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Among Largest Metro Areas, Buffalo Has Fewest High-Income Households

12:29 PM, Feb 14, 2013   |    comments
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by Joseph Spector - Gannett Albany Bureau

The Buffalo-Niagara Falls area has the lowest percentage of high-income households among the 50 largest metropolitan areas, according a report this week from the U.S Census Bureau.

The so-called Gold Coast in Connecticut, which includes the enclaves of Greenwich, Stamford and Norwalk, had the highest: 17.9 percent had a household income of at least $191,469.

The New York City area, which includes Long Island and the lower Hudson Valley, ranked sixth on the list, with about 10 percent of its population considered high income.

The Buffalo-Niagara Falls MSA, which is the 49th largest in the country, had 3.2 percent of its population at or above the high-income threshold.

Updated: The Census Bureau responded to a request for more information about other metropolitan areas. The data show that the Rochester area had 3.4 percent of its household were high income. It was nearly 6.7 percent in the Poughkeepsie area, and 2.7 percent in the Binghamton area.

Among New York counties, Manhattan had the highest percent of high-wealth households at 17.6 percent. Westchester was second at 17.5 percent, followed by Nassau, Rockland and Putnam counties.

At the lower end, Chautauqua County had the fewest high-income households, at less than 1 percent.

"This report addresses one aspect of the growing interest in income distribution by examining the geographic spread of high-income households," said David Johnson, chief of the Census Bureau's Social, Economic and Housing Statistics Division, in a statement.

acsbr11-23 by jspector

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