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Old 05-21-2013, 11:21 AM
 
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This is an interesting article. I wonder how this translates to the parts of the states (both MD and VA) closest to DC.

At $105,000-plus, Maryland households the nation's top earners - Washington Business Journal

Quote:

The Department of Health and Human Services this week released its annual
list of the estimated state median income for four-person families, and
Maryland, for the first time, comes out on top with $105,348.
Here is a link to the actual report.

https://www.federalregister.gov/arti...-year-ffy-2014
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Old 05-21-2013, 04:59 PM
 
Location: It's in the name!
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If NoVA was it's own state, I'm sure they'd give us a run for our money.
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Old 05-22-2013, 08:04 AM
 
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I'm a little suspect here. Maryland has 3 major counties + Baltimore City that account for about 50% of it's population.

Montgomery - median income = $95k
Prince George's - median income = $73k
Baltimore County - median income = $65k
Baltimore City - median income = $40k

Howard, which has the state's highest median at $105k, only has a population of 300k. How are they getting this $105k median income number? The article states "for 4-person families", so are they discounting all households with less than or greater than 4 people? If so, that's not really representative of reality.

All my numbers come from State and County QuickFacts.
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Old 05-22-2013, 08:21 AM
 
Location: It's in the name!
6,699 posts, read 8,122,484 times
Reputation: 3401
Quote:
Originally Posted by reiflame View Post
I'm a little suspect here. Maryland has 3 major counties + Baltimore City that account for about 50% of it's population.

Montgomery - median income = $95k
Prince George's - median income = $73k
Baltimore County - median income = $65k
Baltimore City - median income = $40k

Howard, which has the state's highest median at $105k, only has a population of 300k. How are they getting this $105k median income number? The article states "for 4-person families", so are they discounting all households with less than or greater than 4 people? If so, that's not really representative of reality.

All my numbers come from State and County QuickFacts.
It all depends on how one interprets the numbers. We've had arguments about income in other threads. Federal Register's numbers aren't necessarily wrong if they are looking at different variables for different reasons. The web site you posted may include or exclude some factors as well. I think when we look at numbers from certain sources, we need to understand how they arrived at them and the purpose for their use. I don't expect every source to present the exact same number when they are using different methods. It will never happen. The point of the article I believe is to say that overall, MD continues to rank at the top in terms of income. Even if how they arrived at those numbers may be different than another source which should be communicating the same thing, but with different numbers.
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