Income Inequality Grows in NYC Area
(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.
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
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