Thursday, October 17, 2013

Income Inequality Followup

The Bain Center will be closed in the morning of Thursday, Oct. 24

Here is the local inequality for near Howard County. This was emailed by Ken and added as a comment to the previous post. Remember, from Norm's presentation, that the Gini Coefficient is between zero and one, where zero is perfect equality and one is perfect inequality.



First, here’s Howard County vs. nearby counties and other jurisdictions:
RankCountyMedian Household IncomeGini Coefficient
1Loudoun County VA$117,8760.3670
2Howard County MD$108,8440.3909
3Fairfax County VA$107,0960.4229
5Arlington County VA$100,4740.4294
11Montgomery County MD$94,9650.4504
12Prince William County VA$93,7440.3710
15Charles County MD$90,8800.3937
18Anne Arundel County MD$89,1790.4119
19Calvert County MD$87,4490.4090
21St Marys County MD$86,3580.3779
38Alexandria city VA$81,1600.4404
39Frederick County MD$80,7650.3827
42Carroll County MD$80,0280.3858
90Prince Georges County MD$69,8790.3951
116District of Columbia$66,5830.5343
148Baltimore County MD$62,4440.4396
713Baltimore city MD$39,2410.5008
and then Maryland vs. other high-income states and the U.S. as a whole:
RankCountyMedian Household IncomeGini Coefficient
1Maryland$71,1220.4473
2New Jersey$69,6670.4718
3Alaska$67,7120.4232
4Connecticut$67,2760.4915
5District of Columbia$66,5830.5343
6Hawaii$66,2590.4257
7Massachusetts$65,3390.4813
8New Hampshire$63,2800.4298
9Virginia$61,7410.4661
10Minnesota$58,9060.4441
United States$51,3710.4757

5 comments:

  1. This comment has been removed by a blog administrator.

    ReplyDelete
  2. Maryland income inequality is closest to Minnesota, Could this be proof that Lake Wobegon is the archetype of Columbia where all the kids are you know what?

    Here is the website for those who want to know more about the 1%. Use the 'hover' feature to get brief summaries of the subcategories before you click,

    Copy and Paste the following in your browser.
    http://www.nytimes.com/packages/html/newsgraphics/2012/0115-one-percent-occupations/

    ReplyDelete
  3. I looked at the chart it was very informative. I wish they showed what was their level of wealth in terms of dollars as well as percentages.

    ReplyDelete
  4. The bottom of the income bracket apparently starts $380,000 and goes to ???
    For an interesting article on the 1% click on the link below.

    http://www.nytimes.com/2012/01/15/business/the-1-percent-paint-a-more-nuanced-portrait-of-the-rich.html?ref=business&_r=0

    ReplyDelete
  5. That's interesting. I thought that to be in the upper 1% you would have to earn at least a million. Do you have the income and wealth breakdown so I could find out which percentile I belong in?

    ReplyDelete

The easiest way to comment

1) In "Comment as:", select the profile for "Name/URL" which is second from last in the list

2) Fill in your name but leave URL blank, then click continue

3) Type your comment in the comment box, then click the "Publish" button at the bottom