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Elegant-Interview-84 t1_ir3qf3u wrote

Newport area defense contract industry, newport brahimns, Prov Families

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ghostpepperlover t1_ir4wm47 wrote

Maybe a few Providence residents. However, Exeter/West Greenwhich has the states most affluent residents.

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Elegant-Interview-84 t1_ir4ztqa wrote

I meant Families, not families, but the capital F ones probably wouldn't have their wealth in a place where it could be recorded to make this graphic, so I guess I'm still wrong.

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internetrabbithole OP t1_ir3hzr4 wrote

I must admit I was a bit surprised. I imagine the size of the state is a factor (see Delaware)?

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CaribbeanCowgirl27 t1_ir5abn9 wrote

I’m not surprised. Comparing how most of my friends are doing in Florida, I realised we complain too much up here. We are quite fine in comparison to how the working class people in other states are doing.

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bassicallyverygreat t1_ir6knpz wrote

I don’t have time to provide citation right now but if you look up census bureau data yourself you can easily find that whoever made this figure messed something up…Rhode Island definitely has lower median household income than MA and CT. We rank about 15th last I checked.

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Il_vino_buono t1_ir5pl61 wrote

Junk data. Median average is a terrible way to measure fat-tailed social phenomena like income.

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InsanitysCandy t1_ir5wnur wrote

I just calculated basic numbers on a median calculator.

Here is the link if anyone is curious.

Median calculator

Edit: Basic numbers not basically.

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Il_vino_buono t1_ir66v55 wrote

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.

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KeepYrGlitterDry t1_ir53v31 wrote

We're on the top of the income heap? Kind of surprising

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huh_phd t1_ir5fgtz wrote

I love feeling above average

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