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Which US state has highest Gini coefficient?

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Which US state has highest Gini coefficient?

Puerto Rico
Gini coefficient

# Entity Gini coefficient (2019)
1 Puerto Rico 0.5509
2 New York 0.5149
3 District of Columbia 0.5115
4 Connecticut 0.5024

What does a Gini coefficient of 0 mean?

perfect equality
The Gini index ranges from 0% to 100%, with 0 representing perfect equality and 100 representing perfect inequality.

Is 0.4 Gini coefficient good?

Relative to a Gini coefficient of 0, income or wealth is distributed quite equally. A coefficient between 0.3–0.4 indicates that there is adequate equality.

Is a Gini coefficient of 0 possible?

If all people have non-negative income (or wealth, as the case may be), the Gini coefficient can theoretically range from 0 (complete equality) to 1 (complete inequality); it is sometimes expressed as a percentage ranging between 0 and 100. In reality, both extreme values are not quite reached.

What state has the worst income inequality?

New York
This statistics shows the states in the United States by their gap between rich and poor as of 2019 as calculated using the Gini coefficient. New York was the state with the greatest gap between rich and poor with a Gini coefficient score of 0.51.

Which US states are most unequal?

Based on this, the five states with the highest income inequality in the United States are: New York (. 5102), Connecticut (….Here are the 10 states with the highest income inequality:

  • New York (51.02)
  • Louisiana (49.03)
  • California (49)
  • Connecticut (49)
  • Florida (49)
  • Massachusetts (48.26)
  • Georgia (48.16)
  • Texas (48.03)

Which country has lowest Gini coefficient?

Countries with the highest and lowest Gini coefficients. South Africa ranks as the country with the lowest level of income equality in the world, thanks to a Gini coefficient of 63.0 when last measured in 2014.

What is the Gini coefficient of USA?

In 2020, according to the Gini coefficient, household income distribution in the United States was 0.48. This figure was at 0.49 in 1990, which indicates an increase in income inequality in the U.S. over the past 30 years.

What does a Gini coefficient of 0.1 mean?

Gini index < 0.2 represents perfect income equality, 0.2–0.3 relative equality, 0.3–0.4 adequate equality, 0.4–0.5 big income gap, and above 0.5 represents severe income gap.

What does a Gini coefficient of 0.45 mean?

It is typically used to quantify income inequality in human populations, and in that case a gini index of 0 would mean that everyone earns exactly the same, while 1 would mean that one person earns all the money there is. A country like the United States has a gini index of 0.45.

What state is the poorest in the US?

Poverty rates were highest in the states of Mississippi (19.58%), Louisiana (18.65%), New Mexico (18.55%), West Virginia (17.10%), Kentucky (16.61%), and Arkansas (16.08%), and they were lowest in the states of New Hampshire (7.42%), Maryland (9.02%), Utah (9.13%), Hawaii (9.26%), and Minnesota (9.33%).

What is the United States Gini coefficient?

The United States has a Gini coefficient of 41.1.