Income provides information on a region’s level of prosperity and can highlight inequality and cost of living differences. Erratic growth, no-growth, or long-term decline in this indicator is generally an indication of a struggling economy. The benchmarks below indicate median household income.
Income distribution reveals how wealth is spread across a community, indicating economic equality or disparity. It also helps identify the presence of high-net-worth individuals who can invest in local businesses and startups, driving economic growth.
Per Capita Income
The Gini index measures income inequality within a population. High inequality can hinder economic development by limiting access to resources and opportunities for marginalized groups.
Which regions have experienced income decline or growth? How might this determine where you locate services?
How does median income change compare to other regions? Why might this disparity exist?
