Income Inequality By City
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As income inequality has increased one feature of inequality has remained very much unchanged.
Income inequality by city. Gordon author of the rise and fall of american. From 2014 to 2016 12 metropolitan areas registered a statistically significant increase in. As several experts have pointed out including professor robert j. The rise in inequality in the united states which began in the late 1970s continues in the post great recession era.
This rising inequality is not just a story of those in the financial sector in the greater new york city metropolitan area reaping outsized rewards from speculation in financial markets. They include nigeria which has a gini coefficient of 0 64 in its major city lagos kenya with its capital city nairobi having 0 59 gini coefficient and lesotho with its capital maseru having 0 58 gini coefficient. A score of 1 would represent complete inequality i e where one person has all the income and others have none. Apart from brazil and south africa there are other countries which are experiencing high income inequality.
The gini coefficient is a measure of inequality of incomes or sometimes wealth across individuals. But while that pattern holds for the nation as a whole its interesting to note that in some places the black white income gap is much smaller. Income inequality looks at the distribution of income across individuals or households in a defined area such as a city or a country. Using data from the u s.
In contrast to the city pattern increases in metropolitan income inequality outnumbered declines. We then analyzed the gini coefficient for each city with over 100 000 people in america where the higher the coefficient the larger the higher the income inequality. Income inequality is a worsening issue in the united states in recent decades. Census bureau the.
A score of 0 on the gini coefficient represents complete equality i e every person has the same income. Nor does a low inequality ranking indicate prosperity. Income inequality is greater on the coasts and in the south than it is in the midwest according to a new report from the new york federal reserve. Santa ana california the city that scored as the least unequal has a per capita income of under 20 000 far below the national average.
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