Charlotte ranks 59th on list of nation’s most affluent cities

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Posted By Helen Adams Realty on February 20th, 2012

[From the Charlotte Business Journal]

The Charlotte area ranks 59th on the list of most affluent cities in the nation, according to an analysis of U.S. Census Bureau U.S. Census BureauLatest from The Business JournalsPortland family poverty rate at 8.3%More than 14% of Memphis families live in povertyFewer Jacksonville families below poverty level than national averageFollow this company data by On Numbers.

Nearly 30,000 of the 648,000 households in the Charlotte-Gastonia-Rock Hill market earn income and benefits worth more than $200,000 per year, according to the study. That represents 4.6 percent of the metro area’s households.

Raleigh-Cary leads North Carolina in the percentage of affluent households, placing 52nd on the national list, with 5 percent earning more than $200,000. Durham-Chapel Hill is a close second in the state, with 4.7 percent of that area’s households above the threshold. The Queen City ranks in third in the state.

The nation’s strongest concentration of high-end incomes can be found in southwestern Connecticut, where 16 percent of the households earn more than $200,000 annually.

More than 4 million U.S. households — 5.4 percent of the national total — are above the $200,000 threshold. Percentages tend to run higher in the biggest metro areas, where the cost of living is more expensive.

Click here for a national story and searchable database ranking the most affluent metro areas in the United States.

On Numbers used raw data from the Census Bureau’s 2010 American Community Survey to generate the rankings for 942 markets.

On Numbers is published by The Business Journals, online division of the Charlotte Business Journal’s parent, Charlotte-based American City Business Journals Inc. American City Business Journals Inc.Latest from The Business JournalsGloversville has highest poverty rate in state, Hudson has the lowestWashington ranks 4th on list of nation’s most affluent citiesWeinhagen returns to roots; buys the Saratoga and Glens Falls business journalsFollow this company

Jen Wilson coordinates the Charlotte Business Journal’s online operations, chronicles local events for CBJ Seen and takes photographs.

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