clock menu more-arrow no yes mobile

Filed under:

Map: the connection between race and money across America

Want to live in a place where people of different races have something approximating financial equality? Try Florida. And definitely avoid Minnesota.

The wealth gap between white and black households in America is greater than it's been since 1989. That's according to a recent report from Pew Research Center, which also found that the gulf between white and Hispanic households' wealth is at its highest since 2001.

Of course, all of this varies dramatically, depending on where you are. Personal finance website WalletHub, using data from the Census Bureau and Bureau of Labor Statistics, combined each state's wealth-gap statistics with a variety of other factors — ranging from the median household income gap to the unemployment rate gap — to measure the financial inequality among racial groups in each state and Washington, DC.

Here's a map of how each state stacked up (1 is the smallest gap and 51 is the largest):

Source: WalletHub

Minnesota, Rhode Island, and Nebraska have the widest racial financial gaps, while Florida, West Virginia, and Vermont have the smallest.

Check out a detailed accounting of the calculations, plus on information where your state ranks, here.