Edmonds, according to U.S. Census figures, has the 25th worst income inequality of cities in the state of Washington that have more than 20,000 people, according to a Seattle P-I report based on recently released Census numbers.
The richest 5 percent of the population in Edmonds get 18.5 percent of the pay while the poorest 20 percent took home 4.3 percent of the pay.
That puts the city in the middle-of-the-pack.
Meanwhile, Seattle has the seventh-most income inequality among the cities. The richest 5 percent received 22.5 percent of the pay, while the poorest 20 percent received 2.8 percent of the pay.
Neighboring Shoreline has the 10th worst income inequality. The richest 5 percent of the population in Shoreline get 20.5 percent of the pay while the poorest 20 percent took home 3.2 percent of the pay.
Nationally, the highest-earning 5 percent of the population rake in 22.1 percent of all income, according to the most recent results of the American Community Survey. The lowest-paid 20 percent of Americans take in about 3.3 percent of all earnings.
In Washington state, the richest 5 percent get a smaller slice – and the poorest a slighter larger slice – of the pie when compared to the national average. The Census shows Washington’s highest earning 5 percent were paid 20.1 percent of all income in the state, while the poorest 20 percent received 3.7 percent of all income
The P-I noted in its story that the smaller the community, the greater the margin of error.
For more information about the survey, including the research methods and a fact sheet, you can check out the full results at Census.gov.
Read more here for the full listings on the P-I Web site: http://www.seattlepi.com/local/article/Income-inequality-Which-Washington-city-is-worst-4004464.php#ixzz2BzNNfxT1