Charlottesville, a Millionaire Capital

Forbes ranks Charlottsville as #14 on their list of “America’s Millionaire Capitals” based on calculating the average net worth of people reporting at least $200k in annual income. We’re right behind Beverly Hills.

9 Responses to “Charlottesville, a Millionaire Capital”


  • And we’re 3rd on their “Generous Towns” list.

    I do think this fits in nicely with the “income disparity” post from earlier.

  • And we’re 3rd on their “Generous Towns” list.
    I do think this fits in nicely with the “income disparity” post from earlier.

    …because only one stat can be valid… or because that can’t be… or because of what?

  • Kind of a weird metric, isn’t it? I’m not sure what that is even supposed to calculate.

  • Gee, wonder if this will be an accolade mentioned at the start of city council’s meeting next monday? Well, it is from Forbes and not just any trade publication. Unique stats and slants reflecting the gentrified there. Generous to a 5.2% fault, huh? Is that privileged, or guilty giving or both?

  • Reading the methodology, the city shouldn’t claim credit for this one. Right now the neither zillow’s nor CAAR’s web site has any houses > $5 million listed.

    It was a methodology designed to produce distorted results.

  • Or (adding) question already dubious results.

  • Antoinette W. Roades

    The methodology relied on Zip Codes, not actual municipal boundaries. So, yet again, an observer has failed to take Virginia’s unique system of independent cities into account and has therefore confused the City of Charlottesville with Albemarle County. Albemarle counts abundant millionaires. Charlottesville does not.

  • So the Albemarle millionaires will go to Trader Joe’s and the Charlottesville poor go to Whole Foods? One is in the city and the other in the county but do they have the same zip code ?

  • That’s a good point, Antoinette. I had assumed that they were referring to the Charlottesville area, but I sure didn’t check on that, and I didn’t state that in this blog entry. Thanks for that clarification.

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