Submitted by internetrabbithole t3_xvwvyu in RhodeIsland
Il_vino_buono t1_ir66v55 wrote
Reply to comment by InsanitysCandy in Median Household Income (county and state levels - 2020) [OC] by internetrabbithole
I walk into my local Dunkin, and see five of neighbors waiting for coffee. I survey them and learn that 3x make $60k a year, one makes $90k, and the last one makes $130k. The median is $80k, pretty close to the average you shared here. However, this data does not really tell you what the “average” person makes in your neighborhood. Someone making $250k could easily live next to a pensioner making $30k. Taleb does a great job explaining the asymmetric nature of social data in “Fooled by Randomness.”
In short, I really have no idea what the average income is in RI with a simple median income calculation.
InsanitysCandy t1_ir67qdb wrote
I was trying to back up your point but I suck at commenting 😔
Il_vino_buono t1_ir67yap wrote
😂✋
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