The Gini Coefficient-Income Inequality

Jul 26, 2016Research, Finances, Equal Opportunity

The Gini coefficient is a measure of inequality of variance. It is often applied to measure inequality of incomes in a particular area. A score of “0” on the Gini coefficient represents complete equality, i.e., every person has the same income. A score of 1 would represent complete inequality, i.e., where one person has all the income and others have none. Therefore, a lower Gini score is roughly associated with a more equal distribution of income, and vice versa. Utah shows the flattest income distribution in the United States, and Nevada falls in the middle of the pack.

See the data here.

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