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24/7 Wall St.: States with the Widest Gap Between the Rich and Poor

1. New York

Gini coefficient: 0.5033
Median household income: $55,246 (16th highest)
Households earning $200,000+: 8.0% (6th highest)
Population living below poverty line: 16.0% (21st highest)

New York, which had the highest income inequality in 2010, had an even higher inequality in 2011. The 16% of the population living below the poverty line in 2011 increased from 14.9% in 2010 to 16% in 2011. The median income declined by $466 between 2010 and 2011. Meanwhile, the percentage of households raking in at least $200,000 was 8.0% in 2011, virtually unchanged from 2010 and well above the national rate of 5.6%. According to a recent study conducted by Martin Prosperity Institute, income inequality in the New York City metro area is roughly equivalent to that of Swaziland, a poor sub-Saharan country that has the lowest life expectancy in the world.

(iStock)

More From 24/7 Wall St.:
States with the Highest (and Lowest) Taxes
10 Cities with the Hottest Housing Markets
10 Brands Losing the Most Value



The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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