Quantcast

Salt Lake City a bit under average in attracting the rich

Published February 14, 2013 2:04 pm

This is an archived article that was published on sltrib.com in 2013, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

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 — 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 — near New York City — 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.

Lee Davidson

USER COMMENTS
Reader comments on sltrib.com are the opinions of the writer, not The Salt Lake Tribune. We will delete comments containing obscenities, personal attacks and inappropriate or offensive remarks. Flagrant or repeat violators will be banned. If you see an objectionable comment, please alert us by clicking the arrow on the upper right side of the comment and selecting "Flag comment as inappropriate". If you've recently registered with Disqus or aren't seeing your comments immediately, you may need to verify your email address. To do so, visit disqus.com/account.
See more about comments here.
comments powered by Disqus