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April 3, 2015

Where do the wealthiest Virginians live?

NEW YORK (CNNMoney) — The fattest paychecks in Virginia are made by people who live in Falls Church, and Goochland wasn’t too far behind. That’s according to an analysis of preliminary 2013 IRS tax return data by the Transactional Records Access Clearinghouse (TRAC). Tax filers living in Falls Church reported $92, 936 on average in wage and salary income last year. Goochland came in fourth places, with a reported $76,167 average salary. The slimmest paychecks in the Richmond-metro/Tri-cities area are earned in Petersburg, reported at $25,436. If you take a look nationally, New York, N.Y. is a helluva town — for paychecks. Tax filers living in New York County — a.k.a. Manhattan — reported $96,941 on average in wage and salary income last year, the highest among counties in the United States. At the other end of the spectrum is Catron County, N.M., which had the lowest reported wage and salary income ($16,280) of all counties in the country. The icing on the cake for Teton County residents is that they got to keep much more of that income than they would in many other places, since the state of Wyoming doesn’t tax income, whether derived from a paycheck or investments. By contrast, the county with the lowest reported average AGI in the country was Gooding County, Idaho ($15,379). Among states overall, Connecticut secured the top spot in terms of AGI ($91,417) while Mississippi came in last ($44,972). Wages and salaries, in order, per TRAC.

Transactional Records Access Clearinghouse, Syracuse University
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