What income will it take to be rich in Maryland?

Carol Morello's article in the METRO section of today's issue of The Washington Post provides the answer.

A Maryland household needs to have an annual income in excess of $477,000 to rank in the top 1% as compared with the median household of $70,000.

If you live in Washington, DC, you need a household income of $617,000 to rank in the top 1% as compared with the median household income of $60,000. 

You do not have to make quite as much in Virginia where it takes a household income $427,000 to be in the top 1% as compared to the median of $61,000.

The D.C region has weathered the downturn better than most, according to the article that you may wish to read.

D.C. area's rich are rich indeed

Those of us that are marketing our services to the households in the higher income brackets can focus on the top of 1% income earners for the largest purchases.

Enjoy the mild Maryland weather this week.  Last year we had deep snow on the ground. Be sure to have your camera in hand to capture those special moments as you are out and about in your community and your travels.  

Orchids in the Conservatory at Lewis Ginter Botanical Garden IMG_3304

Photograph by Roy Kelley

Roy and Dolores Kelley Photographs

We represent home buyers and sellers as their exclusive agents in the Maryland suburbs of Washington DC. 

Roy Kelley
Roy Kelley & Associates
Associate Broker, RE/MAX Realty Group 

Client Assistance:  301-670-8996   

Recipient of the RE/MAX International Lifetime Achievement Award - 2008

 
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7 Comments on What income will it take to be rich in Maryland?

FEB
02
2012
306,123 Points 6 Featured Posts

Intersting income stats Roy.  Thanks for that information!  Have a great rest of the day!
1:30pm • #1
688,225 Points 22 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Great stats Roy, best wishes for getting into the top 1% in Maryland in 2012.
2:16pm • #2
1,444,042 Points 26 Featured Posts Outside Blog Called Shot Master

Thanks for your comments. Only a few Maryland real estate agents will be in the 1% group in 2012. Several of them should be with our company, RE/MAX Realty Group.
2:57pm • #3
280,767 Points Outside Blog Attended Rain Camp Called Shot Master

Roy, I will be moving to your office to get into the 1%. Great photo! Have a great day and hope your in that 1%.
3:06pm • #4
1,444,042 Points 26 Featured Posts Outside Blog Called Shot Master

Come on over, Keith.  However, we don't have much waterfront in Montgomery County.

I hope you are enjoying the mild weather. I just returned from a long walk through Kentlands and Lakelands on this beautiful afternoon.

Be sure to have your camera in hand to capture those special moments as you are out and about in your community and your travels. 
4:01pm • #5
FEB
03
2012
1,913,058 Points 386 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Hey!  DC isn't all lawmakers!  Most of them live in Virginia.  We get the lawyers and lobbyists.
10:14pm • #6
FEB
04
2012
1,444,042 Points 26 Featured Posts Outside Blog Called Shot Master

Good Saturday morning, Pat.  You certainly have a strong base of high income prospects for real estate in the District.  
7:39am • #7

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Roy Kelley, Montgomery County, MD Homes For Sale

Gaithersburg, MD

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Address: Roy Kelley, RE/MAX Realty Group, 6 Montgomery Village Avenue, Suite 200, Gaithersburg, MD, 20879

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Roy Kelley advises home buyers, sellers and REO asset managers, in the Maryland suburbs of Washington DC and nearby counties. REO and foreclosures sales. Market area includes Montgomery County, Frederick County, Washington County and Prince George's County. Real Estate blogs


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