The biggest income inequality in America is in Atlanta

Atlanta has been ranked the worst city in America for income inequality.

According to a study conducted by GoBankingRates, the town in Georgia called the Black Mecca clasped #1 spot for the very best income inequality in America. People whose incomeThose in the underside 20 percent in Atlanta earned a mean of $11,221. Those in the highest 20 percent earned a mean of $324,230.

Income inequality measures how unequal income is Distributed among the many population. So the greater the disparity, the less equal the distribution of income shall be.

The report, which analyzed cities across the country with a combined population of 100,000 or more people, using the Gini index to measure income inequality in a single statistic, included the underside 20 percent of the median city resident’s income, in addition to the underside 20 percent of the resident’s wealth share. Additionally, the study calculated the highest 20 percent of the median resident’s income and wealth share, and their median household income to find out the rankings.

In addition to Atlanta as the biggest U.S. city with the best income inequality, other key findings included six Florida cities, including Miami, Tampa, Tallahassee and others, rating high in the identical rating. Five California cities topped the list, and it’s vital to notice that no city included in the report had a median household income of greater than $100,000.

The only American cities where the median household income exceeds $100,000 are the capital, Washington, D.C.; Stamford, Connecticut; Scottsdale, Arizona; and Berkeley and San Francisco, California.

Atlanta’s place on the list of cities with the very best income inequality in the United States may come as a surprise, as the town topped the list of best cities for renters to live in 2024, due to its local economy. The Georgia capital also has the very best rate of black-owned businesses in the country, in accordance with Lending Tree. Atlanta is home to greater than 10,000 black-owned businesses, making up 9% of companies operating in the town.