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  • psst … I’m a Realtor! Thanks for stopping by my website. I would love to help you find your dream home and community in the Hampton Roads or Williamsburg area or to sell your existing home. This website is authored by local resident and REALTOR, John Womeldorf. John is known around town as Mr. Williamsburg, for both his extensive knowledge of Hampton Roads and the historic triangle, and his expertise in the local real estate market. His websites, WilliamsburgsRealEstate.com and Mr Williamsburg.com were created as a resource for folks who are exploring a move to Williamsburg, VA , Hampton Roads VA and the surrounding areas of the Virginia Peninsula. On his website you can search homes for sale , foreclosures, 55+ active adult communities, condos and town homes , land and commercial property for sale in Williamsburg, Yorktown, New Kent, Poquoson, and Gloucester, VA as well as surrounding markets of Carrolton, Chesapeake,Gloucester, Hampton, Isle of Wight, Portsmouth Mathews, Newport News Norfolk, Poquoson, Smithfield, , Suffolk, Surry, Va Beach, Yorktown and York County Virginia You can reach John by email John@MrWilliamsburg.com or phone @ 757-254-813
  • RSS Colonial Williamsburg News

    • Pokémon GO Brings Trainers of All Ages to the Historic Area
      Last night was our first ever social meet-up and we are happy to report it was a rousing success! An estimated 250-300 people of all different ages from as far away as Fredericksburg and Carrollton made the trip into the Historic Area to join the Pokémon GO Revolution. Local Bruce Hornsby even checked in on the fun....Read More »
    • A New Plan Is Hatched: An 18th-Century Egg Incubator
      In the shade under a canvas tarp stands a barrel and a considerable pile of manure—what’s not to love? I’m in the backyard of the Powell House checking out our newest old experiment, an 18th-century egg incubator. The project came together in just a few months, prompted by a basic question: What else can we learn...Read More »
    • Happily Ever After: My Unforgettable Colonial Williamsburg Proposal
      As I log on to my computer every morning, I watch the dates slowly change on my calendar, and it’s finally starting to set in. My wedding is almost here. It’s hard to believe it’s been eight months since Tim got down on one knee in the gardens behind the Governor’s Palace… and asked me to marry...Read More »
    • Beneath the Surface: Child’s Play, The Analysis of 19th-century German Toys
      “They don’t make ‘em like they used to” is how the saying goes. In the case of some 19th-century German-made toys, that might be a good thing. This October, our Abby Aldrich Rockefeller Folk Art Museum will open a new exhibit called “German Toys in America”, featuring a whimsical variety of 19th-century German-made toys including soldiers, farm...Read More » […]
    • Killing Geppetto: 7 Widespread Myths about 18th-Century Shoemaking
      Al Saguto would like to clear up a few things. Interpreting historic trades is usually a pretty safe business, explains the Master of the Shoemaker Shop. Most are keeping alive crafts that the average person has only a passing familiarity with. Shoes are different. We all wear them, and we’ve absorbed facts and anecdotes mixed...Read More »
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    5524 Pennington Place

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Virginia Beach Real Estate- Median Income Facts

va beachHere is a surprising fact. Forbes Magazine looked at the 2004 US Census and came up with a list of cities with the highest median income.  You would think that LA, New York City would definitely be on the list of the top 10. Not so.

Surprisingly our own VA Beach was ranked 4th on the list.

Median income is the level at which half of the households make more and half less.

 San Francisco and Washington, D.C., are in the top 10 as well although New York, Boston and Miami are nowhere to be seen in the top ten. California cities make up 40% of the rankings, and the rest is made up by some surprising locales, including Anchorage, Raleigh, N.C., and Virginia Beach, Va. While pleasant places, they aren’t generally thought of as homes for the rich and famous.

What gives? A combination of local economic strength, geographical quirks and the limitations of the analysis, which measures the middle of the income distribution, rather than the extremes.

Newer cities also have higher median incomes than more established places, like Boston or Chicago, because they are growing and have people moving in rather than out. Look just outside the city of Philadelphia (which also did not make the top ten), for example, and you will see an abundance of wealthy suburbs.

Virginia Beach is also helped by its strong military economic base. Military areas tend to have less-extreme income distributions (a reason San Diego makes the list as well), and retirees in the area tend to have comfortable military pensions.

 

Rank

City

State

Median Household Income

Median Home Price

1

San Jose

California

$71,765

$625,000

2

Anchorage

Alaska

$61,595

$294,374

3

San Francisco

California

$60,031

$726,900

4

Virginia Beach

Virginia

$55,781

$192,000

5

San Diego

California

$51,382

$605,600

6

Anaheim

California

$49,622

$696,100

7

Raleigh

North Carolina

$47,878

$185,200

8

Seattle

Washington

$46,650

$310,300

9

Washington

District of Columbia

$46,574

$429,900

10

Honolulu

Hawaii

$46,500

 

Click here to search all homes, town homes, condos, building lots, 55+ communities, golf course communities both new and resale for sale in Va Beach , Virginia

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