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Income Gap Widens Across U.S., but New York Ranks Highest

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  • Staff Report 

The income gap between the highest and lowest earners in the U.S. remains a significant issue, with the top 10% earning over 12 times more than the lowest 10%, according to WalletHub.

New York tops the list, where the top 5% earn an average of $553,000 annually, far above the national average salary of $74,600. Meanwhile, the bottom 20% in New York earn just $13,301, ranking 44th in the nation for lowest income.

Connecticut and Virginia follow closely, with the top 5% earning around $518,000 annually. The state with the lowest top 5% threshold is Alaska at $321,000. This stark disparity highlights the ongoing economic divide across the country.



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