Numbers tell Fairfax County’s economic story

economic profile

Numbers are better than a  thousand words to tell the story of Fairfax County’s people and businesses. And you can find them in a fascinating new county profile just published by the Fairfax County Economic Development Agency.

For example:

  • There are 37.6 thousand businesses in the county. 8,900 of them are tech. That’s the second highest concentration of technology companies in the country.
  • Those businesses employ 595 thousand people. Twenty-six percent are professional, scientific or technical. Ten-percent are healthcare or social services. Another ten-percent are management or administrative.
  • The county unemployment rate is 3.1-percent.
  • Nine Fortune Five Hundred companies have their headquarters in Fairfax County.
  • Nearly 48 thousand businesses are owned by minorities. Nearly 42 thousand are owned by women.
  • There are more than 350 cyber security companies and more than 150 that specialize in cloud computing, including Amazon web services.
  • The median household income is $113,208. That compares with $66,262 statewide and $55,775 nationwide.
  • Fifty-nine percent of Fairfax residents have at least a bachelor’s degree. More than 26 thousand hold PhDs
  • Ninety-two percent of the students in Fairfax County Public Schools graduate. The average SAT score is 1672.
  • The average rent for an apartment is $1,750.

It all adds up, according to the report, to a county economy totaling $120-billion.

Comments

About the Author

Ed Tobias
Ed Tobias brings more than four decades of reporting and news management experience to his work at FairfaxNews. Tobias managed news coverage for Associated Press Radio for over twenty years.  This included coverage of the 9/11 attacks, the Iraq War, Hurricane Katrina, the death of Princess Diana, the Challenger and Columbia shuttle disasters and national election primaries, conventions and campaigns.  He was part of the team that built AP’s on-line video operation. Prior to joining AP, Tobias was News Director at all-news WTOP in Washington, D.C. He has won two Ohio State Awards for his reporting and producing and he led coverage that won an Edward R. Murrow Award.