On average, in the City of Buenos Aires the income of the population of The northern areas are 93.5% higher than those in the southern areaaccording to data for the fourth quarter of 2023 prepared by the Directorate of Statistics and Censuses of Buenos Aires.
At the same time, during the past year Families in the South have seen a drop in income in relation to higher inflation than that of the Northern area, at the same time inequality was accentuated. It is estimated that due to the higher inflation recorded in the first months of 2024, this worsening has worsened.
This gap only considers the total income from work and non-work, such as social assistance. It does not take into account, for example, housing conditions or proximity to flood zones, as is currently the case.
The neighborhoods included in the southern area are La Boca, Barracas, Nueva Pompeya, Villa Riachuelo, Villa Soldati, Villa Lugano and Mataderos.
According to the official report from Buenos Aires:
- He The total median household income was $565,633, which represents an increase of 159.2% compared to the same period of the previous year, 10.2 points lower than that corresponding to the IPCBA. “On significantly lower values, families residing in the South of the City had an increase on an annual basis of 155.5% (salary of ($452,138), lower than those in the North, whose increase was 174% (at 700,291 dollars). In the Center, overall family income increased by 154.3%”, reads the Report.
- Per capita household income averaged $298,006, 165.2% more than that recorded in the same quarter of 2022. In families on the north side of the city, income was $428,907while in The Center was $281,587 and the South was $190,916. “Families in the North, in addition to having better individual incomes, have fewer members on averagewhich is why they have a higher per capita family income, which is more than double that of the South”.
- The 30% of families with the lowest per capita income represent 38.5% of the population, but only 12.9% of total income. At the same time, the top 30% comprise 23% of residents and more than half of the income bracket (53.1%).
- The lowest 10% of employed workers received less than $80,000 in his main occupation. In reverse, The top 10% of income earners were over $700,000. On average, the bottom ten earned 23 times more than the top.
- Income distribution: measurements for both individuals and families worsen.
- The Gini coefficient of total household income was 0.427 (compared to the same period the previous year, when it was 0.399, the higher the inequality). For the population, family income per capita rose to 0.446 (from 0.411 a year earlier). Something similar occurred for the employed population, for which the Gini for income from main occupation was equal to 0.425, higher than that corresponding to the same period in 2022, when it was equal to 0.388.
The Gini coefficient of income is a measure of inequality in income distribution. If the coefficient increases the income distribution worsens, if it decreases inequality decreases.
Source: Clarin
