New York Ranks High in Income Inequality

As the debate over income inequality rages across the country, the U.S. Census Bureau has released a report that shows that New York is the state with the largest disparity between rich and poor.

Recently released census figures show that New York is the state with the highest level of income inequality in the nation with Connecticut ranking second.

The report uses income data gathered between 2005 and 2009 to come up with the inequality measures.

Among large metropolitan areas, the New York City metro area, which included Northern New Jersey and Long Island, was at the top of the list, followed by the Miami, Fort Lauderdale and Pompano Beach, Florida, metro area.

Of the 10 cities with the highest income inequality, New York ranked 5th. Atlanta topped the list, followed by New Orleans and Washington D.C.

Country Knolls, a community that sits half way between Albany and Saratoga has the lowest measured income inequality in the country. According to the census, Country Knolls is 96 percent white, 85 percent of its residents are married and the median household income is roughly $108,000 a year.