Midland officially the richest MSA now.

[CptnRn]

Originally Posted by Midessan

Midland officially the richest MSA now.

Midland has passed Fairfield county and now has the highest per capita income in the U.S.

Report: City of Midland Named Country's Richest Metropolitan Are - KWES NewsWest 9 / Midland, Odessa, Big Spring, TX: newswest9.com |

Having the highest per capita income does not equate to being the richest MSA.

Per capita income is based on income earned and reported. Not all income has to be reported and there are probably many areas where the accumulated wealth of the people who live there exceeds that of the Midland MSA.

[Cyborgt800]

Having the highest per capita income does not equate to being the richest MSA.

Per capita income is based on income earned and reported. Not all income has to be reported and there are probably many areas where the accumulated wealth of the people who live there exceeds that of the Midland MSA.

Your point?

Your logic therefore could mean that Midland quite possibly was higher years ago due to unreported income...

or that it's actually much higher...so again, what's your point?

[CptnRn]

Having the highest per capita income does not equate to being the richest MSA.

Per capita income is based on income earned and reported. Not all income has to be reported and there are probably many areas where the accumulated wealth of the people who live there exceeds that of the Midland MSA.

Originally Posted by Cyborgt800

Your point?

Your logic therefore could mean that Midland quite possibly was higher years ago due to unreported income...

or that it's actually much higher...so again, what's your point?

If that was too hard for you to grasp, why should I waste time explaining it? Try reading it again, this time for comprehension.

Being a Cyborg, you probably need a software upgrade.

[Cyborgt800]

Yeah, I think you just lost that one!

I got your point, but you fail to grasp that your point could be applied anywhere INCLUDING Midland!

Besides, your point is unable to be quantified(look it up!)...so it really doesn't matter.

Fact is the figures that can be quantified were and Midland came out on top!
Does that mad you sad?

[CptnRn]

MIDLAND:

http://www.newswest9.com/story/24077580/report-city-of-midland-named-countrys-richest-metropolitan-area

The per capita income for Midland is $83,049 while Fairfield County's income was a little more than $81,000.

Midlands $83,049 is pathetic when compared to these:

America's Most Affluent Neighborhoods - Forbes
For the second consecutive year, Chevy Chase Section Five in Maryland, rates as America’s most affluent neighborhood. An upscale enclave of less than 700 people just outside the District, it boasts a median household income of nearly $250,000.

Section Five isn’t the only Chevy Chase village to make the list. Its neighbor, Chevy Chase Town in Montgomery County, Md., comes in at No. 7 with a median income of $231,000.

In addition these neighborhoods are far more wealthy because median family income is only one measure of wealth. Many of these people are so wealthy they do not have to work for a living, they live off of income earned from their extensive wealth, including many tax sheltered income sources such as municipal and treasury bonds, where the income does not have to be reported on income tax statements. So that portion of their wealth doesn't show up in the reports on median family income per MSA.

Take a look at these maps showing Median Family Income for Chevy Chase, Maryland area versus Midland, TX.





Which one do you think is actually the richest, wealthiest, more affluent area?

[Midessan]

You should start a thread about the wealthiest neighborhood.

[CptnRn]

Originally Posted by Midessan

You should start a thread about the wealthiest neighborhood.

I would much rather talk about the inequities in the recent wealth that "Midessians" have recently experienced. Before you crow about the few families that have benefited from the sudden surge in wealth, perhaps you should consider the far more numerous families that are still living in poverty.

According to: //www.city-data.com/city/Midland-Texas.html

Midland had a population of 119,385 people in 2012, I'm sure it is a little higher now. But the total population of the neighborhoods with a median income of more then $189,000 includes only 3,202 people.

3,202 people in a community of over 119,385 people. That is less than 2.6% who shared in that kind of wealth.

In 2011 13.4% of this community lived in poverty. Well over 5 times the number of people who experienced this unusual wealth.

So why are you crowing about the 2.6% who have unusual wealth, bust not talking about the 13.4% who live in poverty?

2.6 people won the lottery, while 13.4 people are subjected to degrading poverty.

[Midessan]

Originally Posted by CptnRn

I would much rather talk about the inequities in the recent wealth that "Midessians" have recently experienced. Before you crow about the few families that have benefited from the sudden surge in wealth, perhaps you should consider the far more numerous families that are still living in poverty.

According to: //www.city-data.com/city/Midland-Texas.html

Midland had a population of 119,385 people in 2012, I'm sure it is a little higher now. But the total population of the neighborhoods with a median income of more then $189,000 includes only 3,202 people.

3,202 people in a community of over 119,385 people. That is less than 2.6% who shared in that kind of wealth.

In 2011 13.4% of this community lived in poverty. Well over 5 times the number of people who experienced this unusual wealth.

So why are you crowing about the 2.6% who have unusual wealth, bust not talking about the 13.4% who live in poverty?

2.6 people won the lottery, while 13.4 people are subjected to degrading poverty.

Ok. I think it is note worthy that Midland now has the highest per capita income of any metro area in the country. I am not terribly interested in class warfare or the politics of envy.

[Cyborgt800]

Maybe we could break it down by blocks?

Are you really that desperate to take this achievement away from Midland?