“5th Richest Town in U.S.”
According to Time magazine, Chappaqua, N.Y. is the 5th Richest Town in the United States!
That’s where the Clintons live. Bill Clinton recently insisted that, despite their wealth, Hillary is NOT out of touch and is a credible advocate on the issue of income equality. Then Bill let us in on a little secret: one of the ways that he and Hillary “stay in touch” is by talking to their neighbors. “We know what’s going on,” he said.
But let’s look and see what the Clintons might learn about income equality from their Chappaqua neighbors. Not much.
That’s because there is no income equality whatsoever in Chappaqua.
Everyone’s rich, white, married, and highly educated. There are very few single mothers. Median household income is $163,201 – three times higher than the national figure of $51,371.
No income inequality issues to talk about there.
But apparently Bill and Hillary haven’t figured out yet that their Chappaqua neighbors might not be the best source for information about what’s going on with the folks who don’t make a minimum of $200,000 a speech.
And that may explain why Bill and Hillary ARE so out of touch. They’ve been talking to the wrong people!
By the way, Chappaqua’s population is not only rich; its extremely white (87.9%), married (80%), and amazingly highly-educated. Single women with children, the biggest category with income equality issues, are almost non-existent in Chappaqua. While 27% of households nationally are headed by single women, only 3.9% of Chappaqua families with children under 18 are hades by women. http://www.census.gov/prod/2013pubs/p20-570.pdf
Everyone’s rich: The median household income in the U.S. is $ 53, 093 but in Chappaqua it’s 163,201 – more than 150% higher!
Two thirds of the Chappaqua households- 63.7% – make more than $150 000 a year. Compare that to 9.4% of households in that category nationally.
Another 21% make between $75,000 and $149,000. These combined categories mean that 85.8% of the households in Chappaqua make over $75,000. Those same categories nationally include only 34.5% of the households – a 50% difference!
Only 3.8% of the Chappaqua households make $25,000 or less. Across the country, 23.3% are in that category.
Everyone’s White: 81.7% of the Chappaqua residents are white vs. 74% nationally.
12.5% of Americans are Afro-Americans, but in Chappaqua they only make up only 1.3%
There’s only one ethnic group in Chappaqua that is represented in greater numbers than in the rest of the country: Asians make up 12.5% of Chappaqua vs. 5.6% in the rest of the country.
Latinos account for 3.5% of the town.
Everyone’s Highly Educated: 81% of those living in Chappaqua have college degrees and 48% have graduate degrees, while the national average is only 27.5% for college degrees and 17.9 for graduate degrees. If you add those with Associate Degrees, 93% have attended two or more years of college compared with 58% nationally.
Everyone Owns Their Own Home: 93.4% live in homes that they own, while in the U.S. it is 65.1% Only about 7% are renters, compared to about 35% nationally.
national multifamily housing council
Almost everyone is married: 80% of the households are made up of husbands and wives; an additional 0.5% are unmarried partners
Per Capita Expenditure on Students Is more than TWICE the national average:
Byram Hills School District in Armonk, N.Y., services 2,745 students from the towns of Armonk, Bedford, Pleasantville and Chappaqua with two elementary schools, a middle school and a high school.
Chappaqua :Expenditure per student: $24,727
U.S. :Expenditure per student: 11,184
Source: U.S. Dept of Education, National Center for Education Statistics
So, it turns out that the neighbors aren’t a big help.
And as for the supposed grocery store visits where the Clintons also learn a lot, let’s not even go there.
TIME, Here Are the 10 Richest Towns in America, MAY 15, 2014 (CHAPPAQUA IS #5)