Income Inequality In The Us By State

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.

Income inequality in the us by state. Income inequality state by state the economic policy institute and the center on budget and policy priorities ranked each state according to the ratio of the average income for the. The text of the report includes a summary table of the major income distribution measures. The gini coefficient is a measure of inequality of incomes or sometimes wealth across individuals. Income inequality is a growing issue not only in the u s but across the globe.

Each year the census bureau updates its income inequality statistics in the income and poverty in the united states p 60 report. In 24 states the top 1 percent captured at least half of all income growth between 2009 and 2013 and in 15 of those states the top 1 percent captured all income growth. New york has the greatest income inequality in the united states. In 2015 the average income of the top 1 was 2 2 million and the average income of the bottom 99 was 49 617.

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. Nationally the numbers were 1 32 million for the top 1 and 50 107 for the bottom 99 a ratio of 26 3 to 1. This statistics shows the states in the united states by their gap between rich and poor as of 2019 as calculated using the gini coefficient. Income inequality has risen in every state since the 1970s and in many states is up in the post great recession era.

Detailed historical tables showing selected measures of household income dispersion are included in the appendix of this report. In the us southern states and high population states tend to have the worst levels of income inequality. A score of 0 on the gini coefficient represents complete equality i e every person has the same income. New york was the state with the greatest gap between.

This is a ratio of 44 4 to 1. A 2017 report from global charity oxfam found that the richest 1 percent of people in the world control 82 percent.