Thursday, September 15, 2011
Fort Thomas... Not That Wealthy
The Biz Journals publication, publisher of the Cincinnati Business Courier published a listing of communities around the country they considered to be the wealthiest. The ranking is based on a percentage of households earning over $150,000 annually.
According to this ranking Fort Thomas was the 1,774th wealthiest community in the US and the fifth wealthiest in NKY behind Union, Lakeside Park, Villa Hills, and Edgewood. According to this study 15.21% of households earn above this threshold and 34.75% earn above this amount when you factor in interest, dividends, or rental income.
I am sure there are other ways you could measure this and I am not sure it means anything other than just an interesting statistic. Nevertheless this feeds into the issues with school funding that we have chronicled in the past and will continue to be an issue as long as the school funding formulas in the state of Kentucky remain unchanged.