Posts Tagged ‘Economy’

Which Neighborhood In San Francisco Has the Highest Average Income?

March 3, 2015

What neighborhood has the highest average income in the City of San Francisco? Surprisingly, it’s not the well-known neighborhoods in the Northern part of San Francisco like Pacific Heights, Presidio Heights, Cow Hollow or the Marina. It’s actually West Twin Peaks and Noe Valley, both in the Southern part of the city. We would surmise this has something to do with the explosion of wealth in Silicon Valley and the desire of dot-commers to live in San Francisco. Worth noting is Portrero Hill and Bernal Heights, also in the Southern part of the city and also with significant average income.

Of course, if you go North to Marin or South to San Mateo County, you will find neighborhoods with substantially higher average incomes.

Image 1 - San Francisco, Marin & San Mateo Average Income Map

Image 1 – San Francisco, Marin & San Mateo Average Income Map

Image 2 - San Francisco Area Census Data

Image 2 – San Francisco Area Census Data

— Data Source: ACS (American Community Survey)

— Compiled by: Staff at Webster Pacific

Income Share of Top 1% by Geographic Region

February 4, 2015

Income share of top 1% by geographical location

According to Economic Policy Institute, the Northeastern United States holds the highest share of the top 1% income, followed by the West Coast. The Midwest holds the lowest share.

–Source The Economic Policy Institute

 

 

US Federal Investments as a Percentage of GDP is Lessening with Time

January 21, 2015

Federal Investment as a share of GDP

The US federal government’s investments as a percentage of GDP is decreasing over time. This decrease is observed for both Defense and Non-Defense related things like roads, education and R&D.

–Source: The New York Times

 

Low Taxes in the US Causing Income Inequality to be High

November 21, 2014

The United States has the highest income inequality among comparable nations. The left-side graph depicts the US as having a favorable Gini coefficient (a measure of income inequality) without taxes. After taxes and government transfers are factored in, the US becomes highly unequal. One of the reasons for this trend is that, although the US uses progressive taxation, the tax rates are significantly lower than the international standard and social welfare programs are also much less generous.

–From The New York Times

New Home Value Indicies Show Owners Over-Value Homes during a Crisis

November 4, 2014

Quicken Loans released two new indices, the ‘Home Value Index’ and the ‘Home Price Index,’ as depicted in the graph above.  These indices reveal that homeowners overvalue their homes in times of economic crisis. This can be seen in the graph where home values are significantly overstated by homeowners during the 2008-09 financial crisis. The opposite effect is seen when the market is rebounding:  homeowners tend to undervalue their homes.

–From Quicken Loans Press Room

Real US GDP Shrank in First Quarter of 2014

May 29, 2014

The real US GDP growth rate declined this quarter and is now at -1%, the first quarter of negative growth since 2011. Nominal GDP is up 11.7 billion, to $17.1 trillion. Click the chart to see our detailed GDP report.

–data from the St. Louis Federal Reserve

Corporate Profits as % of GDP

October 15, 2012

From Michael at “Power Line Is Wrong”, hard to refute the evidence that corporate America has figured out how to make money even though America hasn’t figured out how to be sustainable.

Graph shows US corporate profits as % of US GDP.

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