Loudoun County continues to hold the top spot in the U.S. for median household income, according to a recent survey published by the U.S. Census Bureau. Loudoun, which county officials say has held the top spot for the past 12 years, came in at $139,915 in 2018.
Nearby Arlington County came in at No. 5 with $122,394, while the second through fourth counties were in California.
Loudoun's high income levels are driven largely by the government and government contracting, defense and tech industries.
In the Washington region, Loudoun has the highest household income distribution over $150,000 at 46.4 percent. In terms of renting and leasing in the region, Loudoun also holds the top spot with five or more-bedroom homes (14.4 percent), and ranks second with four-bedroom homes (33.4 percent).
George Mason University’s Stephen S. Fuller Institute for Research on the Washington Region’s Economic Future has long monitored the statistics from the U.S. Census.
“The main takeaway is that Loudoun’s housing stock is playing a role in what types of households can live in the county: housing is larger, newer, and more likely to be for-sale than other jurisdictions in our region. This limits opportunities for households earning less than $100,000 to live in the county,” said Deputy Director and Senior Research Associate Jeannette Chapman for the Stephen S. Fuller Institute.
Loudoun County Chairwoman Phyllis Randall (D-At Large) welcomed the news, but she said there are still plenty of neighbors that need help in one form or another.
“We always have to be aware that even with that median income there are people who are not enjoying those income levels and to remember there are people in Loudoun who go to bed hungry and have other needs. We never want to forget those people because every single person no matter your income is important part of our county,” Randall said.
Still, Randall said, “It’s been a very good story of our economy over the past four years, and I think the takeaway is stay on the course, stay on the track, keep it going."
During the past four years, the Loudoun Department of Economic Development (DED) has announced $17.6 billion dollars in investment, 16,972 new jobs and more than 28 million square feet of new commercial space.
During that time, the number of people employed in Loudoun grew by 10.5% and the average income of people employed in Loudoun grew by 7%. The percentage of the county's tax revenue from commercial increased from 26% in 2015 to 32% in 2018 (estimated to be over 34% in 2019). In 2007, only 19% of the total tax base was from commercial taxes.
Top 5 U.S. median household income in 2018:
-Loudoun County, Virginia ($139,915)
-Santa Clara County, California ($126,606)
-Marin County, California ($126,373)
-San Mateo County, California ($124,425)
-Arlington County, Virginia ($122,394)