Hampton Roads better than U.S for insurance, pay (Virginia Beach: house, income)

[cityboi757]

SmartRegion.org » Hampton Roads better than U.S. for insurance, pay

In the survey, the Census Bureau also reported that the median household income in Hampton Roads rose in 2008 even as the national figure declined. The region’s median household income climbed 4.2% to $57,122 last year from $54,824 in 2007.

[chesapeakesim]

Hampton Roads Median Household Income = $57,122
US Average Median Household Income = $50,303

Hampton Roads Median House Price = $216,000
US Average Median House Price = $174,100

Yes HR pay is higher than the US average, but factoring in housing costs the pay is still relatively low or housing is overly expensive.

[cityboi757]

Your a hater dude.

[Randomdude]

Why do you continue to use household income as some tell tale factor of this area? Its a bogus smoke and mirrors piece of data.

Seriously, have you ever bothered to check how many Hampton Roads households are married or dual or triple income? Compared that to the national average?

Why dont you compare PER CAPITA INCOME FROM WAGES that will give you a much better picture of the "pay" in Hampton Roads.

You will find that Hampton Roads is snuggly trailing the state and the nation in that category, dispite having a housing price and cost of living above the nation.

[Freefreq]

Originally Posted by Randomdude

Why do you continue to use household income as some tell tale factor of this area? Its a bogus smoke and mirrors piece of data.

Seriously, have you ever bothered to check how many Hampton Roads households are married or dual or triple income? Compared that to the national average?

Why dont you compare PER CAPITA INCOME FROM WAGES that will give you a much better picture of the "pay" in Hampton Roads.

You will find that Hampton Roads is snuggly trailing the state and the nation in that category, dispite having a housing price and cost of living above the nation.

The same way of doing things are done all over the country RandomDude. Most of them are married with both spouses working etc.

By the way you make it sound ONLY married couples in HR carry 2-3 jobs but that is the same across the Nation so the stats are accurate and correct and can be used to look at things when looking Nationwide cause the same critera is used everywhere and not just here.

[Randomdude]

Originally Posted by Freefreq

The same way of doing things are done all over the country RandomDude. Most of them are married with both spouses working etc.

No, actually they arent.

According to this site, check out the following married percents from some popular cities

Miami- 42%
New York- 43.4%
Los Angeles- 45.6%
San Francisco- 38.7%
Seattle- 39.9%
Detroit- 31.2%
Boston- 33.6%

And then Hampton Roads cities

Virginia Beach- 57.1%
Chesapeake- 59.6%
Suffolk- 55.2%
Newport News- 49.5%

Out of all of Hampton Roads, only Norfolk (40.6%) and Portsmouth (44.9%) have marriage rates remotely near what you would find in your average major city across this country.

Originally Posted by Freefreq

By the way you make it sound ONLY married couples in HR carry 2-3 jobs but that is the same across the Nation so the stats are accurate and correct and can be used to look at things when looking Nationwide cause the same critera is used everywhere and not just here.

The problem is that household income is a worthless stat, not that its a "legit" one. Hampton Roads is bouyed in household income because its got significantly more 2 income households then the average metro area.

However, that does not mean the average Joe is doing any better then another city. In fact, youll find that the average Joe is actually doing worse here then the average for the country. You would measure that by per capita wage income.

[pbehson]

So, let me get this straight. You (Randomdude) are suggesting that there are more two income households in VB, and that is why we have a decent median household income? Maybe there are just fewer people living together here and more two income familes are actually married when compared to other cities. Or maybe not.

How about comparing per capita income (you said that this is more accurate anyway).

City / Per Capita Income / Avg House price

VB / $29.5k / 282k
Boston / $31k / $426k
Seattle / $40k / 478k
SF / $45k / 830k
NYC / $29.5k / 539k
Jax / $25.5k / 190k
Charlotte / $31k / 175k

What does this say? Jax and Charlotte are a bargain and VB compares favorably to other cities. I can't understand why the fact that you can't seem to make money makes you want to slant data about HR so it looks bad.

[Spazkat9696]

Originally Posted by pbehson

So, let me get this straight. You (Randomdude) are suggesting that there are more two income households in VB, and that is why we have a decent median household income? Maybe there are just fewer people living together here and more two income familes are actually married when compared to other cities. Or maybe not.

How about comparing per capita income (you said that this is more accurate anyway).

City / Per Capita Income / Avg House price

VB / $29.5k / 282k
Boston / $31k / $426k
Seattle / $40k / 478k
SF / $45k / 830k
NYC / $29.5k / 539k
Jax / $25.5k / 190k
Charlotte / $31k / 175k

What does this say? Jax and Charlotte are a bargain and VB compares favorably to other cities. I can't understand why the fact that you can't seem to make money makes you want to slant data about HR so it looks bad.

Because it's hard for some people to think outside their circle. Apparently a lot of people he knows are in the same situation.

[adctvmonkey]

Per capita income for 2006: National PCI: $36,714; Virginia's PCI: $39,540.

Here are how the localities of HR stack up:

James City County (includes Williamsburg city): $42,923
York County (includes Poquoson): $41,656
Virginia Beach: $40,396
Chesapeake: $35,305
Isle of Wight County: $33,543
Norfolk: $31,549
Suffolk: $31,399
Hampton: $31,057
Newport News: $28,990
Portsmouth: $28,866

Here are Richmond's localities:
Goochland County: $52,891
Henrico County: $42,459
Richmond City: $39,860
Chesterfield County: $39,834
Hanover County: $38,708
Powhatan County: $34,462
New Kent County: $31,886
Dinwiddie County (includes Petersburg): $30,652
Prince George County: $29,007

Northern Virginia:
Alexandria City: $65,141
Fairfax County (includes Fairfax City and Falls Church city): $64,698
Arlington County: $63,827
Fauquier County: $48,939
Loudoun County: $44,617
Prince William County: $38,728
Stafford County: $35,544
Spotsylvania County: $35,231

Note Loudoun County's position and difference with Fairfax County, which has the highest median household income in the country at $107,200 and Fairfax County at $104,984. Also note Prince William County's position, which has a median household income of $86,294. Also remember this is before HR's income increased for 2008 and before the national stats went down. Compare that to VB's PCI, and I'd say HR's wealthier localities aren't doing too shabby, but the poorer ones are worse off. Surprisingly, there seems to be a noticeable gap between the more well-off localities and the poorer ones in HR (HR is always noted for having data skewed because of its large middle class and small upper and lower classes in comparison to other cities that have a lot of wealthy and poor people).

[adctvmonkey]

The source is good old fedstats.gov.