MONEY MONEY MONEY: The Korora-Emerald Beach area has been identified as an area of income inequality according to the latest wealth distribution figures.
MONEY MONEY MONEY: The Korora-Emerald Beach area has been identified as an area of income inequality according to the latest wealth distribution figures. Trevor Veale

Great dividing wage

NEW wealth distribution figures reveal the widest divide between the Coffs-Clarence region's "richest and the rest" lies in the Korora-Emerald Beach area.

The top 1% of earners took in 9.3% of the area's total income in 2012-13, according to new Australian Bureau of Statistics data.

Those in the highest 5% wage bracket earned 23.4% of the area's income, while the top 10% shared 34.7% of total earnings.

That left nine out of 10 working-age adults with less than two-thirds of the total wealth to split between themselves.

The rift may sound deep, but it is less severe than the New South Wales average and on par with Australia as a whole.

NSW emerged as the country's most disproportionate state or territory in terms of wealth distribution, with the top 1% taking home 10.5% of its income.

Sydney recorded the biggest gap of any major city as a whole with 11% of earnings going to the top one-in-a-hundred earners.

Suburbs Haymarket, The Rocks, Double Bay, Rose Bay and Vaucluse and the Sydney central business district were among the few areas with more than 22% of income going to the top 1%.

The stretch in northern NSW was most evident in Bangalow and Byron Bay (15.7% and 15.8%).

Generally speaking, the chasm between the rich and the rest in the Coffs-Clarence region was shallower than most of the state.

Only 6.7% of total income went to Grafton's richest one-percenters, with Coffs Harbour North and South both sitting about the 8% mark.

Oxfam last month revealed the world's 62 richest billionaires had accrued as much wealth as the poorer half of the world's population.

The report found the wealth of the poorest half of the international population had fallen by a trillion dollars since 2010.

This 38% drop occurred despite the global population increasing by around 400 million people over the five-year period.

WHAT THE TOP 1% EARNS OF THE TOTAL INCOME
Korora-Emerald Beach - 9.3%
Coffs Harbour North - 8.1%
Coffs Harbour South - 8%
Maclean-Yamba-Iluka - 7.8%
Grafton - 6.7%
Coramba-Nana Glen-Bucca - 6.5%
Dorrigo - 6.4%
Bellingen - 6.1%
Sawtell-Boambee - 5.9%
Woolgoolga-Arrawarra - 5.8%
Urunga - 5.7%
Grafton region - 5.4%