Community Corner

Richest County In NY Rakes In $105,744 A Year

The richest counties in each state have median household incomes ranging from $58,000 up to $129,000. See the number for New York.

It’s not uncommon to find a dog wearing a sweater in America. But you might look twice if that pooch is wearing Prada. And while we’re not dogging all the stylish Scotties out there, a new report suggests you might find them in Nassau County, which was just named the richest county in New York.

The typical household in the county rakes in about $105,744 a year, according to a report published Wednesday by the financial news and opinion site 24/7 Wall St. That’s about $41,000 more than New York's median household yearly income, the authors found.

Here’s what the authors had to say:

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“Nassau County sits on Long Island, occupying the area just outside of New York City. This proximity to the city means that residents have access to the numerous high-paying jobs that can be found in the most populous city in the country.
“The county’s 44.4 percent bachelor’s degree attainment rate means many are qualified for high-paying positions found in the city. Of Nassau County residents in the labor force, 10.2 percent work in the fields of finance, insurance or real estate. Nationwide, just 6.6 percent of American workers are employed in those fields.”

Across the country, the typical household in the wealthiest counties earned between $58,000 and $130,000 a year, with Loudoun County, Virginia, coming in as the richest county in America. The authors said Loudoun’s proximity to Washington, D.C., and access to “countless jobs” help bolster its strong unemployment rate of just 2.3 percent, well below the national rate of 3.8 percent. Moreover, many of those jobs are high-skilled — and high-paying.

About 60 percent of adults in Loudoun County have earned at least a bachelor’s degree — about twice as many as the country overall — and the typical household earns about $130,000 a year, the highest income of any county by more than $12,000.Other counties in the six-figure income club include Howard County, Maryland ($115,576); Douglas County, Colorado ($111,154); Hunterdon County, New Jersey ($110,969); Los Alamos County, New Mexico ($110,190); Santa Clara County, California ($106,761); Nassau County, New York ($105,744); Williamson County, Tennessee ($103,543); and Delaware County, Ohio ($100,229).

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Meanwhile, Arizona’s Maricopa County earned the lowest amount out of all the wealthiest counties at $58,580. That’s about $5,000 more than what the typical Arizona household earns. Interestingly, Maricopa County is actually the only Arizona county that earns more than the national median of $58,580.

“While it is the wealthiest in the state, the county’s median of $58,580 is only slightly higher than that of the nation,” the authors noted.

Patch national staffer Dan Hampton contributed to this report.

Image via Shutterstock.

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