, meaning our group includes
fewer retired folks than, say, Miami.

Percent of ZIP codes above national MEDIAN

average millionaire age

94

90

86

83

80

74

67

61

52

44

48

WASHINGTON

Boston

San Francisco

New York

Philadelphia

Chicago

Los Angeles

Dallas

Houston

Miami

Atlanta

Percent of ZIP codes above national average

Largest
metro areas

Percent of ZIP codes

over national average

R WASHINGTON

90%

Boston

90

San Francisco

86

New York

83

Philadelphia

73

Chicago

67

Los Angeles

65

Dallas

58

Houston

49

Miami

47

Atlanta

41

Highest ZIP code average

$278,010
261,039
282,338
296,104
251,492
276,492
261,003
217,909
227,530
220,290
195,623

ZIP
code

City

Difference, national
average and highest

22066

Great Falls, VA

282.7%

02493

Weston, MA

259.4

94027

Atherton, CA

288.7

10282

New York, NY

307.6

19437

Gwynedd, PA

246.2

60043

Kenilworth, IL

280.6

90077

Los Angeles, CA

259.3

76092

Southlake, TX

200.0

77401

Bellaire, TX

213.2

33122

Miami, FL

203.3

30327

Atlanta, GA

169.3

41

42

42

Dallas

Atlanta

Houston

43

44

44

WASHINGTON

Chicago

Philadelphia

45

45

45

Boston

Los Angeles

New York

46

51

San Francisco

Miami

36

Total average
age: 36

40

41

36

39

40

38

45

SOURCE: ESRI

jobs and employment Employment rate for population over 16 years old with a salaried or self-employment job.
68%

65

65

64

63

62

61

61

60

60

58

WASHINGTON

Dallas

Boston

Houston

San Francisco

Chicago

Atlanta

New York

Philadelphia

Los Angeles

Miami

SOURCE: 2014
American
Community
Survey, GMU
Center for
Regional
Analysis

42%

40

39

38

38

37

37

37

35

35

34

33

WASHINGTON

Boston

Los Angeles

Dallas

San Francisco

Houston

New York

Chicago

Atlanta

Philadelphia

Miami

Phoenix

vehicles per household

Plenty of bling is on our millionaires driveways in the Washington region. We rank second only to Los Angeles among top metro areas for number of cars in a single
household, further upping our net worth.

21

Los Angeles WASHINGTON

21

20

20

20

17

16

16

15

14

12

Atlanta

San Francisco

Dallas

Houston

Phoenix

Chicago

Philadelphia

Boston

Miami

New York

no place like home

were educated

Not everything is multiplied for us despite having the highest concentration

of millionaire neighborhoods among our peers. The cost to buy a house in a
millionaire area here is in the middle of the pack for the largest regions around
the U.S. somewhere between the bountiful and cheap real estate in Texas and
notoriously expensive West Coast.

average home values For millionaire ZIP codes

$915,680

San Francisco

814,589

Los Angeles
621,600

New York

585,407

Boston

570,013

WASHINGTON
Miami
Philadelphia
Chicago

529,110
472,922
459,093

Dallas

413,812

Atlanta

408,560

Houston

$84,504

Average disposable income for all

Greater Washington ZIP codes

401,229

$102,772

Average disposable income for all Greater

Washingtons millionaire ZIP codes

We have one of the most highly educated populations, thanks to an abundance

of professional and high-level government jobs in the region. And that might be
related to wealth as well. Here are the 10 most-educated ZIP codes among the
Washington regions wealthiest, as measured by average net worth.
ZIP
code

42

local average
millionaire age

workers per household Percent of households with two or more workers

22%

48

City

Average
net worth

Population

Professional
or graduate
degree

20816

Bethesda, MD

$2,821,139

16,461

58.0%

20815

Chevy Chase, MD

2,180,293

30,176

56.2

22101

McLean, VA

3,211,319

30,606

53.5

20016

Washington, DC

1,804,163

34,352

53.2

20817

Bethesda, MD

3,068,456

37,362

53.0

20854

Potomac, MD

3,578,798

51,329

52.2

20015

Washington, DC

2,382,072

15,970

52.1

22066

Great Falls, VA

3,705,768

18,350

48.7

20818

Cabin John, MD

3,339,368

1,335

47.1

22207

Arlington, VA

2,638,234

32,315

46.3

39

39

39

Alexandria

Arlington

Culpeper

40

40

40

Falls Church

Loudoun

Prince William

40

41

41

Stafford

Fairfax

Prince Georges

43

43

45

Frederick

Washington

Charles

45

47

47

Montgomery

Calvert

Clarke

47

49

Fauquier

Rappahannock

SOURCE: ESRI

how we compare

To understand just how big a deal it is to have more than half of adults with
graduate degrees in any area, Boston is the only MSA that out-intellectualizes
us, with nine ZIP codes having more than 50 percent of adults with graduate
degrees among those 50 (it is in Ivy League country, after all). Atlanta, Dallas,
Houston, Los Angeles or Miami had no ZIP codes based on that criteria.