Arlington Ranked Among Wealthiest In Virginia Based On 3 Factors

ARLINGTON, VA — Arlington residents overall can be considered among the wealthiest among Virginia's localities, according to a new study from SmartAsset.

SmartAsset, a financial advice resource, based its ranking of residents' wealth by locality on three factors: investment income per capita, median home value and per capita income. For the investment income factor, the study evenly weighed ordinary Dividends, qualified dividends and net capital gains in the score. Data comes from the IRS, National Association of Realtors, and Bureau of Economic Analysis.

"We calculated a Wealth Index for all U.S. counties based on a combination of these three metrics and ranked them accordingly to provide a holistic view of what areas of the U.S. are accumulating the most wealth," SmartAsset's study page states.

Arlington came in second in Virginia, behind only the City of Falls Church, with a wealth index of 42.54 based on the three factors: investment income, property value, and per capita income.

In the property value category, the median home value in Arlington was $899,985, second only to Falls Church at $935,913.

Arlington's residents had a per capita income of $100,823, sixth in the state behind Falls Church, Fairfax County, Fairfax City, Prince William County and Goochland County.

Arlington ranked 16th nationally according to the study.

The top 10 wealthiest localities in Virginia as ranked by SmartAsset are:

• Falls Church City
• Arlington County
• Fairfax County
• Fairfax City
• Goochland County
• Alexandria City
• Loudoun County
• Prince William County
• Albemarle County
• Fauquier County

See how Virginia localities rank on wealth here.