The Atlanta metro area is the home of 14 S&P 500 companies with a total market capitalization of nearly $900 billion, including Home Depot, United Parcel Service and Delta Air Lines Inc.
Big Movers
Cleveland moved to the No. 5 spot in the inequality rankings, from 22nd on the list the previous year. Half of the city’s households made just below $30,000, according to the census, whereas those among the top 5% of earners made an average of $262,924 -- 36% higher than the previous year.
The cities that saw the biggest jumps in inequality relative to their peers were Irvine, CA (which jumped 34 spots), Fort Worth, TX (up 24 spots) and Raleigh, NC (up 20).
Among those making big moves in the opposite direction -- in other words, becoming more equal -- were four cities in California: Stockton, Long Beach, Sacramento and Chula Vista.
This article was provided by Bloomberg News.