Miami has the biggest income inequality in the country among cities with populations of at 250,000, per Bloomberg, jumping six spots in the last year.
The study utilizes the Gini coefficient, measuring "the distribution of household income using 2015 data from the U.S. Census Bureau's American Community Survey." The Top 10 is below:
Why such a disparity in the Magic City?
What's happening? Middle-income jobs have all but disappeared over the years in the South Florida city, sending residents to either the low end or the high end of the spectrum.
"Miami-Dade now has more jobs than it had in 2007," said Kevin Greiner, senior fellow at the Florida International University Metropolitan Center. "The problem is that the quality, and the wages, and the income of those jobs created have been significantly lower than they were in the past."
The study found some staggering numbers, how from 2014 to 2015 income disparity in Miami "grew a whopping 16.8 percent."