DC's Top Earners Take Home 13 Times More Than Lowest Earners

DC’s biggest earners take home more than 13 times what its lowest earners make, a Brookings Institute study released on Thursday found.
The city ranked fifth among cities with the biggest salary gap between the top 5 percent of earners and the bottom 20 percent. Atlanta topped the list.

In its report, Brookings noted that while cities with lower income inequality tended to share certain traits — most were in the South or West, for example, and typically either incorporated suburban areas or were basically very large suburbs — the same couldn’t be said of the cities with high income inequality.
“San Francisco’s ratio is high because its wealthy households have very high incomes, considerably higher than in any other major city,” the report states. “Miami’s ratio is high primarily because its poor households have very low incomes, third-lowest among the 50 largest cities.”
Broadly, though, bigger cities took the lion’s share of nationwide inequality. Here’s a graph showing that trend:

To no one’s surprise, the report noted that income inequality was likely to be a big factor in upcoming mayoral elections, including those here in Washington.
This article originally published at https://dc.urbanturf.com/articles/blog/dcs_top_earners_take_home_13_times_more_than_lowest/8148.
Most Popular... This Week • Last 30 Days • Ever

This week’s Best New Listings includes a custom condo in downtown DC, a one-story h... read »

Why condo fees are high in some buildings and low in others can be a difficult questi... read »

When sellers haven't quite lined up their next house before their settlement date com... read »

In this edition of First-Timer Primer, we look into the question of how to determine ... read »

The preferred mortgage product among most home buyers is the fixed-rate mortgage. How... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Visit guides.urbanturf.com or start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro