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Old 02-07-2009, 12:45 PM
 
1,700 posts, read 5,518,120 times
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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
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Old 02-07-2009, 04:11 PM
 
Location: Va Beach
3,506 posts, read 12,708,440 times
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Quote:
Originally Posted by xGrendelx View Post
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
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Old 02-09-2009, 07:07 AM
 
Location: Virginia Beach, VA
5,517 posts, read 9,578,523 times
Reputation: 2552
Quote:
Originally Posted by xGrendelx View Post
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.
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Old 02-09-2009, 11:25 AM
 
1,700 posts, read 5,518,120 times
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Quote:
Originally Posted by Randomdude View Post
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.
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Old 02-09-2009, 01:27 PM
 
Location: Va Beach
3,506 posts, read 12,708,440 times
Reputation: 1025
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.
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Old 02-09-2009, 01:37 PM
 
162 posts, read 612,076 times
Reputation: 100
Hmm, that article is really old. 2005.
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Old 02-09-2009, 01:51 PM
 
Location: Va Beach
3,506 posts, read 12,708,440 times
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Quote:
Originally Posted by SiestaBay View Post
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.
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Old 02-24-2009, 08:35 PM
 
85 posts, read 303,114 times
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Quote:
Originally Posted by Randomdude View Post
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.
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Old 02-25-2009, 08:03 AM
 
162 posts, read 612,076 times
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Quote:
Originally Posted by Erma View Post
our economy doesn't change.
Say what?!
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Old 03-01-2009, 11:23 AM
 
Location: Virginia
136 posts, read 490,188 times
Reputation: 51
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.
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