Via Shutterstock

Via Shutterstock

It’s no secret that D.C. has a wage gap problem. Last week, The D.C. Fiscal Policy Institute released a report that, among other things, highlighted that the wage gap between D.C.’s low-income workers and high-income workers is the highest it’s been in 35 years.

Additionally, DCFPI’s report highlighted how the wage gap disproportionately affects the city’s black and Latino residents. But how does D.C.’s financial gap by race compare to the rest of the country? Not very well.

Source: WalletHub

According to a new report from WalletHub, D.C.’s financial gap by race is among the highest in the country—seventh actually, compared with all 50 states. By analyzing 21 “key metrics” among difference races, which range from statistics like the median household income gap, to the unemployment rate, to the homeownership rate, to the poverty rate gap, educational attainment rate gap, and the uninsured rate gap, WalletHub was able to come up with their rankings.

Of the 50 states (and D.C., which, I know, isn’t a state, but always gets included in these national reports anyway), D.C. ranked 45, meaning that it’s seventh from the bottom of the list of states with the highest financial gap by race. Through the 21 metrics WalletHub looked at, D.C. actual had the highest median household income gap as well as the highest educational attainment gap among people with a Bachelor’s degree or higher.



Source: WalletHub

And it didn’t fare well in the other categories: 43rd in the poverty rate gap; and 34th in the uninsured rate gap.

Meanwhile, our neighbors in Maryland and Virginia actually ranked low on the list, tying at 11th place for the lowest financial gaps by race in the country.