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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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      It’s that time of year. Coworkers are out sick, kids are missing school, and friends are posting on social media about all the nasty stomach bugs going around. In addition to over-the-counter solutions, many of you may be turning to all-natural remedies, including essential oils. But what would they have used in the 18th century?...Read More »
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      Benjamin Franklin had only a passing acquaintance with Williamsburg, which he visited twice. But he belongs to all Americans, an icon of the nation’s most optimistic sense of itself: rising from humble origins to ever-greater heights through ingenuity and force of will, while maintaining a generous spirit. This excerpt from Why the Turkey Didn’t Fly explores […]
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      A foot of snow fell on Williamsburg Saturday, the largest one-day accumulation since the record was set in 1980. While the kids rejoiced over school’s cancellation and neighbors started to dig out their driveways, I dipped into the archives to see how recent experience compared to 18th-century Virginia winters. From what I discovered it appears heavy...Read […]
    • Not Even a Blizzard Could Keep Us from Getting Married!
      My name is Haley Morton Haines, and I’m a third year law student at the College of William & Mary Law School. My husband is Matthew Haines, and he is a sergeant in the Marine Corps. On Saturday, January 7, we got married… in the snow… in front of the Governor’s Palace! We planned to...Read More »
    • Photo Essay: A Foot of Snow Transforms the Historic Area into a Winter Wonderland!
      We knew early last week a winter storm was coming our way. And on Friday, a blizzard warning went up for southside Virginia. It extended onto the Peninsula, getting as close to us as Hampton. But local meteorologists still weren’t saying too much about Williamsburg. Yet. A little after midnight, the first flurries started to...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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