facebook
twitter
rss
account
search
search
 

Census Bureau names richest community

Feb. 11, 2013 at 5:48 PM   |   Comments

WASHINGTON, Feb. 11 (UPI) -- Nearly 18 percent of households in a New York suburb are in the top 5 percent of the country's income levels, tops in the country, the government said Monday.

The U.S. Census Bureau said the highest concentration of households with incomes at $191,469 or higher out of any community in the country was the Bridgeport-Stamford-Norwalk, Conn., area, considered a bedroom community just north of New York City.

Two communities tied for having the lowest concentration of wealthy households, Danville, Va., and, coincidentally, Danville, Ill.

They each have a concentration of wealthy families of 1.1 percent, while the Bridgeport-Stamford-Norwalk area has a wealth concentration of 17.9 percent.

"This report addresses one aspect of the growing interest in income distribution by examining the geographic spread of high-income households," said David Johnson, chief of the Census Bureau's Social, Economic and Housing Statistics Division in statement.

The study found that wealth lives near the water. "Coastal areas had large proportions of counties with high concentrations of high-income households, particularly the New England, Middle Atlantic and Pacific divisions," the Census Bureau said. "Conversely, the East South Central division, comprised of Alabama, Kentucky, Mississippi and Tennessee, tended to have low concentrations of such households."

Wealth also favors company, the Census Bureau said. "The most 50 populous metro areas contained 52 percent of all U.S. households and 72 percent of high-income households." a study released Monday said.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
IS oil smugglers will feel wrath, Kurdish leader says IS oil smugglers will feel wrath, Kurdish leader says
2
Outrage over FERC decision on LNG exports Outrage over FERC decision on LNG exports
3
Exxon says it's safe from Russian sanctions Exxon says it's safe from Russian sanctions
4
Thales to research next-gen active radar antenna Thales to research next-gen active radar antenna
5
Statoil, Shell to assess Algerian shale Statoil, Shell to assess Algerian shale
Trending News
x
Feedback