Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

10 States With the Largest Income Difference Between The Rich And The Poor

The Census Bureau published the 2009 American Community Survey today. The ranking of states with the largest income difference (most unequal income distribution) changed in 2009. Income distribution worsened in 22 states. In 28 states,the income distribution got better. The states with the largest income difference might be labeled as the most cut throat capitalist ones. The ones with the smallest income difference might be labeled socialist. Even the most socialist state in America is not nearly as socialist as an average European country, yet it is still the most socialist state in this country. Can you guess the most socialist state in America? Previously, Insider Monkey used another metric and found that Alaska and Wyoming are the most socialist states in America. Check for yourself:

10 States with the Largest Income Difference Between The Rich and The Poor (Most Capitalist States?)

10. Mississippi: Rich=50.0 Poor=3.2

9. California: Rich=50.2 Poor=3.3

8. Illinois: Rich=50.2 Poor=3.3 (worse Gini coefficient than California)

7. Georgia: Rich=50.2 Poor=3.2

6. Louisiana: Rich=50.4 Poor=3.2 

5. Florida: Rich=50.8 Poor=3.5

4. Texas: Rich=50.9 Poor=3.3

3. Connecticut: Rich=51.4 Poor=3.1

2. New York: Rich=53.3 Poor=2.8

1. District of Columbia: Rich=55.7 Poor=1.9

10 States with the Smallest Income Difference Between The Rich and The Poor (Most Socialist States?)

10. Wisconsin: Rich=47 Poor=3.9

9. New Hampshire: Rich=47 Poor=4

8. Iowa: Rich=46.9 Poor=4

7. Montana: Rich=46.8 Poor=3.9

6. Vermont: Rich=46.8 Poor=3.9

5. Hawaii: Rich=46.2 Poor=3.8

4. Idaho: Rich=46.3 Poor=4.3

3. Utah: Rich=45.9 Poor=4.3

2. Wyoming: Rich=45.5 Poor=4.3

1. Alaska: Rich=44.5 Poor=4.4

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.