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Forum Post: Out of Touch: The wealthiest MSA is.......Washington DC, ahead of Silicon Valley (San Jose)

Posted 3 years ago on Oct. 19, 2011, 7:26 p.m. EST by greentara (78)
This content is user submitted and not an official statement

The average income in DC totaled $85k. Total compensation for federal workers including all benefits averaged $126k according to the commerce department. Unemployment in DC averaged 6.1% vs 9.1% for the nation. Furthermore, the Center for Responsive Politics states that $3.51b was spent on lobbying last year with DC home to most of the 13k registered lobbyists. My math says thats $271k/lobbyest. WASHINGTON DC IS OUT OF TOUCH WITH 99% of the COUNTRY!!

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[-] 1 points by greentara (78) 3 years ago

and i guess our boy obama will be worth $100mm to $500mm in 5 years after he is out of office (now or in 2016)

[-] 1 points by greentara (78) 3 years ago

any one for drain the swamp?

[-] 1 points by greentara (78) 3 years ago

and nobody seems to read/comment...this board seems like stream of chatter

[-] 1 points by greentara (78) 3 years ago

Total compensation for federal workers, including health care and other benefits, last year averaged $126,369, compared with $122,697 in 2009, according to Bloomberg News calculations of Commerce Department data. There were 170,467 federal employees in the District of Columbia as of June. The Washington area includes the District of Columbia, parts of Northern Virginia, eastern Maryland and eastern West Virginia.

Lobbyists play a prominent role in the Washington economy. In 2010 there were 12,964 registered lobbyists, with most working in or around the nation’s capital, according to figures compiled by the Center for Responsive Politics, a Washington- based research group that tracks political spending. Spending on lobbying efforts reached a record $3.51 billion last year, up from $3.49 billion in 2009.

[-] 1 points by greentara (78) 3 years ago

Here is the full article Oct. 19 (Bloomberg) -- Federal employees whose compensation averages more than $126,000 and the nation’s greatest concentration of lawyers helped Washington edge out San Jose as the wealthiest U.S. metropolitan area, government data show.

The U.S. capital has swapped top spots with Silicon Valley, according to recent Census Bureau figures, with the typical household in the Washington metro area earning $84,523 last year. The national median income for 2010 was $50,046.