Douglas County Ranks In Top 10 Highest Median Incomes
DOUGLAS COUNTY, Colo. (CBS4)- Douglas County ranks in the top 10 of highest median incomes among counties in the U.S. falling just below the $100,000 line.
"In a way it is just a survey which tells you where the so-called rich people live," said Metro State University of Denver economics professor Dr. Kilshore Kulkarni.
The median household income in Douglas County is $99,767, close to double the national median household income of $52,300.
"One of our counties should be in the top 10 and I'm not surprised we are," said Kulkarni.
According to Sentier Research, Douglas County, located south of Denver, ranks sixth on a list of the highest median income counties in the nation. Rounding out the top 10 are those near Washington, DC and New York.
The biggest reason Douglas County stands out is jobs.
"Douglas County has very good companies that pay well," said Kulkarni.
Boeing, Dish Network, Western Union and Charles Schwab are just a few of the companies that call Douglas County home. The county also has the fourth highest rate of job growth nationwide.
"We are leading the national growth in many ways. Colorado is a very good state to live in," said Kulkarni.
While those high-paying jobs are an attractive force there are plenty more attributes that bring people to the suburb.
"Good housing, excellent schools, good entertainment programs, a new hospital," said Kulkarni.
Another factor may be Douglas County's highly educated residents. Nearly 55 percent have a Bachelor's Degree or higher.
