Miami Stats

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Category: Output & Income (page 2 of 2)

Poverty is Worse Than You Think in Florida

The official poverty rate has been criticized for decades. Based on traditional poverty measures, an estimated 45.7 million Americans live in poverty. However, when taxes, medical bills, and other expenses as well as benefits and assistance programs are accounted for the figure rises to about 47.8 million. This difference of 2.1 million Americans living above […]

Airplanes and Airplane Parts are the Top Selling Products in Florida

The United States exported a total of $2.26 trillion worth of goods and services in 2015, down slightly from a record high of $2.38 trillion in 2014. Exports accounted for an estimated 12.6% of total U.S. GDP and were a significant part of every state’s economy. Without exception, each state in the country exported more […]

Ambulatory Health Care Services is the Largest Industry in Florida

Dozens of industries across all 50 states comprise the U.S. economy — the world’s largest economy accounts for more than a quarter of global GDP. Several states, including California and New York, generate more output than several countries, including Belgium, Poland, and Turkey. Texas’s largest industry alone produces more in economic output than the entire […]

Tax Revenue From Marijuana in Florida Could Be $557 Million

Four states and the District of Columbia have voted since 2012 to legalize the retail sale of marijuana. One main incentive of legalization is the tax revenue states receive from marijuana sales. The first two states to legalize marijuana — Colorado and Washington — began sales in 2014. After a slow start, tax revenues now […]

Jimbo Fisher is the Highest Paid Public Employee in Florida

Nick Saban, head coach of the men’s football team at the University of Alabama, is paid more than $7 million annually. He is the highest paid employee of all U.S. workers employed by a local or state government. In the vast majority of states, college football and basketball coaches are the highest paid public employees. […]

Florida is the 13th Poorest State in America

The U.S. Census Bureau released on Wednesday new data from its 2015 nationwide population survey. According to the annual survey, the national median household income rose to $55,775 in 2015. No state reported income declines. While 39 states reported significant increases in household income, income levels in 11 states remained the same. 24/7 Wall St. […]

Miami has the 8th Widest Gap Between Rich and Poor

The nation’s wealthiest residents have controlled a disproportionately large share of all income for many decades. In 2001, however, that proportion became a majority share. Since 2007, the shares of income controlled by the wealthiest and poorest 20% of households have steadily diverged. In other words, income inequality has been on the rise. Based on […]

Florida is the 11th Most Valuable State

A recent study estimates that the combined value of all land in the contiguous United States is worth nearly $23 trillion. The most valuable state, according to the survey, is California, which accounted for 17% of the total value of the 48 bordering states. New Jersey, however, had the most valuable real estate relative to […]

Florida Has the 7th Fastest Growing Economy

The U.S. economy grew 2.4% in 2015. This is the most the economy has grown in more than five years, and is a slight improvement on 2014’s 2.2% growth. The economies of all but two states grew in 2015, some substantially more than others, and for a variety of reasons. California and Oregon each grew […]

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