Income Data Shows Widening Gap Between New York City’s Richest and Poorest

Nearly 1.7 million city residents were officially classified as poor, or with an income of less than $18,530 for a family of three. Some 750,000 were subsisting on less than half the poverty level. In Manhattan, the disparity was even starker. The lowest fifth made $9,681, while the highest took home $391,022. The wealthiest fifth of Manhattanites made more than 40 times what the lowest fifth reported, a widening gap (it was 38 times, the year before) surpassed by only a few developing countries, including Namibia and Sierra Leone.

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