Real Estate

How Prosperous Is Your Long Island ZIP Code? New Data Reveals Wealth Gap

​Your address is becoming more of a factor on how well off you are — including the size of your paycheck and your education level.

Your address is becoming more of a factor on how well off you are — including the size of your paycheck and how much education you've obtained.

The widening gap in economic inequality between the top 1 percent of income-earners and everyone else was a hot-button issue in last year's presidential election, and the disparity appears to apply within smaller communities as well — a troubling trend as Americans are less able now than at any point in modern history to uproot their lives and relocate to greener pastures, according to the 2017 Distressed Communities Index by the Economic Innovation Group.

Axios published the report along with a nifty tool for breaking down prosperity right to individual ZIP codes. About 52 million people live in economically "distressed" ZIP codes.

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In New York, 25.8 percent of the population live in prosperous areas while 11..5 percent live in distressed areas.

"America’s elite zip codes are home to a spectacular degree of growth and prosperity— hubs of innovation and progress seemingly immune to the concerns over automation, globalization, or lack of upward mobility that pervade national headlines," the study said. "However, outside of those top communities, economic well-being is often tenuous at best. And, at worst, millions of Americans are stuck in places where what little economic stability exists is quickly eroding beneath their feet."

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In the U.S., a total of 52.3 million Americans live in economically distressed communities while 84.8 million Americans live in prosperous communities.

The study looked at the relationship between the well-being of a particular community and various important factors, including people’s health, public assistance spending, demographics and political representation.

To see how your ZIP code fared, check out the interactive maps below, or input your ZIP code by clicking here.

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