Based on a study by the Brookings Institution, NerdWallet.com, a personal finance resource, has ranked Surprise third in the nation for greatest income equality among households. Income equality refers to the difference between the highest earning households and lowest earning households. In general, their analysis found that the greatest inequality among household income is found in the nation’s largest cities. Surprise, with a population of just over 120,000 and a median household income of just under $60,000 annually, has an income ratio of 7.3, more than half the national income ratio of 15.97. Our neighbor to the southeast, Gilbert, has ranked 9th on the list.
For more on the NerdWallet.com story, click here.
For more on the Brookings Institution study of the 50 largest cities in the US, click here.