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We're just going to leave this right here: if you're the 10th oldest state in the county, you better believe you house some crazy rich cities. And, yes, we're talking about you Virginia.
If you're looking for safe cities and neighborhoods, amazing schools, and high-end shopping, with a bank account to match, you can stop your search. There are cities in on our top ten tichest cities in Virginia that have these 5-star amenities, and then some. And, yes, they are mainly centralized around Washington D. C.
To create this list, we asked ourselves, what is important to rich people in Virginia? Besides the obvious: high paying jobs, affluent neighborhoods, crazy expensive Southern Colonial homes, Michelin rated restaurants, and more car services than Starbucks; the cities on our list had to cater to the 'one percent' on a different level. How does one get their hands on one of these shiny, Virginia pearls; where living your best life requires a boatload of money? Well, a couple of things have to fall into place for you. Well, you need to find a job that pays on average $90,000/year. Might we suggest a job in real estate in our number one richest city? The median home price in this city is over $700,000. You better have deep pockets if you want to live here, folks.
Wealthy people want to live in the best cities, so it's not lost on us that there are multiple cities on our ten Best Cities to Live in Virginia for 2020 that are also on our richest list. So, pull up a chair, put on your spectacles, and read on to learn about the wealthiest places in Virginia.
At the end of the day, here's the set of the 10 richest places in Virginia for 2020:
- Vienna (Photos | Homes For Sale)
- Leesburg (Photos | Homes For Sale)
- Falls Church (Photos | Homes For Sale)
- Purcellville (Photos | Homes For Sale)
- Fairfax (Photos | Homes For Sale)
- Herndon (Photos | Homes For Sale)
- Alexandria (Photos | Homes For Sale)
- Bridgewater (Photos | Homes For Sale)
- Warrenton (Photos | Homes For Sale)
- Poquoson (Photos | Homes For Sale)
Did we mention that you either have to win the lottery or be a descendant of one of Virginia's many notables like Warren Beatty to live in one of the wealthiest cities in the Old Dominion for 2020?
In all seriousness, we narrowed down the richest cities in Virginia by looking at several factors: poverty rate, median household income, unemployment rate. The cities also had to have a population of at least 5,000.
Without further adieu, what's the one city in Virginia where the cobblestone streets are paved in gold? That would be Vienna, the richest city in Virginia for 2020.
To see how your city compared, or what cities made the top 10, take look below. And if you don't see your city there, head to the bottom.
Rich people not your cup of tea? Feel free to check out some more reading about Virginia:
The 10 Richest Cities In Virginia For 2020
Vienna is a town in Fairfax County, Virginia, United States. As of the 2010 United States Census, it had a population of 15,687. Significantly more people live in ZIP codes with the Vienna postal addresses bordered approximately by Interstate 66 on the south, Interstate 495 on the east, Route 7 to the north, and Hunter Mill road to the west.
Leesburg is a historic town within and the county seat of Loudoun County, Virginia. Leesburg is 33 miles west-northwest of Washington, D.C. along the base of Catoctin Mountain and adjacent to the Potomac River. Its population according to the 2010 Census is 42,616. The town is also the northwestern terminus of the Dulles Greenway, a private toll road that connects to the Dulles Toll Road at Washington Dulles International Airport.
Falls Church is an independent city in the U.S. state of Virginia. As of the 2010 census, the population was 12,332. The estimated population in 2015 was 13,892. Falls Church is included in the Washington metropolitan area. Falls Church has the lowest level of poverty of any independent city or county in the United States.
Purcellville is a town in Loudoun County, Virginia, United States. The population was 9,232 according to the United States Census 2015 Population Estimate. Purcellville is the major population center for western Loudoun and the Loudoun Valley. Today, many of the older structures remaining in Purcellville reflect the Victorian architecture popular during the early 20th century. Patrick Henry College is located in the town.
Fairfax, colloquially Central Fairfax, Downtown Fairfax, Fairfax City, or the City of Fairfax, is an independent city in the Commonwealth of Virginia. As of the 2010 census the population was 22,565, which had risen to an estimated 24,013 as of 2015.
Herndon is a town in Fairfax County, Virginia, in the Washington, D.C. metropolitan area of the United States. The population was 23,292 at the 2010 census, which makes it the largest of three incorporated towns in the county.
Alexandria is an independent city in the Commonwealth of Virginia in the United States. As of the 2010 census, the population was 139,966, and in 2016, the population was estimated to be 155,810. Located along the western bank of the Potomac River, Alexandria is approximately 7 miles south of downtown Washington, D.C.
Bridgewater is an incorporated town in Rockingham County, Virginia, United States. The population was 5,644 at the 2010 census. It is included in the Harrisonburg, Virginia Metropolitan Statistical Area. Bridgewater is also home to Bridgewater College.
Warrenton is a town in Fauquier County, Virginia, United States. The population was 9,611 at the 2010 census, up from 6,670 at the 2000 census. The estimated population in 2015 was 9,897. Warrenton is the county seat of Fauquier County. It is at the junction of U.S. Route 15, U.S. Route 17, U.S. Route 29, and U.S. Route 211. The town is in the Piedmont region of Virginia, east of the Blue Ridge Mountains. The well-known Airlie Conference Center is 3 miles north of Warrenton, and the historic Vint Hill Farms military facility is 9 miles east. Fauquier Hospital is located in the town. Surrounded by Virginia wine and horse country, Warrenton is a popular destination outside Washington, D.C.
Poquoson is an independent city in the Commonwealth of Virginia. As of the 2010 census, the population was 12,150. The Bureau of Economic Analysis combines the city of Poquoson with surrounding York County for statistical purposes.
How We Determined The Richest Places In Virginia For 2020
The first thing that comes to most people's minds when they think about determining the richest places is to simply identify personal incomes. After all, rich people have really high salaries.
However, we don't believe that one statistic wholly encompasses what it means to be one of the "richest places". So we looked at this set of criteria from the newly released 2014-2018 American Community Survey:
- Poverty Level
- Median Household Income
- Unemployment Rate
Median household income is the most digestible way to understand how rich a place really is. The unemployment rate tries to capture the prospects for more people to become rich. If more people are employed, the richer the future looks.
After we collected the data for all 61 places with more than 5,000 people in Virginia, we ranked each place from 1 to 61 for each of the criteria, with 1 being the richest.
We then averaged all the rankings for a place into a "Rich Score" with the place having the lowest overall Rich Score, Vienna, crowned the "Richest City In Virginia For 2020". You can download the data here.
You can learn more about the top ten below or skip to the end to see the rankings for all 61 places.
There You Have It - The Wealthiest Places In Virginia For 2020
Like we said earlier, when we set out to identify the richest places in Virginia, we weren't sure what we'd encounter, but it ended up being some of the best places to live in Virginia.
When you look at the data, the cities and places mentioned above meet the criteria for being at the very top of the income ladder for everyone that lives there.
If you're curious enough, here are the poorest cities in Virginia, according to data:
2nd Poorest: Petersburg
3rd Poorest: Martinsville
For more Virginia reading, check out:
- Best Places To Retire In Virginia
- Best Counties To Live In Virginia
- Cheapest Places To Live In Virginia
Detailed List Of The Richest Cities In Virginia
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