daily californian logo

BERKELEY'S NEWS • DECEMBER 06, 2022

Take a look at our 2022 midterm elections special issue!

Berkeley ranked as 10th-highest city in income inequality in US

article image

SUPPORT OUR NONPROFIT NEWSROOM

We're an independent student-run newspaper, and need your support to maintain our coverage.

APRIL 29, 2014

The city of Berkeley has the 10th-highest income inequality in the United States and the highest income inequality in California, according to data released by Bloomberg News on April 15.

Bloomberg found the results by calculating the Gini coefficient — generated from the United States Census’ household income share by quintiles — to measure the wealth distribution. The lower the coefficient value, the lower the inequality.

With a median household income at $65,887, Berkeley is ranked No. 10 out of 50 U.S. cities Bloomberg profiled on its website. The news outlet accumulated this data by studying 300 cities in the United States that had a population of at least 100,000. The list was then funneled down to 50 cities with the worst income inequalities.

Berkeley’s Gini coefficient is 0.5438, compared to the national average, which is 0.4757. Berkeley’s value has increased by 4.58 percent since 2008, showing roughly the same shift as Atlanta — the city with the highest income inequality.

The cities in California with the next-highest income inequality are Los Angeles and Oakland. They are tied as the 28th-worst cities, with their median household incomes at $46,803 and $48,196, respectively. San Francisco is ranked as No. 30, with its median household income at $73,012.

Contact Becca Benham at [email protected] and follow her on Twitter @beccabenhamdc.
LAST UPDATED

APRIL 29, 2014


Related Articles

featured article
Thomas Piketty, bestselling author and professor at the Paris School of Economics, admonished the contemporary surge in economic inequality before a packed UC Berkeley audience of over 300 people at an economics seminar Wednesday.
Thomas Piketty, bestselling author and professor at the Paris School of Economics, admonished the contemporary surge in economic inequality before a packed UC Berkeley audience of over 300 people at an economics seminar Wednesday.
featured article
featured article
Over the last couple of years, there has been a noticeable increase in media coverage of gentrification and the rise of Bay Area urban real estate prices. Below is meant to be an explanation of what gentrification is and why the issue of affordability in cities has become such a high-profile topic lately.
Over the last couple of years, there has been a noticeable increase in media coverage of gentrification and the rise of Bay Area urban real estate prices. Below is meant to be an explanation of what gentrification is and why the issue of affordability in cities has become such a high-profile topic lately.
featured article
In the conclusion of a weeklong symposium on poverty and homelessness, students from a diverse coalition of campus service groups rallied at Sather Gate Friday for minimum wage reform.
In the conclusion of a weeklong symposium on poverty and homelessness, students from a diverse coalition of campus service groups rallied at Sather Gate Friday for minimum wage reform.