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Bad news for Moorestown Resident.
Philadephia Business Journal has an article this week regarding the areas 25 wealthiest zip codes.If I can track it down online I will post it. Only 3 South jersey Zips made the cut. A zip in Cherry Hill(Voorhees???) was 14 Moorestown 19 Medford 25 The other 22 were in the PA burbs. |
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Similar with publications like Philadelphia magazine,why should they acknowledge New Jersey? |
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Plenty of these magazines acknowledge NJ. It's part of the metro area. NJ gets plenty of time and praise in Philadelphia Magazine, the Inquirer, and Philadelphia Business Journal, among other publications.
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Yes, this is the problem. Parts of the state are doing well, but huge swaths (the largely rural ones) are struggling. So are many of PA's small isolated towns and cities. |
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The wealthiest ZIP codes - Sacramento Business Journal: No but thanks for trying. The data included Camden,Burlington and Gloucester. It wasnt done by the Philadelphia Business Journal but rather an independent research company out of California. ZIP codes were ranked by research company ESRI Business Information Solutions of Redland, Calif. ESRI scored households based on wealth factors that include home values, income and net worth and rate of income increase, in addition to other proprietary measurements of material wealth and resources. For the purposes of this list and ZIP profiles, ZIP codes are referred to by their post office name, though multiple ZIP codes may constitute a township. Only areas with an average household net worth of higher than $1.5 million made the list of Top 25 wealthiest. Data was collected from Bucks, Delaware, Montgomery, Chester and Philadelphia counties in Pennsylvania and Gloucester, Burlington and Camden counties in New Jersey. Kind of puts a damper on Moorestowns Resident's swashbuckling claims. The wealthiest ZIP codes - Philadelphia Business Journal: Areas of Affluence: No. 1 Gladwyne 19035 Areas of Affluence: No. 2 Villanova 19085 Areas of Affluence: No. 3 Merion Station 19066 Areas of Affluence: No. 4 Washington Crossing 18977 Areas of Affluence: No. 5 Chester Springs 19425 Areas of Affluence: No. 6 Wynnewood 19096 Areas of Affluence: No. 7 Chadds Ford 19317 Areas of Affluence: No. 8 Dresher 19025 Areas of Affluence: No. 9 Gwynedd 19436 Areas of Affluence: No. 10 Haverford 19041 |
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So yea you're affluent...so what? |
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Of course when we look at RE, we get a better picture of what we can get buy for our money in the region and including property taxes, SJ is far more expensive, especially the elite towns as you can see right here. This estate in Villanova is larger, far less expensive than the one in Moorestown and they are direct sales comps based on size. R/E is all about location, schools and moxy, my friend. And taxes are probably 2X worse in Moorestown. The Main Line has gone downhill from 20 years ago when it was hot in the 80s and the place to be. No longer. $6,500,000 5 Cobblestone Ct Moorestown, NJ 08057 Bedroom: 5 Bath: 6 full, 3 partial 11,000 square feet $5,499,000 6 Bed, 7 Bath 1225 Page Ter Villanova, PA 19085 12,000 Sq. Ft. Why do you get more? Pretty simple, LOCATION: Villanova Distance to: Philly, 17 miles NYC, 104 miles A/C, 79 miles Princeton, 51 miles Moorestown Distance to: Philly, 14 miles NYC, 83 miles A/C, 58 miles Princeton, 36 miles Last edited by MoorestownResident; 09-02-2008 at 12:27 PM.. |
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And speaking of Philly mag, they rank Birmingham Township, PA with a median income of $152K as the 'highest paycheck'. Not only has nobody heard of it, nobody lives or works there, it has 604 people per square mile at 6 square miles with most people working in nearby Wilmington, DE. That's PA for ya right there. NO MOXY or substance.
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This explains the general lack of culture (colleges and universities, museums, etc.) and also helps explain why most of NJ is concrete sprawl and highways. Talk about no SUBSTANCE. Plenty of pizza places, bagel places, and shopping centers, but no sense of place or purpose in the grander scheme of things. |
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