Did you know that Money magazine last week ranked our hometown of Bethesda No. 1 nationally on its list of Top Earning Towns.
According to Money Magazine, Bethesda is a community of white-collar workers at Walter Reed hospital or the National Institutes of Health – brainiacs who love to eat out and enjoy art and music. And Bethesda gets a knock for not being ethnically diverse.
According to MONEY MAGAZINE, we are:
MEDIAN FAMILY INCOME: $197,622
MEDIAN HOME PRICE: $825,000
MONEY MAGAZINE DESCRIBES US AS:
“Bethesda tops our list of high-earning towns, with an eye-popping median family income of nearly $200,000. Not surprisingly, this Washington, D.C., suburb has great access to jobs, both in the capital and in town. Bethesda is home to the National Institutes of Health and the Walter Reed National Military Medical Center.
The 45,000 people who work in Bethesda’s downtown have their choice of nearly 200 restaurants. The area is also ideal for culture vultures, with displays of outdoor sculpture, galleries, and performance spaces of all types. Be prepared for brainy cocktail party banter: More than half of residents over age 25 hold graduate or professional degrees.
On the downside, the city is relatively homogenous; about 85% of residents are white. Plus, with a median price of $825,000, houses are not cheap, though we suppose the locals can afford it.”