Suburbs were once a haven for advantaged, White families to avoid city life and access high-status schools. This urban-suburban divide, however, has changed in recent decades as suburban communities (and their school districts) have diversified. This study provides an updated cross-sectional portrait of recent racial-ethnic segregation and inequality between and within urban and suburban school districts in U.S. metropolitan areas. We find that the urban-suburban divide remains an important stratifying force--a substantial portion of racial-ethnic residential and school segregation, as well as racial-ethnic inequality in school poverty and test scores, occurs between urban and suburban school districts. Significant segregation and inequality also occur between and within suburban school districts. Suburban stratification is a key feature of the geography of inequality, warranting theoretical and methodological attention.