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