Cities with the Widest Gap Between th...

Cities with the Widest Gap Between the Rich and Poor

Posted in the Trumbull Forum


Matawan, NJ

#1 Nov 4, 2013
2. Bridgeport-Stamford-Norwalk, Conn.
> Gini Index: 0.5459
> Median income:$79,841
> Poverty rate: 8.9%
> Pct. with income over $200,000: 21.8%

The Bridgeport-Stamford-Norwalk metropolitan area, which comprises all of Fairfield County, is home to some of the wealthiest corporations and individuals in the country. An estimated 12.7% of homes in the area are worth at least of $1 million, compared to just 2% of all homes nationwide. More than 20% of all households earn $200,000 or more. The top 5% of earners bring in nearly 30% of the regionís income, and the top 20% of earners bring in roughly 58%. With all the areaís wealth, there are still some pockets of severe poverty. For example, the city of Bridgeport is one of the poorest cities in the nation. More than one in four of its residents lived in poverty last year, including nearly 38% of the population under age 18.

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