Average Black Wealth in Washington, DC Metro is Comparable To White Wealth in LA Metro (compare, places)

[Flowerscorpion]

Originally Posted by Duderino

Yes, income comparisons without adjustments for COL are useless, especially in 2023.

Cost of living in any major metro is a myth, I lived in Atlanta and still payed NYC and Dc prices

[Duderino]

Originally Posted by Flowerscorpion

Cost of living in any major metro is a myth, I lived in Atlanta and still payed NYC and Dc prices

No, it's not a "myth" by any stretch of the imagination. That's an extremely bizarre thing to claim:

https://www.bea.gov/data/prices-infl...and-metro-area

[cdw1084]

Originally Posted by Duderino

No, it's not a "myth" by any stretch of the imagination. That's an extremely bizarre thing to claim:

https://www.bea.gov/data/prices-infl...and-metro-area

Yes, I had to read that a few times, wondering where that person lived in Atlanta, sounds interesting and very unlikely to happen.

[cdw1084]

Originally Posted by Flowerscorpion

Cost of living in any major metro is a myth, I lived in Atlanta and still payed NYC and Dc prices

http://https://www.nerdwallet.com/co...exandria-dc-va

Not sure where you lived but a quick COL calculator states that an income of $125K in Atlanta means that you would need over $194K to equal out in DC. After living in both metros, I can definitely see that.

[MDAllstar]

Originally Posted by cdw1084

Yes, I had to read that a few times, wondering where that person lived in Atlanta, sounds interesting and very unlikely to happen.

Probably Midtown Atlanta. Class A Midtown apartments are the same price as DC.

[cdw1084]

Originally Posted by MDAllstar

Probably Midtown Atlanta. Class A Midtown apartments are the same price as DC.

Which means whoever is renting those makes significantly above the annual average in Atlanta. However, the average apartment rent in Atlanta is significantly cheaper than DC. DC is nearly 60% more expensive according to a few COL websites.

[18Montclair]

Urban Area Income Data. I only included Urban Areas that are 10%+ Black .

Median Black Family Income, $90,000+, 2021
Waldorf, MD $137,829(65.5% Black)
Murfreesboro, TN $106,982(18.8% Black)
Antioch, CA $98,962(16.5% Black)
Washington, DC-VA-MD $97,537(29.1% Black)
Fairfield, CA $96,991(19.1% Black)
Elmira, NY $96,375(10.8% Black)
Avondale-Goodyear, AZ $91,212(11.3% Black)

Per Capita Income, $35,000+, 2021
Antioch, CA $45,895(16.5% Black)
Waldorf, MD $44,808(65.5% Black)
Washington, DC-VA-MD $41,068(29.1% Black)
Fredericksburg, VA $40,334(21.1% Black)
Fairfield, CA $39,398(19.1% Black)
Vallejo, CA $36,643(20.4% Black)
Denton-Lewisville, TX $36,591(12.6% Black)
Lexington Park-California, MD $36,408(24.4% Black)
Vacaville, CA $35,720(14.2% Black)
Murfreesboro, TN $35,409(18.8% Black)

[ckhthankgod]

Originally Posted by 18Montclair

Urban Area Income Data. I only included Urban Areas that are 10%+ Black .

Median Black Family Income, $90,000+, 2021
Waldorf, MD $137,829(65.5% Black)
Murfreesboro, TN $106,982(18.8% Black)
Antioch, CA $98,962(16.5% Black)
Washington, DC-VA-MD $97,537(29.1% Black)
Fairfield, CA $96,991(19.1% Black)
Elmira, NY $96,375(10.8% Black)
Avondale-Goodyear, AZ $91,212(11.3% Black)

Per Capita Income, $35,000+, 2021
Antioch, CA $45,895(16.5% Black)
Waldorf, MD $44,808(65.5% Black)
Washington, DC-VA-MD $41,068(29.1% Black)
Fredericksburg, VA $40,334(21.1% Black)
Fairfield, CA $39,398(19.1% Black)
Vallejo, CA $36,643(20.4% Black)
Denton-Lewisville, TX $36,591(12.6% Black)
Lexington Park-California, MD $36,408(24.4% Black)
Vacaville, CA $35,720(14.2% Black)
Murfreesboro, TN $35,409(18.8% Black)

Wait…a…second! Elmira! I know that Corning Incorporated, a Fortune 500 company, is down the road in Corning, some likely work at other area companies and industries, but if any place in Upstate NY would make the list, Elmira would not come to mind. It appears that this is for 2021 1 year census data.

[boreatwork]

Originally Posted by 18Montclair

Urban Area Income Data. I only included Urban Areas that are 10%+ Black .

Median Black Family Income, $90,000+, 2021
Waldorf, MD $137,829(65.5% Black)
Murfreesboro, TN $106,982(18.8% Black)
Antioch, CA $98,962(16.5% Black)
Washington, DC-VA-MD $97,537(29.1% Black)
Fairfield, CA $96,991(19.1% Black)
Elmira, NY $96,375(10.8% Black)
Avondale-Goodyear, AZ $91,212(11.3% Black)

Per Capita Income, $35,000+, 2021
Antioch, CA $45,895(16.5% Black)
Waldorf, MD $44,808(65.5% Black)
Washington, DC-VA-MD $41,068(29.1% Black)
Fredericksburg, VA $40,334(21.1% Black)
Fairfield, CA $39,398(19.1% Black)
Vallejo, CA $36,643(20.4% Black)
Denton-Lewisville, TX $36,591(12.6% Black)
Lexington Park-California, MD $36,408(24.4% Black)
Vacaville, CA $35,720(14.2% Black)
Murfreesboro, TN $35,409(18.8% Black)

Where do you find the median black family income for these areas?

[18Montclair]

Originally Posted by boreatwork

Where do you find the median black family income for these areas?

"B19113B MEDIAN FAMILY INCOME IN THE PAST 12 MONTHS (IN 2021 INFLATION-ADJUSTED DOLLARS) (BLACK OR AFRICAN AMERICAN ALONE HOUSEHOLDER)"

This^ is the table in data.census.gov that provides Black Median Family Income--you can select different types of geographical areas, in this instance I chose Urban Area.