Median Household Income in the region. (Philadelphia, Allentown: environment, estate, hoa)

[rainrock]

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.

[StuckPA]

Originally Posted by Bwads31

Well this thread is on the Philadelphia region not the state as a whole. I was responding to his "PA is in for rough times" I would say that Bucks, Montco, Delco, and the Lehigh Valley are all doing well. I know the western part of the state is stuggling but I think this region is doing pretty good. I know you disagree though.

I don't doubt this region is doing well,but that would be about it. Even though this part of the forum is the Philadelphia region,I'm not going to be as closed minded and cut off as most of it's residents and I will actually include the rest of the state in the facts & figures.

[StuckPA]

Originally Posted by rainrock

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.

That would figure since it is the Philadelphia Business Journal.
Similar with publications like Philadelphia magazine,why should they acknowledge New Jersey?

[BPP1999]

Originally Posted by StuckPA

That would figure since it is the Philadelphia Business Journal.
Similar with publications like Philadelphia magazine,why should they acknowledge New Jersey?

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.

[BPP1999]

Originally Posted by Bwads31

Well this thread is on the Philadelphia region not the state as a whole. I was responding to his "PA is in for rough times" I would say that Bucks, Montco, Delco, and the Lehigh Valley are all doing well. I know the western part of the state is stuggling but I think this region is doing pretty good. I know you disagree though.
I just spoke about Chester County to make fun of the orginal poster.

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.

[rainrock]

Originally Posted by StuckPA

That would figure since it is the Philadelphia Business Journal.
Similar with publications like Philadelphia magazine,why should they acknowledge New Jersey?

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

[StuckPA]

Originally Posted by rainrock

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.

[i]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.

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

Now you're really stretching it,going by what a CA publication says.

So yea you're affluent...so what?

[MoorestownResident]

Originally Posted by rainrock

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.

Philly Rags never give SJ justice. If I recall it also ranked Moorestown low in the region the same year Money ranked it #1 in the nation. If I were you, I'd be more concerned about the relatively weak income county data in PA, that's a lot more telling. Philly is probably the poorest county in the nation tied to a major metro area.

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

[MoorestownResident]

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.

[BPP1999]

Originally Posted by MoorestownResident

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.

NJ has grown as a result of being a bedroom community for NYC and Philadelphia. Has been, and will continue to be. Talk about no MOXY.

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.