Viewing a single comment thread. View all comments

statsnp OP t1_j986ed2 wrote

Reply to comment by Crank810 in [OC] Median 1 Bedroom Apartment Rent And Per Capita Income For US Cities by statsnp

Median Income Data only exists for Median Household income (at least reliable data I could find). So because I assumed one person would live in a one bedroom apartment, and median household income often represents more than one earning resident I chose Average Income to estimate the income per one person.

In the future I may investigate using median household then normalize by the number of workers per household. This might be more representative of a median income, but requires more statistical analysis.

1

the_6th_dimension t1_j99b9pc wrote

I think the main concern here is how astronomically positively skewed average income is. Because of this median and mean are going to differ considerably but the median will more closely represent more people.

Also, if they have the data to calculate average individual income they necessarily have the data to calculate median individual income (because they are the same data).

Edit: typo

5