Some Interesting Statistics October 25

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COUNTY COMPARISONS

Compared with many high-income counties nationwide, Collin County households have a lower median net worth and high credit card and auto loan debt.

2005 median household income

2006 median household net worth

2006 average household auto loan/lease debt

2006 average household credit card debt

Collin, TX

$70,784

$97,750

$20,940

$6,542

Contra Costa, CA

$69,487

N/A

N/A

N/A

Fairfax, VA

$94,610

$240,000

$17,749

$5,162

Fairfield, CT

$71,633

$214,750

$16,419

$7,462

Howard, MD

$91,184

$206,250

$18,148

$4,340

McHenry, IL

$70,908

$150,650

$20,074

$2,738

Montgomery, MD

$82,187

$196,300

$16,266

$3,753

Morris, NJ

$84,010

$232,625

$16,027

$4,863

Nassau, NY

$80,293

$346,375

$16,924

$4,836

Prince William, VA

$81,904

$169,000

$18,894

$6,158

Rockland, NY

$78,649

$198,250

$16,789

$4,283

Santa Clara, CA

$76,810

N/A

N/A

N/A

Somerset, NJ

$88,532

$230,300

$16,721

$4,706

These are some interesting statistics courtesy of the Dallas Morning News. Funny that Collin County used to be one of the top-ten highest median income counties in the country. Not anymore. The debt figures are staggering. The median household income is 70,784, but the media household network is only 97,750. What is everyone planning on retiring on? The average loan or lease is 20,940 is higher than every other county on the list. Dallas suffers from a materialistic attitude. A lot of people subscribe to the philosophy you have to keep up with everyone else. In the Uptown area of Dallas, there are a five or six high-rise condominiums going up. They start out at around a million apiece and go up. It is simply amazing how many people that think they can afford to live in something like that.

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