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Notes: Alexandria ranked as sixth wealthiest Virginia locality

Good Tuesday morning, Alexandria!

🌤️ Today’s weather: Mostly cloudy, then gradually becoming sunny, with a high near 76. Northeast wind around 10 mph. At night: Increasing clouds, with a low around 56. Northeast wind 6 to 8 mph.

🚨 You need to know

A study by investment adviser firm SmartAsset found that Alexandria ranked sixth in an overview of the wealthiest counties (and cities) in Virginia, Alexandria Living Magazine first reported.

The survey looks at investment income, property value and per capita income. According to the website:

To identify the wealthiest counties, we compared all U.S. counties across three metrics: investment income, property value, and per capita income.

We started the analysis by calculating the Investment Index for each county by evenly weighing the Ordinary Dividends, Qualified Dividends, and Net Capital Gains. From there we calculated the Median Home Value, and the Per Capita Income for each county, and ranked them on all three metrics.

Alexandria ranked just below Fairfax City and just above Fauquier County. Alexandria had a lower median income — $105,450 — and lower investment income — $47,518 — but was boosted by its higher median home value — $608,562.

Alexandria’s neighbors nabbed higher spots on the list with Fairfax County coming in at number three and Arlington County at number two. The number one spot was Falls Church.

Wealthiest counties in Virginia (image via SmartAsset)

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The following are the most-read ALXnow articles for May 26, 2023.

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  4. Sen. Tim Kaine visits Campagna Early Learning Center in Alexandria, talks debt ceiling fight (336 views)

📅 Upcoming events

Here is what’s going on today in Alexandria, from our event calendar.

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If you had a chance to enhance a child’s future with a time commitment of less than 2 hours a week, how would you respond? You have that opportunity right now to join over 200 Alexandrians as a reading tutor volunteer with the Alexandria Tutoring Consortium (ATC).

ATC tutors work with one child in kindergarten, first, or second grade in Alexandria public schools who need extra help with reading. Tutors meet with their Book Buddy 1-2 times each week for 30 minutes October-May at school, during school hours. Many struggling readers only receive one-on-one instruction through this program, and it makes all the difference. Last year, ATC served 195 children, of whom 82% ended the year reading on grade level and 96% made substantial reading gains. But the need is great, and we are still seeing learning lags from the pandemic.

This year, ATC plans to significantly increase the size of the program to reach over 250 students and to serve every elementary school in Alexandria. This is very exciting news, but we will only succeed if we can recruit more tutors. ATC trains you, matches you with a child, and provides ongoing lesson materials and support.

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Submit your own Community Post here.

If you have been thinking about buying your first home or haven’t owned one in the last three years, THIS IS FOR YOU!

In the DMV area, it can be difficult to save the downpayment necessary for you to get into your own home. We have a solution. The Funder’s Summit!

We have assembled a summit with different municipalities to tell you how to access their funds for your home purchase.

Read More

Submit your own Community Post here.

Family Fun Fall Fest

Mark your calendars and join us for the Family Fun Fall Fest on Saturday, October 7, 2023, from 11am – 2pm!

This FREE in-person event will be held at the Shoppes at Foxchase, located at 4641 Duke St, Alexandria, VA

2023 Alexandria Fall Festival

Food trucks, bounce houses, pony rides, magic shows and more at the 2023 Alexandria Fall Festival, an Alexandria Living event presented by The Patterson Group. Join us at River Farm on Sunday, Nov. 5 from 11 a.m. – 4 p.m.


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