How much/yr is middle class in NOVA?

[Anonymous]

Anonymous wrote:

Anonymous wrote:If you google it - it seems like above $250k is technically not middle class in this area.

That's because the area is huge. You cannot buy a house in a nice(ish) area with good schools on $250k anymore unless you have a huge downpayment.

Yep, housing prices have gone up so much that $250k is barely middle class here now. It's only middle class if you bought your house 10-15 years ago.

[Anonymous]

depends on the zip code, some zip codes have houses that exceed 1m average and have median incomes

The 22101 ZIP code, encompassing parts of McLean, Virginia, is characterized by high median household incomes and substantial home values.

Median Household Income:

According to the U.S. Census Bureau, the median household income in 22101 exceeds $250,000.
CENSUS REPORTER
Average Home Prices:

In September 2024, the median home listing price in 22101 was approximately $2.95 million.
THE WALL STREET JOURNAL

Data from Zillow indicates that as of September 30, 2024, the average home value in 22101 was $1,542,226, reflecting a 6.5% increase over the past year.
ZILLOW

Redfin reports that in the previous month, the median sale price of homes in 22101 was $2.1 million, marking a 40.5% rise compared to the same period last year.
REDFIN

These figures highlight the affluent nature of the 22101 area, with both household incomes and property values significantly surpassing national averages.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Including Fairfax, Loudoun, Arlington, Alexandria, cities in between these, etc.

Median household income for a family of 4 is around $150,000 - $170,000

And 1/4 of kids are FARMS.

[Anonymous]

I’d put it at like 80k. The geography includes Herndon, Ashburn, Springfield, Annandale, the dodgy parts of Alexandria, Pimmit etc. The people talking about 300k think something like “police officer + teacher” is working class, not middle class.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Including Fairfax, Loudoun, Arlington, Alexandria, cities in between these, etc.

Median household income for a family of 4 is around $150,000 - $170,000

And 1/4 of kids are FARMS.

What does FARMS mean

[Anonymous]

Anonymous wrote:I’d put it at like 80k. The geography includes Herndon, Ashburn, Springfield, Annandale, the dodgy parts of Alexandria, Pimmit etc. The people talking about 300k think something like “police officer + teacher” is working class, not middle class.

What dictates working vs middle...income or job type?

[Anonymous]

Really depends but I'd say the range is anywhere between $120K for single and childless in Sterling to $400 for two kids heading to college in Vienna (this family could not live in a new-build McMansion or afford two kids full pay at an ivy).

Also quality of life depends on age and life-stage. Two 45 yos are not equal if one has two teens and bought their first property in Arlington in 2006, and the other bought their first house in Arlington in 2023 and has a toddler.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Including Fairfax, Loudoun, Arlington, Alexandria, cities in between these, etc.

Median household income for a family of 4 is around $150,000 - $170,000

And 1/4 of kids are FARMS.

What does FARMS mean

They qualify for Free or Reduced Meals at school

[Anonymous]

Median HHI is under $100K in Silver Spring, $150K in Leesburg and over $200K in Vienna. Almost no one in McLean is middle class. You choose to live near work or in a top school system. That doesn’t mean you’re poor when you’re stretched as a result of that. Middle class families have long commutes in this area and rent. No commute and homeownership are signs you’re UMC now.

My guess is $100 - $200K.

[Anonymous]

$150k

[Anonymous]

For a family of 4? $150k. Middle class families build budgets with tradeoffs.

We make $300k and feel extremely well off in Burke. We can afford everything we need and most of what we want.

[Anonymous]

$500k

Biden inflation hurts.

[Anonymous]

500k hhi is middle class in nova

[Anonymous]

$150,000-$299,000.

[Anonymous]

Depends on when you purchased your house. Ten years ago? 150k was probably enough to have a middle class lifestyle. Now, purchasing a middle class house built pre 1990, you would probably need 250k+