Reply to Making $500k and not feeling wealthy in NW

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Simple: you're not wealthy. 500k in DC is like 150k in flyover. Well off, but hardly wealthy. LOL[/quote]

Sure, except the median household income in the District is [url=http://quickfacts.census.gov/qfd/states/11000.html]a little more than $64,000[/url], and a $500,000 income -- i.e., nearly eight times the median -- plainly makes someone wealthy in comparison.[/quote]

Why don't you compare the median income for each area of the district. Trying to make the median between the least affluent of SE and the most rich in NW doesn't make sense.

Do it by neighborhood.[/quote]

Well, gee, maybe it would be more meaningful to calculate the median income by block, or by house.

The whole point of "median income" is to take into account the fact that there are poor people and rich people in the city -- which, both geographically and population-wise, is hardly so big as to support the claim that it's too sprawling to be one unit for comparison purposes. It's not like Ward 3 and Ward 7 have totally distinct economies that aren't connected to each other at all. People who make $500,000 a year are wealthy, even if they have neighbors who make $5 million. If they don't FEEL wealthy making eight times the median household income in the city where they live, that's maybe a different question, but in that case, the problem is still pretty much entirely in their own heads.[/quote]

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