Sure, you know there is plenty of money and power in our nation’s capital. Washington, DC is home to politicians and lawmakers. Thousands upon thousands of politicians, contractors and lobbyists move in and out of Washington, DC every year. But did you know that almost 9% of the district’s population is comprised of millionaires?
Many of the area’s millionaires move into neighborhoods like Capitol Hill and Georgetown. It is commonplace to see well-dressed individuals snacking on gourmet cupcakes and chatting on their iPhones and BlackBerry smartphones. Other neighborhoods outside of Washington, DC that many millionaires call home include Arlington, Virginia and Bethesda, Maryland.
It is in these areas that the per capita income is practically double the national average. No wonder all the rich folk want to move to the Washington, DC area. Just to give you an idea of what we’re talking about, let us share some statistics with you:
- There are about 180,000 millionaire households in Washington, DC.
- The population of Washington, DC is almost 6 million.
- There are almost 26,000 households that have $5 million or more in investable assets.
- The median income of Washington, DC is just over $84,000.
While you don’t have to be a millionaire to move to Washington, DC, it doesn’t hurt! These statistics alone give us a real idea of the extent of money and power that resides in our nation’s capital.
Lance Grooms
