In the last post I explained why I think Montgomery County is in pretty good shape (at least for the moment) on the economic measures that matter most – jobs and wages. But serious challenges to our ability to maintain and improve our quality of life are already apparent and I’m concerned about our future competitiveness.
Jobs and income: the bad news
In real, inflation-adjusted terms, median incomes in Montgomery County have not recovered to the levels reached before the recession that began in 2008. For that matter, real median incomes are down or flat in every DC-area jurisdiction except for the District and Loudon County. This chart shows the weakness of the recovery in incomes: