Median Family Household Incomes by School

[Anonymous]

People are living outside of their means.

[Anonymous]

Anonymous wrote:

Anonymous wrote:This looks pretty accurate to me. The median doesn't imply an even distribution, it is the halfway point. For Whitman you could have the majority of the bottom half in a narrow band between 200 and 250 for example.

Also people with kids in school likely bought their houses in the last 15 years or so, when prices were higher. Those incomes may skew higher than the median.

If they bought their home 15 years ago and their incomes were less, they either stretched or had help or were lucky and did well on a previous house sale. Even 15 years ago those houses were 600K+.

That is my point. People with school age children (not the entire population of the school zone, which is what the data shows) likely have a higher median income.

[Anonymous]

Anonymous wrote:

Anonymous wrote:The QOHS data is interesting. It doesn’t really show the Lakelands/Kentlands families. We are a Lakelands family with an HHI of $600K. We send our kid to private school. It’s not uncommon to see bumper stickers from private schools in the neighborhood.

So, why do you keep posting in MCPS?

1. I haven’t posted in the MCPS forum in years.

2. I pay property taxes that fund this system, so I have a stake in it.

[Anonymous]

Anonymous wrote:People are living outside of their means.

This is what it comes down to as probably about 1/2 can afford their lifestyle. Look at the college board here that people have high incomes and are expecting aid.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This looks pretty accurate to me. The median doesn't imply an even distribution, it is the halfway point. For Whitman you could have the majority of the bottom half in a narrow band between 200 and 250 for example.

Also people with kids in school likely bought their houses in the last 15 years or so, when prices were higher. Those incomes may skew higher than the median.

If they bought their home 15 years ago and their incomes were less, they either stretched or had help or were lucky and did well on a previous house sale. Even 15 years ago those houses were 600K+.

That is my point. People with school age children (not the entire population of the school zone, which is what the data shows) likely have a higher median income.

They also have higher expenses as well so you need to consider things like sports, activities, health care, special needs, etc. as well and saving for college and retirement. A $600-1.2 million dollar house mortgage when you factor in interest rates, taxes, insurance, maintance (even if you mostly DIY) and utilities is still very high.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The QOHS data is interesting. It doesn’t really show the Lakelands/Kentlands families. We are a Lakelands family with an HHI of $600K. We send our kid to private school. It’s not uncommon to see bumper stickers from private schools in the neighborhood.

That's an extraordinary income level even in that area.

This is calculating a median, not a mean, so it doesn't really matter how much higher than the median an income is, just that it is higher.

Not really, you have two working parents who make 200/400 or 300/300 or 500/100. Those are not abnormal for doctors/law/tech/finance/business owners, etc.

Most people aren't doctors/law/tech/finance/business owners. Even in the Kentlands. It is a very, very high income.

[Anonymous]

Anonymous wrote:We make about $450k and will go to Northwood- we could def not afford to move into any of the areas with schools near the top! How can anyone going to Whitman afford to live there? You need $1mill plus to buy a house there? Family money?

That’s not the only place in the county with houses at that prices. Plenty of areas in the county is from $600k- $1mil plus.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The QOHS data is interesting. It doesn’t really show the Lakelands/Kentlands families. We are a Lakelands family with an HHI of $600K. We send our kid to private school. It’s not uncommon to see bumper stickers from private schools in the neighborhood.

That's an extraordinary income level even in that area.

This is calculating a median, not a mean, so it doesn't really matter how much higher than the median an income is, just that it is higher.

Not really, you have two working parents who make 200/400 or 300/300 or 500/100. Those are not abnormal for doctors/law/tech/finance/business owners, etc.

Most people aren't doctors/law/tech/finance/business owners. Even in the Kentlands. It is a very, very high income.

Yes. The average HHI in the Kentlands is $200-300K, according to Kimco:

https://www.kimcorealty.com/properties/kentlands-market-square/117620/view

[Anonymous]

Anecdotally, the list seems like it could be accurate. Interesting to see that all areas of the county have some pretty wealthy households, whether or not their kids go to the public school.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The QOHS data is interesting. It doesn’t really show the Lakelands/Kentlands families. We are a Lakelands family with an HHI of $600K. We send our kid to private school. It’s not uncommon to see bumper stickers from private schools in the neighborhood.

That's an extraordinary income level even in that area.

This is calculating a median, not a mean, so it doesn't really matter how much higher than the median an income is, just that it is higher.

Not really, you have two working parents who make 200/400 or 300/300 or 500/100. Those are not abnormal for doctors/law/tech/finance/business owners, etc.

Most people aren't doctors/law/tech/finance/business owners. Even in the Kentlands. It is a very, very high income.

Yes. The average HHI in the Kentlands is $200-300K, according to Kimco:

https://www.kimcorealty.com/properties/kentlands-market-square/117620/view

I'm always amazed by how out-of-touch Dcum posters are. Even when the data is right in front of them.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The QOHS data is interesting. It doesn’t really show the Lakelands/Kentlands families. We are a Lakelands family with an HHI of $600K. We send our kid to private school. It’s not uncommon to see bumper stickers from private schools in the neighborhood.

That's an extraordinary income level even in that area.

This is calculating a median, not a mean, so it doesn't really matter how much higher than the median an income is, just that it is higher.

Not really, you have two working parents who make 200/400 or 300/300 or 500/100. Those are not abnormal for doctors/law/tech/finance/business owners, etc.

Most people aren't doctors/law/tech/finance/business owners. Even in the Kentlands. It is a very, very high income.

Yes. The average HHI in the Kentlands is $200-300K, according to Kimco:

https://www.kimcorealty.com/properties/kentlands-market-square/117620/view

I'm always amazed by how out-of-touch Dcum posters are. Even when the data is right in front of them.

It would be very hard without help on that income to live in a 1-2 million dollar home.

[Anonymous]

Anonymous wrote:We make about $450k and will go to Northwood- we could def not afford to move into any of the areas with schools near the top! How can anyone going to Whitman afford to live there? You need $1mill plus to buy a house there? Family money?

Please. There are far cheaper condos, townhouses and even small houses available in Whitman for far less than that.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The QOHS data is interesting. It doesn’t really show the Lakelands/Kentlands families. We are a Lakelands family with an HHI of $600K. We send our kid to private school. It’s not uncommon to see bumper stickers from private schools in the neighborhood.

That's an extraordinary income level even in that area.

This is calculating a median, not a mean, so it doesn't really matter how much higher than the median an income is, just that it is higher.

Not really, you have two working parents who make 200/400 or 300/300 or 500/100. Those are not abnormal for doctors/law/tech/finance/business owners, etc.

Most people aren't doctors/law/tech/finance/business owners. Even in the Kentlands. It is a very, very high income.

Yes. The average HHI in the Kentlands is $200-300K, according to Kimco:

https://www.kimcorealty.com/properties/kentlands-market-square/117620/view

I'm always amazed by how out-of-touch Dcum posters are. Even when the data is right in front of them.

It would be very hard without help on that income to live in a 1-2 million dollar home.

Many people bought their houses before they were worth $1 million? SFH prices in this area have outpaced inflation and wage growth.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The QOHS data is interesting. It doesn’t really show the Lakelands/Kentlands families. We are a Lakelands family with an HHI of $600K. We send our kid to private school. It’s not uncommon to see bumper stickers from private schools in the neighborhood.

That's an extraordinary income level even in that area.

This is calculating a median, not a mean, so it doesn't really matter how much higher than the median an income is, just that it is higher.

Not really, you have two working parents who make 200/400 or 300/300 or 500/100. Those are not abnormal for doctors/law/tech/finance/business owners, etc.

Most people aren't doctors/law/tech/finance/business owners. Even in the Kentlands. It is a very, very high income.

Yes. The average HHI in the Kentlands is $200-300K, according to Kimco:

https://www.kimcorealty.com/properties/kentlands-market-square/117620/view

I'm always amazed by how out-of-touch Dcum posters are. Even when the data is right in front of them.

It would be very hard without help on that income to live in a 1-2 million dollar home.

Many people bought their houses before they were worth $1 million? SFH prices in this area have outpaced inflation and wage growth.

Some…not many and some borrowed against it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:We make about $450k and will go to Northwood- we could def not afford to move into any of the areas with schools near the top! How can anyone going to Whitman afford to live there? You need $1mill plus to buy a house there? Family money?

Please. There are far cheaper condos, townhouses and even small houses available in Whitman for far less than that.

Very few and condos and townhomes come with hoa fees.