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The phrase 'degree of inequality' is correct and usable in written English.
You can use this phrase to refer to the extent to which two or more things are unequal. For example: "A recent study showed a disturbing degree of inequality in the distribution of wealth in this country."
Exact(59)
With respect to Germany's health care system, the results of international comparative studies suggest that Germany has a medium degree of inequality and inequity [ 5, 6].
Underlying such plans is the assumption that some substantial degree of inequality is economically healthy.
The tax system can play an important role in moderating the degree of inequality.
"Surely," they will claim, "it is better to tolerate some degree of inequality if it energises the economy.
Research shows, though, that London and Birmingham are remarkably similar in the degree of inequality (7th and 8th worst, respectively).
Countries that have a high degree of inequality also tend to have less economic mobility across generations.
And the attempt to justify this on the grounds of austerity, given the present degree of inequality in our society, is absurd.
Rawls was no Marxist: this "difference principle" acknowledges that a productive, free society will be home to at least some degree of inequality.
When incomes are compared using PPP calculations, the degree of inequality shrinks, and so does the rate of widening.Many assume that PPP measures are always superior.
Evicted ends: "This degree of inequality, this withdrawal of opportunity, this cold denial of basic needs, this endorsement of pointless suffering – by no American value is this situation justified.
Similar(1)
Incomplete information about the retailer's degree of inequality aversion has the most explanatory power in regards to the suppliers' behavior.
More suggestions(20)
importance of inequality
magnitude of inequality
degree of disadvantage
degree of discrepancy
course of inequality
dose of inequality
degree of injustice
measurement of inequality
level of inequality
degree of imbalance
range of inequality
extent of inequality
proportion of inequality
degree of unfairness
degree of unequal
degree of lack
degree of instability
degree of divergence
degree of equalization
degree of differential
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com