Income Inequality By State

Table 1 presents data by state for 2013 on the average income of the top 1 percent of families the average income of the bottom 99 percent and the ratio of these values.

Income inequality by state. Each year the census bureau updates its income inequality statistics in the income and poverty in the united states p 60 report. From 1963 to 2003. Income inequality in the united states is at levels not seen since the late 1920s according to a report by the economic policy institute epi. The top earners in this state have an average annual income of 910 000 while the bottom 99 have the highest annual average income in the country at 71 900.

The top 1 percent captured half or more of all income growth in nine states. A score of 1 would represent complete inequality i e where one person has all the income and others have none. Income inequality has risen in every state since the 1970s and in most states it has grown in the post great recession era. Income inequality is a growing issue not only in the u s but across the globe.

The state with the lowest income inequality is alaska where the top 1 in the state earn just 12 7 times as much as the bottom 99. We have computed measures of income inequality at the state and national level using the following datasets. From 2009 to 2015 the incomes of the top 1 percent grew faster than the incomes of the bottom 99 percent in 43 states and the district of columbia. Income inequality across the states metropolitan areas and counties in 2013.

Assessing inequality in party responsiveness to affluent versus poorer co partisans requires generating measures at the state level of mass preferences by income group as well as ideological positioning of the parties on the same issue dimensions. Detailed historical tables showing selected measures of household income dispersion are included in the appendix of this report. As with all tables in this report figures are in 2014 dollars. Based on this the five states with the highest income inequality in the united states are.

Each state also has a gini coefficient. In 2013 the top 1 of families in the u s. New york 5102 connecticut 4947 louisiana 4903. A 2017 report from global charity oxfam found that the richest 1 percent of people in the world control 82 percent.

The gini coefficient is a measure of inequality of incomes or sometimes wealth across individuals. This web page contains state level time series data on individual and family income inequality in the u s. We describe our method for generating these data in the following sections. 1 the march current population survey.

Zippia analyzed datasets from 2010 and 2016 from the american community survey and then analyzed the gini coefficient for each state in both periods.