For all its apparent conveniences and perks, city living has never been easy or inexpensive. And income inequality is often most obvious in metropolitan areas. U.S. Census Bureau data, cited by the Brooking s Institution, found that the 50 largest American cities had significantly higher income gaps between rich and poor when compared to cities overall. And in December, the Census Bureau released its Five-Year American Community Survey. It aims to assist in the annual distribution of over $400 billion in federal and state funds to communities across the country while supplying those districts with data they need to help plan municipal investments and services. Here is the list by Insidermonkey experts about the 16 poorest metropolitan cities in America.
Poverty like the creation of wealth is a fact of city life. To fill out the picture of many of these cities, we picked apart the same data set and turned our lens on the places with the highest percentages of households making less than $25,000 a year. Municipal management aside, once again, it’s also hard to discount the role of education in creating wealth through information spillovers. While Boston’s 30.8 percent clearly complicates this notion, given that it has solid bachelor’s and graduate degree metrics, the observation remains largely the same cities situated near world-class research institutions or else with larger numbers of bachelor’s or graduate degree holders tend to fare better. You can also consider checking these 7 poorest countries in the world by 2015 GDP.
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