Alexandria Ranked Among Wealthiest In Virginia Based On 3 Factors

ALEXANDRIA, VA — Alexandria residents overall can be considered among the wealthiest among Virginia's localities, according to a new study from SmartAsset.

SmartAsset, a financial advice resource, based its ranking of residents' wealth by locality on three factors: investment income per capita, median home value and per capita income. For the investment income factor, the study evenly weighed ordinary dividends, qualified dividends and net capital gains in the score. Data comes from the IRS, National Association of Realtors, and Bureau of Economic Analysis.

"We calculated a Wealth Index for all U.S. counties based on a combination of these three metrics and ranked them accordingly to provide a holistic view of what areas of the U.S. are accumulating the most wealth," SmartAsset's study page states.

Alexandria was sixth in Virginia with a wealth index of 35.73 based on the three factors. The city's investment income per capita ($14,897) was comparable to Arlington County's $14,586 but below Falls Church's $23,899 and Fairfax County's $17,654. Its median home value of $678,842 is similar to other top 10 localities like Fairfax County ($695,087), Fairfax City ($664,495) and Loudoun County ($659,989) while falling below Falls Church ($935,913) and Arlington County ($899,985). Meanwhile, its per capita income of $93,835 is below most Northern Virginia counterparts.

The top 10 wealthiest localities as ranked by SmartAsset are:

1. Falls Church City
2. Arlington County
3. Fairfax County
4. Fairfax City
5. Goochland County
6. Alexandria City
7. Loudoun County
8. Prince William County
9. Albemarle County
10. Fauquier County

See how Virginia localities rank on wealth here.