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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
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    • How the Liberty Tree Became a Symbol of the Revolution
      In this excerpt from Why the Turkey Didn’t Fly. we look into how an everyday part of nature was used as a potent symbol of freedom. Though largely forgotten today, to the American patriots of the 18th century, liberty trees and liberty poles were representations of their cause at least as prominent as liberty bells or lady liberties.  Liberty...Read More » […]
    • A Revolutionary in Residence Highlights the Spanish Role in the Revolution
      March, 1781. General Bernardo de Gálvez, governor of Louisiana, has seen enough dithering. The Spanish fleet is poised to seize Pensacola and wrest control of West Florida from Great Britain, but uncertainty has the ships stalled just outside the bay that protects the strategic outpost. Will they be able to safely navigate the channel? Will...Read More » […]
    • A Quick update on our Spring babies
      Time for a quick update on our spring babies! We’ve currently got a dozen lambs so far in the Historic Area, with more on the way. Six ewes are still due to have little ones over the next few weeks – so keep an eye out for more lambs! When I went out to visit our...Read More »
    • Susan Higginson Nash: Pioneer Interior Decorator for the Restoration
      A stylish female figure can be seen in many photographs documenting the architectural team who undertook the restoration of Williamsburg’s historic district. She often stands out as the one lone woman amidst the group of men. In some photos, she is walking the grounds of Virginia plantation homes such as Mount Airy and Shirley and...Read More »
    • Finding Tranquil Spaces
      The historic area in the spring can be a little hectic. Between the excited school groups who are happily (and let’s face it, loudly) learning about our nation’s history, the gorgeous and varied dogs on DoG street, and the many other guests here to take in the beautiful weather and bright flowers… it can get...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

 

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