Richest Cities in America (Virginia Beach, Norfolk: high income, live, military)

[xGrendelx]

According to Forbes, Virginia Beach is one of the richest cities in America. Based on average median income, Va Beach is up there with San Francisco, Anchorage, Alaska, and Washington DC. Here's a link to the article on Forbes.com if you want to take a look. A professor from ODU was interviewed for the article too, which I though was pretty cool. It seems Hampton Roads is starting to get some of the recognition it deserves.

Richest Cities In The U.S. - Forbes.com

[Erma]

Originally Posted by xGrendelx

According to Forbes, Virginia Beach is one of the richest cities in America. Based on average median income, Va Beach is up there with San Francisco, Anchorage, Alaska, and Washington DC. Here's a link to the article on Forbes.com if you want to take a look. A professor from ODU was interviewed for the article too, which I though was pretty cool. It seems Hampton Roads is starting to get some of the recognition it deserves.

Richest Cities In The U.S. - Forbes.com

That's cool...thanks

[Randomdude]

Originally Posted by xGrendelx

According to Forbes, Virginia Beach is one of the richest cities in America. Based on average median income, Va Beach is up there with San Francisco, Anchorage, Alaska, and Washington DC. Here's a link to the article on Forbes.com if you want to take a look. A professor from ODU was interviewed for the article too, which I though was pretty cool. It seems Hampton Roads is starting to get some of the recognition it deserves.

Richest Cities In The U.S. - Forbes.com

I think it must be pointed out that Virginia Beach is not "Hampton Roads". The rest of "Hampton Roads" is far below the national average for household income, save for possibly Chesapeake. I think it must also be pointed out that almost every person with high income in the area lives in Virginia Beach, which paints a very unrealistic picture of the city and area. Additionally, I think it must be pointed out that average and median are not the same thing, and you cannot have an "average median". Its either average (mean), or median.

Finally, I think you must put everything in perspective. What do the average jobs pay in all of these areas? San Fran, Anchorage, Washington DC...these all have some of the highest paying economies in the country. Virginia Beach clearly does not belong in that discussion. The area is still dominated by low paying service jobs, and in nearly any professional field you can think of, wages are higher, and opportunities more plentiful, in almost any other metro area in the country.

[xGrendelx]

Originally Posted by Randomdude

I think it must be pointed out that Virginia Beach is not "Hampton Roads". The rest of "Hampton Roads" is far below the national average for household income, save for possibly Chesapeake. I think it must also be pointed out that almost every person with high income in the area lives in Virginia Beach, which paints a very unrealistic picture of the city and area. Additionally, I think it must be pointed out that average and median are not the same thing, and you cannot have an "average median". Its either average (mean), or median.

Finally, I think you must put everything in perspective. What do the average jobs pay in all of these areas? San Fran, Anchorage, Washington DC...these all have some of the highest paying economies in the country. Virginia Beach clearly does not belong in that discussion. The area is still dominated by low paying service jobs, and in nearly any professional field you can think of, wages are higher, and opportunities more plentiful, in almost any other metro area in the country.

Awesome.

[Erma]

I would think by meaning "rich," that it's not necessarily "THE RICH" that live here, but an economy that continues and doesn't shut down because we are a very large military community. The Professor from Old Dominion is analyizing from a perspective of people coming to VB, Norfolk and the like, not clumping them all together as Hampton Roads, but individual cities.

[SiestaBay]

Hmm, that article is really old. 2005.

[Erma]

Originally Posted by SiestaBay

Hmm, that article is really old. 2005.

Naw..it's only 3 years old and nothing ever changes. We grow from the wanderers from other states, but our economy doesn't change.

[Freefreq]

Originally Posted by Randomdude

I think it must be pointed out that Virginia Beach is not "Hampton Roads". The rest of "Hampton Roads" is far below the national average for household income, save for possibly Chesapeake. I think it must also be pointed out that almost every person with high income in the area lives in Virginia Beach, which paints a very unrealistic picture of the city and area. Additionally, I think it must be pointed out that average and median are not the same thing, and you cannot have an "average median". Its either average (mean), or median.

Finally, I think you must put everything in perspective. What do the average jobs pay in all of these areas? San Fran, Anchorage, Washington DC...these all have some of the highest paying economies in the country. Virginia Beach clearly does not belong in that discussion. The area is still dominated by low paying service jobs, and in nearly any professional field you can think of, wages are higher, and opportunities more plentiful, in almost any other metro area in the country.

RandomDude your killing me here.......LOL You actually think Forbes didnt do their research on this ?? The numbers dont lie buddy.

[SiestaBay]

Originally Posted by Erma

our economy doesn't change.

Say what?!

[beach kat]

Oh, the economy changes and we are seeing the affects of the recent economic changes here but I think we are in a more stable area here in the Hampton Roads.