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Income Inequality (Gini Index)

• Minneapolis consistently outperformed most of the MSAs.
• Miami remained at the bottom of the chart in terms of competitive position for all the years.
• Income inequality has been increasing for most of the MSAs, including Tampa Bay, until 2018. It declined slightly in 2019.
• The Tampa Bay MSA鈥檚 competitive position has declined over the years, until 2017. It then rose sharply from 18 in 2017 to 10 in 2019.

About: Income inequality refers to the extent to which income is disributed in an uneven manner among the population. Income inequality is measured by Gini Index, which ranges from 0 to 1. Gini Index of 0 implies perfect income equality, i.e., every individual receives equal share. Gini Index of value 1 indicates perfect income inequality, which implies that only one individual receives all the income.
Source: U.S. Census Bureau, American Community Survey.

Income Inequality

Income Inequality Trend

Competitive Position Trend