area has the 19th highest median household income in the United States.
For many years, the disparities between white and people of color has remained
among those in the five worst metropolitan areas in the U.S, and often either
the worst or second greatest disparities. In my view, this is more accurately
described as an economic and social apartheid.
19. Minneapolis-St. Paul-Bloomington, MN-WI
> Median household income: $76,856
> Households earning $200,000 or more: 9.2%
> Adults with a bachelor’s degree: 41.7%
> March 2019 unemployment: 3.6%
Minneapolis-St. Paul is the only metro area in the Midwest to rank on this
list. The typical Twin Cities household earns nearly $77,000 a year, about
$16,500 more than the typical American household. Incomes tend to rise with
educational attainment, and not only is Minneapolis one of the wealthiest metro
areas in the country, but also it is one of the best educated. About 42% of
adults in the metro area have a bachelor’s degree or higher, well above the 32%
share of American adults nationwide with similar education. Several Fortune 500
companies, including 3M, Best Buy, and UnitedHealth Group, are headquartered in
the metro area.
The wealthiest is the San Jose, California metropolitan area.
Arthur T. Himmelman
Loring Park