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

5. California

Gini coefficient: 0.4812
Median household income: $57,287 (10th highest)
Households earning $200,000+: 7.8% (7th highest)
Population living below poverty line: 16.6% (18th highest)

Nearly 8% of households in California earned at least $200,000 in 2011, more than all states but six. But while California has its sliver of Hollywood bigwigs and self-made billionaires striking it rich in Silicon Valley, the state also has a fair share of residents on the lower-end of the income spectrum. The state’s 16.6% poverty rate was higher than the national poverty rate of 15.9%. Despite this, California in some regards did better than its peers. For instance, the 8.3% of Californians on food stamps in 2011 was a lower percentage than all but four states. Furthermore, the 4.7% of households earning less than $10,000 in 2011, while far from being the lowest percentage among all states, was better than the 5.1% across the country.


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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