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

4. New Mexico

Gini coefficient: 0.4821
Median household income: $41,963 (8th lowest)
Households earning $200,000+: 3.4% (tied for 15th lowest)
Population living below poverty line: 21.5% (2nd highest)

Between 2010 and 2011, New Mexico’s Gini coefficient rose from 0.464 — then 15th in the nation — to 0.482, one of the highest in the country. During this time, many New Mexicans brought home less money, as median income fell from $43,326 in 2010 to $41,963 in 2011. Also, 7.2% of the state’s households earned less than $10,000 last year — one of the highest rates in the nation. Poverty is a long-running problem in New Mexico. The percentage of households living below the poverty line rose from 18.1% in 2010 to 21.5% last year — the second-highest poverty rate in the nation. Despite the state’s high poverty rate, one of its three congressman, Steve Pearce, received a “D-” from the Institute for Policy Studies on promoting income equality.


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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