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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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      The weather was brisk and beautiful. The sound of gospel choirs, bagpipes, and Fifes and Drums echoed through the streets. And the smell of cressets and delicious food wafted throughout the crowds. This sensory magic—all leading up to the epic finale, a grand display of fireworks! You could feel the anticipation and excitement in the...Read More »
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      As the resident grandmother of the Social Media Team, I was excited when asked to provide my thoughts on holiday gift ideas, as I am currently in the throes of finding gifts for two of my greatest loves, my granddaughters Lilyann (Lily), Age 5 and Gracelyn (Gracie), Age 3. Watching them grow up (way too quickly, I...Read More »
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      From this beautiful colonial cookie jar to unique silver charms to children’s books and stuffed animals… we offer several Colonial Williamsburg-inspired gifts for the animal lover in your life. I put together my list of favorites that caters to a variety of budgets. Check it out and see what you think! Charming Choice $24 Charm bracelets...Read More » […]
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      If your gift list is peppered with friends and family that “have it all”—then today’s guide is for you. After all, who doesn’t love food? Check out our top 10 unique 18th-century inspired gifts for the foodie in your life. 1. Old Stitch Mustard, Mad Mary Tomato Catsup And Jane Vobe’s Tomato Conserve Set ($15.95) 2....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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