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.
- 1 Pound Ridge Ranks Among Nation’s 100 Best Suburbs
- 2 Bedford Central Voters Approve School Budget, Elect Sheerin
- 3 Obama Will Fly Into Westchester Airport For Big-Ticket Fundraiser
- 4 Westchester Legislator Who Represents Pound Ridge To Resign
- 5 Mount Kisco Bank Teller Pleads Guilty To Stealing $1.4M