Clarion County Home to Some of Pennsylvania’s Wealthiest Residents
CLARION, Pa. (EYT) – While many local residents may look at Clarion County as a sleepy county of average middle-class rural residents, it turns out some of the state’s wealthiest residents have chosen Clarion as their home.
(Photo courtesy Michael Shaw)
According to recent data available from the Department of Revenue, Clarion County is the home of Pennsylvania’s wealthiest million-dollar earners, with 12 residents who have combined earnings of over $57 million, meaning each of those dozen has an average annual income of more than $4.8 million.
“Good for them,” Clarion County Commissioner Ted Tharan told exploreClarion.com.
“It’s good that wealth is in Clarion County. As the old saying goes, you can’t take it with you. I’m truly happy for those people, and I think that means things are still happening in Clarion County.”
According to statistics from the Pennsylvania Department of Revenue, the number of millionaires in the state has been on the increase. While the largest concentration of those with an annual income of over $1 million is highest in the region surrounding Philadelphia, accounting for just over half of the state’s million-dollar earners, the more rural parts of the state haven’t been left entirely in the dust.
Neighboring counties in our region also have their share of those with seven-figure earnings.
Venango County has 16 residents who earn a combined total of over $38.37 million, averaging $2.4 million each, and Jefferson County has 14 residents who earn a combined total of over $26.28 million, averaging $1.9 million each.
The concentration of wealth grows heading closer to Pittsburgh, with Butler sporting 224 resident millionaires earning a combined total of $548,418,099.00, averaging about $2.5 million each.
The overall earnings of Pennsylvania’s millionaires have been on the increase, as well, increasing nearly 30 percent in the last four years, from $35.7 billion to $48.3 billion, while the total income of those in lower-earning groups has risen just 0.4 percent.
“I think that’s fantastic,” Tharan said. “I don’t begrudge anyone any money that they make. That means they’re out working hard, using their mind. An old fella once told me you don’t make money with your hands, you make it with your head, and I still believe that.”
Copyright © 2019 EYT Media Group, Inc. All rights reserved. Any copying, redistribution or retransmission of the contents of this service without the express written consent of EYT Media Group, Inc. is expressly prohibited.