Metro area shares of total national income and national top 1% percent income, and relative concentrations of national top 1% income, 2015
Panel A. Top 10 metropolitan areas by share of national top 1% income
| Rank (from highest to lowest share of national top 1% incomes) | Metropolitan area | Share of total national income | Share of national top 1% income | Ratio of shares (concentration) | Rank (from highest to lowest ratio) |
|---|---|---|---|---|---|
| 1 | New York-Newark-Jersey City, NY-NJ-PA | 8.73% | 14.87% | 1.7 | 12 |
| 2 | Los Angeles-Long Beach-Anaheim, CA | 4.67% | 6.46% | 1.4 | 26 |
| 3 | San Francisco-Oakland-Hayward, CA | 2.79% | 5.01% | 1.8 | 10 |
| 4 | Chicago-Naperville-Elgin, IL-IN-WI | 3.47% | 4.25% | 1.2 | 34 |
| 5 | Boston-Cambridge-Newton, MA-NH | 2.27% | 3.59% | 1.6 | 17 |
| 6 | Miami-Fort Lauderdale-West Palm Beach, FL | 1.91% | 3.58% | 1.9 | 8 |
| 7 | Houston-The Woodlands-Sugar Land, TX | 2.47% | 2.98% | 1.2 | 35 |
| 8 | Dallas-Fort Worth-Arlington, TX | 2.56% | 2.84% | 1.1 | 41 |
| 9 | Washington-Arlington-Alexandria, DC-VA-MD-WV | 2.83% | 2.74% | 1.0 | 60 |
| 10 | San Jose-Sunnyvale-Santa Clara, CA | 1.30% | 2.60% | 2.0 | 7 |
Panel B. Top 10 metropolitan areas by the ratio of share of national top 1% income to share of total national income
| Rank (from highest to lowest ratio) | Metropolitan area | Share of total national income | Share of national top 1% income | Ratio of shares (concentration) | Rank (from highest to lowest share of national top 1% incomes) |
|---|---|---|---|---|---|
| 1 | Jackson, WY-ID | 0.04% | 0.13% | 3.1 | 88 |
| 2 | Naples-Immokalee-Marco Island, FL | 0.22% | 0.62% | 2.9 | 28 |
| 3 | Bridgeport-Stamford-Norwalk, CT | 0.74% | 1.91% | 2.6 | 13 |
| 4 | Key West, FL | 0.04% | 0.11% | 2.6 | 98 |
| 5 | Summit Park, UT | 0.03% | 0.07% | 2.3 | 130 |
| 6 | Sebastian-Vero Beach, FL | 0.06% | 0.13% | 2.2 | 86 |
| 7 | San Jose-Sunnyvale-Santa Clara, CA | 1.30% | 2.60% | 2.0 | 10 |
| 8 | Miami-Fort Lauderdale-West Palm Beach, FL | 1.91% | 3.58% | 1.9 | 6 |
| 9 | Hailey, ID | 0.01% | 0.03% | 1.9 | 244 |
| 10 | San Francisco-Oakland-Hayward, CA | 2.79% | 5.01% | 1.8 | 3 |
Notes: Panel A shows the 10 metro areas with the highest shares of national top 1% income, out of 916 metro areas nationwide. Share of total national income is the metro area’s total income as a share of total national income. Share of national top 1% income is the total income of families in the metro area who are in the national top 1%, as a share of all national top 1% income in the U.S. Panel B shows the 10 metro areas with the highest concentrations of national top 1% income (measured as the ratio of the metro area’s national top 1% share to the metro area’s total income share). Incomes are in 2015 dollars. Data are for tax units. Threshold for entering the national top 1% in 2015 was $421,926.
Source: Authors’ analysis of county- and state-level tax data from the Internal Revenue Service SOI Tax Stats (various years) and Piketty and Saez 2016