Some of Cabrini-Green’s remaining row houses on a site that once included homes for thousands of poor and working-class Chicago residents. With new developments, including luxury towers and condominiums, the area has the fastest-growing concentration of $200,000-plus households in America.
Photographer: Daniel Acker
Americans Earning Over $200,000 Are Flocking to These Neighborhoods
Everyone knows wealth is concentrating. This is where the rich are going.
U.S. unemployment is near a 50-year low, economic growth is brisk and the stock market—despite a disappointing 2018—has paid generous returns since the financial crisis of a decade ago.
But not for everyone. The chasm between rich and poor hasn’t been this wide since data collection began in the 1960s. Workers experience starkly different versions of America depending on which city or neighborhood they live in. One way to measure the economic fortunes of a place is by the concentration of households earning $200,000 or more, the highest threshold in the Census Bureau’s American Community Survey.