According to 24/7 Wall Street website, the Sebastian-Vero Beach metro area, ranks number one in the country for wealth inequality as measured by the governments Gini Index.
Gini Index: 0.5610
Median income: $40,413
Poverty rate: 17.2%
Pct. with income over $200,000: 7.1%
Statistics from 2012 show that while 7.1% of households earned more than $200,000 last year, among the higher rates in the nation, no metro area had a greater degree of income inequality than the Sebastian-Vero Beach metro area. In 2012, 33.8% of all household income earned belonged to the wealthiest 5% of households, a higher percentage than any other metro area in the United States. At the same time, the median household income in the area was just over $40,000, versus slightly more than $51,000 nationwide. Further, more than 19% of residents do not have health insurance, well above the national rate of 14.8%.
To learn more about this interesting local statistic, please see the article at http://247wallst.com.
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