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Income Inequality Grows in NYC Area

A ranking of 2017 income inequality among 100 most populous US metropolitan areas shows New York taking to the number two spot.

Income Inequality Grows in NYC Area
One World Trade Center stands the Lower Manhattan skyline at dusk in this aerial photograph taken above New York, U.S.. (Photographer: Craig Warga/Bloomberg)

(Bloomberg) -- A ranking of 2017 income inequality among the 100 most populous U.S. metropolitan areas, as gauged by the Gini coefficient, shows New York taking to the number two spot from three the prior year.

Inequality increased in slightly more than 4 in 10 areas with the largest movements in Springfield, MA; El Paso, TX and Las Vegas, NV. New York and Miami metro areas switched positions but still round-out the top three most unequal metro areas after number one ranked Bridgeport-Stamford. Three Utah metro areas, Salt Lake City, Provo and Ogden are closest to income equality on the list.

Income Inequality Grows in NYC Area

The Gini coefficient ranges from zero, which reflects absolute equality, to one, complete inequality.
For a list of the 100 U.S. metro areas with the greatest income inequality, click HERE

To contact the reporters on this story: Alex Tanzi in Washington at atanzi@bloomberg.net;Wei Lu in New York at wlu30@bloomberg.net

To contact the editor responsible for this story: Alex Tanzi at atanzi@bloomberg.net

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