Breitbart CA: Brookings Institution research confirms that the San Francisco Bay Area has the highest income inequality levels in the United States.
Brookings develops income inequality multiples for America’s 100 largest metropolitan areas by dividing the income earnings of the top 5 percent of households by the income earnings of the lowest 20 percent of households.
In 2014, the San Francisco metropolitan area was the only Northern California region to be in the nation’s top 10 for income inequality. With the top 5 percent of households making an average of $353,483, and the lowest 20 percent of households making $31,761, the income inequality ratio was 11.1, the third-highest income inequality in America.
Two years later, in 2016, San Francisco’s income inequality was still the third highest, at a ratio of 11. But the San Jose metropolitan area had jumped from the 17th highest rate of income inequality in 2014 to the 6th highest rate in 2016. With the top 5 percent of households making an average income of $428,363 and the lowest 20 percent of households making an average income of 40,807, the income inequality ratio was 10.5. MORE
We’re not discussing this right now.
Apparently there’s a lot of inequality when it comes to toilets.
OK. for the last time. San Fransisco is a shit hole. Sure it’s expensive. A lot of old money. But make no mistake articles like this are about the Silicon Valley. San Jose, Santa Clara, Freemont, Sunnyvale, etc.
When the wife and I were first married we purchased a house in Sunnyvale. Paid $120K. Sold it less than a year later for $198K. A couple months ago that house sold for a Mil Two. 900 square feet, two bedroom.