Salt Lake City a bit under average in attracting the rich
The Salt Lake City metropolitan area attracts a bit less than its share of the richest Americans, a new U.S. Census Bureau report shows.
The Census Bureau released an analysis this week of which areas have the highest concentration of high-income households defined as being in the top 5 percent, or having annual incomes of more $191,469.
In the Salt Lake metro area, 4.4 percent of households were high income Â or a bit less than the 5 percent that would be average nationally. That ranked No. 29 among the nation's 50 largest metro areas.
The study noted that the 50 most populous metro areas contained 52 percent of all U.S. households and 72 percent of high-income households.
Among all metro areas, the Bridgeford-Stamford-Norwalk, Conn., metro area Â near New York City Â had the highest concentration of high-income households at 17.9 percent, followed by San Jose-Sunnyvale-Santa Clara, Calif., at 15.9 percent, and the Washington, D.C., metro area at 14.1 percent.
At the other end of the spectrum are two metro areas named Danville in Virginia and Illinois each with 1.1 percent of households having high income.
The information comes from The Geographic Concentration of High-Income Households, based on five-years' (2007-2011 ) survey results from the American Community Survey.