Recent census information confirmed what quite a few DC region residents have surmised: individuals in this location are extremely educated. Actually, of the urban places inside the United States, the DC metro boasts the highest rate of adults that hold bachelor’s degrees – 47%. Furthermore out of the leading 10 best-educated counties inside the United States, 6 are situated inside commuting distance of Washington, DC. Which is a high concentration of intelligence.
What does that mean when it comes to actual estate value – jobs! And not just any jobs – but those positions and professions that pay in the highest level generally belong to the educated. Employers who need an educated function force can recruit from a bigger talent pool and not need to relocate candidates so as to acquire very good top quality workers.
And people today normally would like to live in places with like-minded folks, therefore perpetuating the phenomena.
The DC region and suburbs give a plethora of museums and cultural venues, tourist attractions, recreational facilities, leading notch public and private educational institutions, public transportation, access to 3 airports, and just a brief drive to either the mountains or the ocean. Companies, non-profits, associations, international enterprises are all attracted to markets that supply a top quality of life for their workers.
Inside the Capital Beltway the majority of the degrees are within the soft sciences, for instance psychology plus the social sciences. It shouldn’t surprise any person that within the District there’s a high concentration of lawyers, lobbyists and political scientists – all of which fall into the category of the soft sciences. When preparing a contract I from time to time facetiously make the comment that inside the beltway we have the largest percentage of lawyers per capita, that is why the Regional Sales Contract has a lot more forms per capita.
The Globe Bank and Bureau of Labor Statistics employ a considerable number of economists – which also falls under the soft science category of education. Arlington and Alexandria County residents have comparable educational profiles as the District, on account of becoming just across the Potomac River from the city.
The greatest concentration of people today with an education inside the difficult sciences falls outside the Beltway. The difficult sciences represent those fields for example mathematics, biology and engineering.
Due to the fact the National Institutes of Well being is situated in Montgomery County in Maryland, numerous biotech firms have been attracted to find close by. Technologies firms and government contractors have considerable concentrations in both Fairfax and Loudoun Counties.
In my genuine estate practice, the majority of my customers and consumers are those that live in McLean and Fantastic Falls both of which lie in Fairfax County, Virginia. In Fairfax County 34% of the residents have tough science degrees, 19% had been small business majors at their respective institution of greater studying and18% soft science degrees. That indicates then that Fairfax County boasts 71% of adult residents with degrees.