I'm sorry, but you are factually wrong. The population of the county has increased and is projected to continue increasing. Here is just two sources: https://montgomeryplanning.org/blog-design/2023/07/steady-growth-projected-for-montgomery-county-over-the-next-30-years/ https://usafacts.org/data/topics/people-society/population-and-demographics/our-changing-population/state/maryland/county/montgomery-county/#:~:text=Source%3A-,How%20has%20Montgomery%20County's%20population%20changed%20over%20the%20years%3F,when%20the%20population%20dropped%200.5%25. Now, you may be referring to a few anecdotes of people in your own socioeconomic class that may have moved. If that is the case, you may consider how you define "people." |
On a per capita basis the county is getting poorer and will continue to do so. It seems to be one of the county’s goals. Is that more accurate? |
DP. No. |
No, it is not. Per capita income is going up. https://fred.stlouisfed.org/series/MHIMD24031A052NCEN https://fred.stlouisfed.org/series/PCPI24031 |
In absolute terms? Yes, so has the price of eggs. In absolute terms everything has gone up. In real terms? Not so much. |
Inflation adjusted median household income is declining. So yes the county is getting poorer. In 2008 inflation adjusted HHI was $127,700 and in 2022 it was $118,020. |
Not sure where you are getting those numbers. From this source, the inflation adjusted median income in MoCo has consistently gone up since 2017 and was at $126,840 in 2022. https://www.neilsberg.com/insights/montgomery-county-md-median-household-income/ https://www.neilsberg.com/insights/topic/montgomery-county-md-income/ In contrast, the median household income in the United States fell from &76,330 in 2021 to $74,580 in 2022 , a 2.3 percent decline. |
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And Fairfax is blowing away Montgomery County. https://www.neilsberg.com/insights/fairfax-county-va-median-household-income/ |
The median household income in Fairfax went up $2,578 in the ten years of your link. And it DECREASED in 2021. In contrast, the median household income in MoCo went up $854 in those same ten years, with an INCREASE in 2021. Not sure how you define "blowing away." |
Fairfax and Montgomery were comparable decades ago, wih roughly equivalent income levels. No longer. |
It was 3x better than Moco.. |
So an extra $100 a month? Big whoop. Now net worth I can definitely imagine a difference with as home values have definitely appreciated more in Fairfax Co over MoCo. But that can change over time. MoCo prices could go higher as a percentage. |
The reason why home prices have increased more in Fairfax is because Fairfax is attracting more upper income taxpayers. Very simple. More people who can pay. Absent a change in political attitudes, that will not change in MoCo. |
This answer makes the distinction very clear. We could have policy that is geared on making MoCo an enclave for the upper class. Or we could have policy that makes MoCo an affordable and accessible place for a range of classes. Voters have elected officials who support the latter. |