Income Disparity In San Jose

Between 2017 and 2018 the population of san jose ca declined from 1 04m to 1 03m a 0 506 decrease and its median household income grew from 104 675 to 113 036 a 7 99 increase.

Income disparity in san jose. But the san jose metropolitan area had jumped from the 17th highest rate of income inequality in 2014 to the 6th highest rate in 2016. And san francisco county had the widest income disparity with the top 5 of households making an average of 808 105 compared with 16 184 for the lowest 20. In honolulu and san jose top incomes rose by an estimated 60 000 in two years time but did not. In san jose and throughout the country gini index is a major focus of the american community survey acs conducted each year by the u s.

Open access high quality wealth and income inequality data developed by an international academic consortium. The gini index or gini coefficient is a statistical measure of distribution that is often used to track economic inequality it measures how wealth is distributed in a given population. With the top 5 percent of households making an average income of 428 363 and the lowest 20 percent of households making an average income of 40 807 the income inequality ratio was 10 5. Levels of inequality in cities reflect broader income disparities in metropolitan areas.

San jose and san francisco were again at the top but switched spots from last year. In 2018 san jose ca had a population of 1 03m people with a median age of 37 and a median household income of 113 036. The san francisco and san jose metro areas have two of the highest levels of income inequality in the country according to a recent study a dubious distinction that helps explain why it s. On a national scale the income gap within the middle class rose by 12 800 to 85 200.

The widest gap is in san mateo county where the average income of the top 1 percent in 2013 4 2 million was 46 2 times more than the average income of the bottom 99 percent figure 2. The output is a value between 0 and 1.