Study: Miami’s Poor Are Getting Richer

Income inequality in Miami eased in 2013, according to newly released statistics by the Brookings Institution.

Between 2012 and 2013, those in the 20th income percentile saw income rise by 9% for the year. Those in the 95th percentile also saw their income rise, but only by 2.5%. That means that the poor gained on the rich for the year as the construction boom revved up.

While the boom has been beneficial to construction workers, some developers have complained about rising labor costs.

As with most big U.S. cities, Miami still has a high ratio of income inequality. In 2013, Miami ranked as having the fourth highest ratio of income inequality (lower than in previous years), below only Atlanta, Boston and San Francisco.

 

(photo:phillip pessar/flickr)