BUSINESS + ECONOMY

Utah ranks first in nation for equal distribution of income

Sep 13, 2018, 9:12 AM | Updated: 1:47 pm
(Photo: Carter Williams, KSL.com)...
(Photo: Carter Williams, KSL.com)
(Photo: Carter Williams, KSL.com)

SALT LAKE CITY — Utah is now the number one state in the nation for having equality of incomes, meaning residents are relatively equal when it comes to the distribution of income between low and high earners.

“We don’t have a lot of really high earners, and we don’t have a lot of people on the other end. We have a lot in the middle,” says Lecia Langston, Senior Economist for the Department of Workforce Services.

Estimates released late Wednesday from the U.S. Census Bureau show part of the reason for this equal distribution of income is that Utah’s median incomes are up and poverty is down, thanks to the state’s booming economy.

Langston also cites Utah not have a lot of big corporate headquarters there aren’t a lot of really high paying owners, she also notes Utah has the youngest median age in the nation which cancels out some of the top earners.

 

We want to hear from you.

Have a story idea or tip? Send it to the KSL NewsRadio team here.

Today’s Top Stories

Business + Economy

vivint center with all-start weekend design is shown, black Utah businesses got good traffic over a...
Adam Small

Black-owned businesses look to further their reach following All-Star weekend

Black businesses in Utah will be featured every weekend in April. The goal is to get people familiar with their community and local businesses.
5 days ago
One of Dunkin's most recognizable drinks has disappeared. The Dunkaccino has quietly been pulled fr...
Jordan Valinsky, CNN

Twenty years later, Dunkin’ is retiring the fan-favorite Dunkaccino

Dunkin' didn't specify why the drink is no more, but fast food chains regularly change their menus and eliminate underperforming items.
5 days ago
File - Customers stand in a queue outside a branch of the Northern Rock, the British mortgage lende...
Associated Press

Parent of Silicon Valley Bank seeks bankruptcy protection

SVB Financial Group is no longer affiliated with Silicon Valley Bank after its seizure by the Federal Deposit Insurance Corp.
5 days ago
Utah Gov. Spencer Cox and state leaders were apparently preparing to be the backstop for short-term...
Curt Gresseth

Our Banks, Our Savings: Top consumer takeaways with a financial expert

A financial expert joins the show to talk about the financial takeaways you could have learned after the collapse of two US banks.
6 days ago
Eleven of the biggest U.S. banks Thursday announced a $30 billion rescue package for First Republic...
KEN SWEET AP Business Writer

Big banks create $30B rescue package for First Republic

It's an effort to stop the California-based bank from becoming the third to fail in less than a week.
6 days ago
Utah Gov. Spencer Cox and state leaders were apparently preparing to be the backstop for short-term...
Lindsay Aerts

Utah considered acting as backstop to Zions Bank emergency loans after SVB collapse

The loan program was being created just days before Zions Bank would face public worries over a potential credit rating downgrade.
6 days ago

Sponsored Articles

Cheerful young woman writing an assignment while sitting at desk between two classmates during clas...
BYU EMBA at the Marriott School of Business

Hear it Firsthand: 6 Students Share Their Executive MBA Experience at BYU’s Marriott School of Business

The Executive MBA program at BYU offers great opportunities. Hear experiences straight from students enrolled in the program.
Skier being towed by a rider on a horse. Skijoring....
Bear Lake Convention and Visitors Bureau

Looking for a new winter activity? Try skijoring in Bear Lake

Skijoring is when someone on skis is pulled by a horse, dog, animal, or motor vehicle. The driver leads the skiers through an obstacle course over jumps, hoops, and gates.
Banner with Cervical Cancer Awareness Realistic Ribbon...
Intermountain Health

Five common causes of Cervical Cancer – and what you can do to lower your risk

January is National Cervical Cancer Awareness month and cancer experts at Intermountain Health are working to educate women about cervical cancer.
Kid holding a cisco fish at winterfest...
Bear Lake Convention and Visitors Bureau

Get ready for fun at the 2023 Bear Lake Monster Winterfest

The Bear Lake Monster Winterfest is an annual weekend event jam-packed full of fun activities the whole family can enjoy.
happy friends with sparklers at christmas dinner...
Macey's

15 easy Christmas dinner ideas

We’ve scoured the web for you and narrowed down a few of our favorite Christmas dinner ideas to make your planning easy.
Spicy Homemade Loaded Taters Tots...
Macey's

5 Game Day Snacks for the Whole Family (with recipes!)

Try these game day snacks to make watching football at home with your family feel like a special occasion. 
Utah ranks first in nation for equal distribution of income