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The most recent estimates put American median median income at $ 75,000 at $ 80,000. But these figures do not take into account the degree of the gap between the highest and the lowest employees, a metric which can demonstrate the diversity of financial realities within a community. Through the United States, the 20% highest of employees earns at least $ 4.61 for each $ 1 that the 20% of salaries provide. In some places, this multiple reaches more than $ 7.
To discover where this propagation increases – and where it is the highest – Smartasset ranked 96 of the largest American cities according to the percentage of increased income inequality between the highest and lowest income employees on a year.
Income inequality has increased the most to Madison, Wi. The income extended between the highest and lowest quintiles increased by 4.56% to Madison from one year to the next. In 2024, the most united households won at least $ 4.30 for each dollar brought by the lowest households. This increased by $ 4.24 in 2023. The median household income of Madison rose from $ 77,653 to $ 85,189 in this same period.
The high wages are almost 8 times the lowest employees of this city. New Orleans, the highest unequal inequality with a multiple of $ 7.91 on profits between the highest 20% and 20% of households. This has remained quite constant from year to year with a 0.4% increase in spread.
Income inequality is the weakest in Boisse, id. The best paid households in Boise earn at least $ 3.90 for each dollar earned by the lowest quintile of employees. Propagation has decreased a little by year, from -0.9%. Chesapeake, goes to the second lowest income inequality with $ 3.95 multiple, and saw the third highest increase from year to 4.4%.
Income inequality decreased 11.2% in Richmond, VA. Richmond has seen about three times more deceleration in the inequality of income than the following city (Laredo, TX). The highest employees have gone to earn at least $ 4.56 for each dollar earned by the lowest 20% of employees in 2023, a spread of $ 4.04 in 2024.
The cities are classified according to the variation as a percentage of the ratio between the profit threshold for the 20% higher of employees and the lowest 20% of employees.
Madison, won
Percentage of variation in the propagation of income: 4.56%
Ratio of the profit threshold for the 20% higher compared to the 20% lower, 2024: $ 4.30
Ratio of the profit threshold for the 20% higher compared to the 20% lower, 2023: $ 4.11
Median household income, 2024: $ 85,189
Median household income, 2023: $ 77,653
Chesapeake, go
Percentage of variation in the propagation of income: 4.41%
Ratio of the profit threshold for the 20% higher compared to the 20% lower, 2024: $ 3.95
Ratio of the profit threshold for the 20% higher compared to the 20% lower, 2023: $ 3.78
Median household income, 2024: $ 87,127
Median household income, 2023: $ 87,057
Oakland, CA
Percentage of variation in the propagation of income: 3.24%
Ratio of the profit threshold for the 20% higher compared to the 20% lower, 2024: $ 5.41
Ratio of the profit threshold for the 20% higher compared to the 20% lower, 2023: $ 5.24
Median household income, 2024: $ 121,190
Median household income, 2023: $ 108,971
Fremont, that(On par with Oakland, CA)
Percentage of variation in the propagation of income: 3.24%
Ratio of the profit threshold for the 20% higher compared to the 20% lower, 2024: $ 5.41
Ratio of the profit threshold for the 20% higher compared to the 20% lower, 2023: $ 5.24
Median household income, 2024: $ 121,190
Median household income, 2023: $ 108,971
Austin, tx
Percentage of variation in the propagation of income: 3.03%
Ratio of the profit threshold for the 20% higher compared to the 20% lower, 2024: $ 4.48
Ratio of the profit threshold for the 20% higher compared to the 20% lower, 2023: $ 4.35
Median household income, 2024: $ 68,630
Median household income, 2023: $ 68,150
Omaha,
Percentage of variation in the propagation of income: 2.85%
Ratio of the profit threshold for the 20% higher compared to the 20% lower, 2024: $ 4.51
Ratio of the profit threshold for the 20% higher compared to the 20% lower, 2023: $ 4.38
Median household income, 2024: $ 74,424
Median household income, 2023: $ 69,475
Denver, Co
Percentage of variation in the propagation of income: 2.35%
Ratio of the profit threshold for the 20% higher compared to the 20% lower, 2024: $ 4.89
Ratio of the profit threshold for the 20% higher compared to the 20% lower, 2023: $ 4.77
Median household income, 2024: $ 87,619
Median household income, 2023: $ 81,262
Baltimore, MD
Percentage of variation in the propagation of income: 2.18%
Ratio of the profit threshold for the 20% higher compared to the 20% lower, 2024: $ 4.40
Ratio of the profit threshold for the 20% higher compared to the 20% lower, 2023: $ 4.30
Median household income, 2024: $ 86,19
Median household income, 2023: $ 80,159
Bakersfield, CA
Percentage of variation in the propagation of income: 2.13%
Ratio of the profit threshold for the 20% higher compared to the 20% lower, 2024: $ 4.96
Ratio of the profit threshold for the 20% higher compared to the 20% lower, 2023: $ 4.85
Median household income, 2024: $ 65,981
Median household income, 2023: $ 57,926
Aurora, Co
Percentage of variation in the propagation of income: 1.98%
Ratio of the profit threshold for the 20% higher compared to the 20% lower, 2024: $ 4.05
Ratio of the profit threshold for the 20% higher compared to the 20% lower, 2023: $ 3.97
Median household income, 2024: $ 93,525
Median household income, 2023: $ 84,308
