Income inequality is a growing problem in the United States. Perhaps more evident now than in any time in recent memory, conspicuous consumption is juxtaposed with abject poverty in cities and towns across the country. While the rich and poor often live side by side, in some American towns, serious financial hardship is a daily reality for most who live there.
In every state, there are towns where the median household income falls well below the state and national median incomes. In over a dozen states, there are towns in which the typical household earns less than half the income that a typical household statewide earns.
24/7 Wall St. reviewed the median annual household income in every American town to identify the poorest town in each state. Even in wealthy states like Maryland and New Jersey there are towns that rank among the poorest in the country.