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Arlington Has the Most Affluent Millennials in the Country

by ARLnow.com March 18, 2016 at 10:45 am 0

Chart showing the percentage of Millennials in a city making more than $350,000 per year

(Updated at 5:20 p.m.) For every dozen Millennial-led households in Arlington, one is making more than $350,000 per year.

That’s according to the real estate website Zillow, which just compiled a list of places that are home to the most affluent Millennials in the U.S.

“Not everyone in the 22-34 age group is scraping by,” Zillow says. “Whether they made their money lobbying lawmakers at the Capitol or cashed in on a tech IPO, rich millennials are clustered in cities where there are lots of high-paying professional jobs.”

Arlington topped the list, with 8.7 percent of Millennial-led households making more than $350,000. That’s even higher than the percentage of Arlington residents 55+ making more than $350,000, which is 7.9 percent.

(A “household” counts both singles and the combined income of a couple or group of people living in the same house or apartment.)

San Francisco, which has almost double the median home value and rent of Arlington, is second on the list with 7.8 percent of Millennial households making more than $350,000. Another California city, Huntington Beach, in the L.A. area, is third with 5 percent.

See the full top list from Zillow.

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