- Income inequality in America has increased in every state since the 1970s, a 2018 report published by the Economic Policy Institute (EPI) found.
- In the resort town of Jackson, Wyoming, the most unequal metro area in America, the richest 1% make 132 times more, on average, than the bottom 99%.
- The New York City-Newark-Jersey City metro area ranks 13th on the list.
- Six of the 13 most unequal metro areas are in Florida.
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Income inequality in America has been rising in every US state since the 1970s, found a 2018 report published by the Economic Policy Institute (EPI).
In the report, researchers looked at 2015 tax return data to analyze the average income of the top 1% and the bottom 99% of a population, broken down by state, metropolitan area, and county.
As compared to the commonly used Gini coefficient measure of inequality, EPI’s measure captures very high incomes better because, as the report notes, "it represents all the taxable income people earn in market transactions, such as the income earned from working for a wage or salary at a job, through interest on a savings account, or from selling a financial asset for more than its purchase cost (a capital gain)."
The report found that the most unequal metro area in America is the resort town of Jackson, Wyoming, where the average income of the top 1% is more than $16.1 million, and the average income of the bottom 99% is $122,447.
Below, Business Insider has ranked the 13 most unequal metro areas in the US, based on the EPI report, including the average income of the top 1%, the average income of the bottom 99%, and the top-to-bottom ratio.
Here are the most unequal places in America.
Andy Kiersz contributed to reporting.
13. New York-Newark-Jersey City, New York-New Jersey-Pennsylvania
Average income of the top 1%: $2,425,384
Average income of the bottom 99%: $61,550
Top-to-bottom ratio: 39.4
12. North Port-Sarasota-Bradenton, Florida
Average income of the top 1%: $1,810,660
Average income of the bottom 99%: $42,021
Top-to-bottom ratio: 43.1
11. Summit Park, Utah
Average income of the top 1%: $4,784,667
Average income of the bottom 99%: $110,003
Top-to-bottom ratio: 43.5
- I visited ‘the most photographed barn in America,’ a dilapidated wood barn beloved by Instagrammers, influencers, and tourists. I didn’t see what the hype was all about.
- A 3-day trip to Jackson Hole during what I thought would be the low season ended up being a valuable lesson in writing off ski towns as winter-only destinations
- I toured a $975-a-night luxury resort outside of Jackson Hole, and I found that it delivers on 2 of the top desires of wealthy travelers: privacy and experience
DON’T MISS: I got access to the richest zip code in the US, an island off Miami where the average income is $2.2 million, the beaches have sand imported from the Bahamas, and the preferred mode of transportation is golf carts. Here’s what it looks like.