Study Shows McLean Residents are a Frugal Bunch

Fresh off a ranking in Bloomberg’s wealthiest places in America list, McLean took the number 10 spot in a rundown of American cities ranked by money management.

The list by WalletHub, a personal finance website based in D.C., compared over 2,500 cities and ranked them based on 10 indicators of money management.

The ranking factors in things like credit card, mortgage, and other debts as compared to incomes.

The median credit score in McLean is particularly high at 761 with an average number of late payments at 0.75.

Vienna also made an appearance on the list at 37th overall. The town’s average credit score is 763, but residents are a little sloppier on the payment deadlines, with an average 1.1 late payments.

Falls Church comes in at number 68 with a credit score of 733 and 2.08 late payments.

Recent Stories

Live Fairfax is a bi-weekly column exploring Fairfax County. This recurring column is sponsored and written by Sharmane Medaris of McEnearney Associates. Questions? Reach Sharmane at 813-504-4479. Sold by Sharmane and Style by Valentine teamed up…

For this year’s Independent Bookstore Day, local bookworms will be encouraged to collect not just new literary titles, but also places to buy them. More than a dozen shops across…

The cost of riding Metro trains and buses will go up, starting July 1, when the transit agency’s new budget takes effect. The Washington Metropolitan Area Transit Authority’s (WMATA) board…

Volunteers recently assembled at Tysons Forest for an Earth Day nature walk and litter cleanup (via Fairfax County Department of Cable and Consumer Services) The continued development of Tysons doesn’t…

×

Subscribe to our mailing list