CBS news has a post on their web site dated February 18, 2015.
They tell us that El Paso is the 8th poorest major city in the nation. The article says:
- Percentage of incomes under $25,000: 30.7%
- Percentage of population with bachelor’s degree: 22.7%
- Percentage of incomes over $150,000: 5.2% (#28, tied with Indianapolis)
- Total population: 660,795
Education and low wages are two of the biggest economic issues in this border city. The U.S. Census Bureau notes only 74 percent of El Paso residents ages 25 and older have a high school degree or the equivalent, compared to the national average of 85 percent. And lower levels of education often equal lower earning power. According to a recent Forbes survey of 100 metropolitan areas where people earn the biggest and smallest paychecks, El Paso was ranked 97, with median starting salaries of $39,600 and an overall median salary of just under $47,000.
Making this even more unfortunate is the fact that El Paso is now ranked as having the fifth highest property tax of the fifty largest cities in the United States in the “50 State Property Tax Comparison Study” published by the Lincoln Institute of Land Policy and the Minnesota Center for Fiscal Excellence.
Highest taxes, lowest incomes
Not quite but close. We have the fifth highest taxes and the eighth lowest incomes.
Stay tuned. Tomorrow we will look at the study in more detail.
We deserve better