Arlington Ranked Among Wealthiest In Virginia Based On 3 Factors (2024)

Skip to main content

Personal Finance

SmartAsset ranked Virginia localities on residents' wealth based on three factors, and Arlington County came in second.

Arlington Ranked Among Wealthiest In Virginia Based On 3 Factors (2)

Mark Hand, Patch StaffArlington Ranked Among Wealthiest In Virginia Based On 3 Factors (3)

Arlington Ranked Among Wealthiest In Virginia Based On 3 Factors (4)

ARLINGTON, VA — Arlington residents overall can be considered among the wealthiest among Virginia's localities, according to a new study from SmartAsset.

SmartAsset, a financial advice resource, based its ranking of residents' wealth by locality on three factors: investment income per capita, median home value and per capita income. For the investment income factor, the study evenly weighed ordinary Dividends, qualified dividends and net capital gains in the score. Data comes from the IRS, National Association of Realtors, and Bureau of Economic Analysis.

"We calculated a Wealth Index for all U.S. counties based on a combination of these three metrics and ranked them accordingly to provide a holistic view of what areas of the U.S. are accumulating the most wealth," SmartAsset's study page states.

Interested in local real estate?Subscribe to Patch's new newsletter to be the first to know about open houses, new listings and more.

Arlington came in second in Virginia, behind only the City of Falls Church, with a wealth index of 42.54 based on the three factors: investment income, property value, and per capita income.

In the property value category, the median home value in Arlington was $899,985, second only to Falls Church at $935,913.

Interested in local real estate?Subscribe to Patch's new newsletter to be the first to know about open houses, new listings and more.

Arlington's residents had a per capita income of $100,823, sixth in the state behind Falls Church, Fairfax County, Fairfax City, Prince William County and Goochland County.

Arlington ranked 16th nationally according to the study.

The top 10 wealthiest localities in Virginia as ranked by SmartAsset are:

  • Falls Church City
  • Arlington County
  • Fairfax County
  • Fairfax City
  • Goochland County
  • Alexandria City
  • Loudoun County
  • Prince William County
  • Albemarle County
  • Fauquier County

See how Virginia localities rank on wealth here.

Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.

We’ve removed the ability to reply as we work to make improvements. Learn more here

Arlington Ranked Among Wealthiest In Virginia Based On 3 Factors (2024)

FAQs

Arlington Ranked Among Wealthiest In Virginia Based On 3 Factors? ›

Arlington came in second in Virginia, behind only the City of Falls Church, with a wealth index of 42.54 based on the three factors: investment income, property value, and per capita income. In the property value category, the median home value in Arlington was $899,985, second only to Falls Church at $935,913.

Is Arlington, VA a wealthy area? ›

Arlington County is one of four counties within the state of Virginia to be among the country's richest counties.

What is the wealthiest area in Virginia? ›

1. Great Falls. The richest city in Virginia is Great Falls. Situated in the northern part of the state, this city is located close to the Maryland border and is home to about 16,000 people.

What is Arlington Virginia best known for? ›

While it's most famous as the site of the Pentagon, there are still many other sightseeing opportunities to enjoy. You can explore plenty of sights in Arlington for free – it's an excellent place to visit if you're visiting on a modest budget.

Is Arlington the richest county? ›

Arlington Ranks No. 6 Richest County in U.S. | ARLnow.com.

What is the richest county in Virginia? ›

As of 2020, Loudoun County, Virginia, a suburb of Washington, D.C. in Northern Virginia has a median household income of $147,111, the highest of any county in the nation.

What is the richest community in the United States? ›

With nearly 350,000 millionaires and 60 billionaires, the Big Apple is the richest city in America, according to the USA Wealth Report from Henley & Partners and New World Wealth. Despite all the headlines about the rich leaving the city, its millionaire population has grown 48% over the past decade.

Where do millionaires live in Virginia? ›

Great Falls, nestled within the prestigious bounds of Fairfax County, stands as a testament to luxury living in Virginia. Revered as one of the most expensive locales in the state, Great Falls presents an idyllic blend of grandiose estate homes and breathtaking natural vistas.

Who are the wealthiest people in Virginia? ›

The wealthiest among them is Virginia's Jacqueline Mars, granddaughter of Frank C. Mars, the founder of the Mars candy company.

Where do most rich people live in Virginia? ›

Here are the top 10 wealthiest counties and cities in Virginia:
  • Falls Church City.
  • Arlington County.
  • Fairfax County.
  • Loudoun County.
  • Fairfax City.
  • Alexandria City.
  • Fauquier County.
  • Prince William County.
May 31, 2023

Is Arlington VA the fittest city in America? ›

The American College of Sports Medicine has ranked Arlington, Virginia, the nation's “fittest city” for the sixth consecutive year. The District ranks No. 2. The ACSM's fitness index uses 34 indicators of fitness, including health outcomes, environment, recreational facilities and policies and funding.

Is Arlington VA safer than DC? ›

The DC crime rate is significantly higher than the Arlington crime rate. According to the FBI, the overall crime rate in DC is 4,389 crimes per 100,000 people. This is 87.1% higher than the national average. Arlington is a safer place to live than DC.

Why is Arlington so important? ›

The birthplace of Uncle Sam, the location of the first public children's library, and the site of most of the fighting when the British marched through it returning from the Old North Bridge at the start of the Revolutionary War, Arlington has preserved many of its historical buildings and even recreated its town ...

How rich is Arlington Virginia? ›

Arlington came in second in Virginia, behind only the City of Falls Church, with a wealth index of 42.54 based on the three factors: investment income, property value, and per capita income. In the property value category, the median home value in Arlington was $899,985, second only to Falls Church at $935,913.

What is the #1 richest county in America? ›

List of Top Richest Counties in the U.S.
RankCountyMedian Household Income*
1.Loudoun County$170,463
2.Falls Church City$164,536
3.Santa Clara County$153,792
4.San Mateo County$149,907
11 more rows
Feb 28, 2024

What are the top 10 richest cities in America? ›

10 Most Richest Cities In USA
RankCityState
1Washington, D.C.District of Columbia
2New York City, NYNew York
3Boston, MAMassachusetts
4Seattle, WAWashington
6 more rows
Feb 16, 2024

Is Arlington more expensive than DC? ›

Cost of Living Comparison Between Arlington, VA and Washington, DC. You would need around 7,975.4$ in Washington, DC to maintain the same standard of life that you can have with 7,400.0$ in Arlington, VA (assuming you rent in both cities).

What is a good salary in Arlington, VA? ›

Average Salary in Arlington, VA. $59,068 is the 25th percentile. Salaries below this are outliers. $106,387 is the 75th percentile.

What is the middle class income in Arlington VA? ›

Arlington is the exception to the numbers for the D.C. area. It ranks No. 3 in the country for the cost to be in the middle class with a median household income of $125,651, meaning residents have to make at least $84,186 to be considered middle class. The upper threshold for middle class in Arlington is $251,302.

What is middle class in Arlington VA? ›

A family needs to make a bit over $84,000 to be considered middle class in Arlington. That's according to a new list compiled by the financial website SmartAsset. To be in the upper income tier, a household needs to make more than $250,000.

Top Articles
Latest Posts
Article information

Author: Dong Thiel

Last Updated:

Views: 5874

Rating: 4.9 / 5 (59 voted)

Reviews: 90% of readers found this page helpful

Author information

Name: Dong Thiel

Birthday: 2001-07-14

Address: 2865 Kasha Unions, West Corrinne, AK 05708-1071

Phone: +3512198379449

Job: Design Planner

Hobby: Graffiti, Foreign language learning, Gambling, Metalworking, Rowing, Sculling, Sewing

Introduction: My name is Dong Thiel, I am a brainy, happy, tasty, lively, splendid, talented, cooperative person who loves writing and wants to share my knowledge and understanding with you.