Florida’s income inequality has worsened
Nationally, the top 1 percent earned 26.3 times as much as the bottom 99 percent, on average. The average income of the top 1 percent was $1,316,985, compared to $50,107 for the bottom 99 percent.
In Florida, which ranked 46th in 2013, income inequality is much worse than the national average. The average income of the top 1 percent of families was $1,543,124, compared to an average of $39,094 for the bottom 99 percent. It was second only to New York, which has the worst income inequality across all states with a ration of 44.4 between the top and bottom average incomes.
Florida metro areas and counties among worst in the nation
In addition to Florida overall having the second-worst inequality as a state, many of Florida’s metropolitan areas ranked poorly as well. Eight out of the 25 worst metro areas were in Florida. Similarly, Florida’s counties were among the worst in terms of income inequality. Nine out of the worst 25 counties were in Florida.