Income Gap In Westchester, Metro Area Among Nation's Widest

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Photo Credit: Wikimedia Commons

WESTCHESTER COUNTY, N.Y. -- The gap between the rich and the poor in the New York Metro area, including Westchester, was recently ranked the third widest in the U.S., according to a new study about income inequality by real estate website Trulia.

The study compared the incomes of rich, median, and poor households in the 100 largest metro areas in 2012, 2006, 2000 and 1990. Rich homes defined as being at the 90th percentile –- which means being above 90 percent of all households in the metro; the median is at the 50th percentile, while poor is defined as at the 10th percentile.

According to the study, the 90th percentile's wealth in the New York Metro area was 17.7 times greater than the 10th percentile.

Neighboring Fairfield County was even more unequal, with an income gap of 18.5 times greater than the 10th percentile, the wides  in the nation. 

The Lakeland-Winter Haven, Fla., metro region had the lowest income inequality gap at 8.6 times greater than the 10th percentile. 

Click here to read the full study. 

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Comments (6)

Severe income inequality stagnates an economy because there are fewer consumer dollars to buy things. Complaining about the immigrant population (as did others about our ancestors) goes nowhere toward solving the problem. We need an upwardly mobile middle class, & it is the upper class not the lower one that prevents that.

And this in a state controlled by liberal elites of both parties who tax and spend beyond the constraints of constitutional government.

Westchester County is overrun with illegal aliens with little or no education, little or no language skills and little or no job skills. Of course there's going to be an income gap! Why the surprise? Westchester County imports more poor people every year. Add to that the hundreds of "students" who drop out of high school every year. They can barely read or count beyond ten. They are basically unemployable beyond the most menial jobs, yet many seem to think they've been abused by the "rich" in some way.

I am thinking the gap sounds widely underestimated, but then what does trulia know..

This can be easily solved. If we simply destroy the high performing school districts and force all the good paying jobs out of the metro NY area those no good rich people will leave.Then we will all be equal and poor.

Come to think of it isn't that happening now? We have to accelerate the pace. Equality for all.

Who gives a bleep. What a non-story. Obama creates the biggest gaps ever and the media refuses to say the truth, which is: You want to reduce the the income gaps? Grow the economy, stupid.