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City Ranked on LendEDU's 'Best Cities for Building Wealth'

Post Date:03/24/2017

LendEDU building wealth icon 2017The City of Fairfax ranked #130 in LendEDU’s study on the Best Cities for Building Wealth.

LendEDU compiled its rankings on the Best Cities for Building Wealth by using a unique scoring system based on four parameters.

 The four parameters, and their assigned weight, are:

  • Median earnings from income: 40 percent
  • Monthly cost of home: 30 percent
  • Median home value: 22.5 percent
  • Property tax rate: 7.5 percent  

Other Northern Virginia localities on the list include Reston (14); McLean (15); Alexandria (25); Ashburn (87); Chantilly (97); and Burke (116). The full report and methodology can be found on LendEDU's website.

Founded in 2014, LendEDU is a marketplace for student loans, student loan refinancing, credit cards, and personal loans, among other financial products.

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