In: Economics
Income: The 5 boroughs: Manhattan, Bronx, Queens, Brooklyn, Staten Island. (Census)
a) Make a graph comparing the poverty rate for all people in the 5 boroughs.
b) Make a graph comparing the median 2016 household incomes in the 5 boroughs.
c) Provide data analysis in 2-4 sentences
THe graphs and related data is uploaded according SAIPE survey
(Small area income and poverty estimates).Census is decennial It is
being conducted as of now for 2020.
The poverty rate is the ratio of the number of people (in a
given age group) whose income falls below the poverty line; taken
as half the median household income of the total
population.
Median income divides the income distribution range in
half, one with residents having incomes above the median, and the
other hald having income below the median.
Queens has th eowest poverty rate at 11.6 percent which means only
11.6 percent of the population in QUEENS has income below
32490.
Bronx has the highes tpoverty rate probably beavuse it has lowest
educated population which is 80%.Consequently it has the lowest
median income at 38085 $
Manhattan and staten island have similar median incomes and near
poverty rate as they also have higgest educated population at 89
and 88 percent respectively.