Last week, shortly after the U.S. Census Bureau released its data on the distribution of income in the United States for 2013, we generated our tool that lets you estimate what your income percentile might be. Today, in response to a request from one of our readers, we're going to go in the opposite direction!
Our tool below reverses the math we originally developed to model the cumulative distribution of income in the U.S. to instead estimate the income that approximately corresponds to a given income percentile. All you need to do is to enter the income percentile for which you're interested in estimating the corresponding income, and we'll put you within a few percentage points of it!
If you're reading this article on a site that republishes our RSS news feed, click here to access a working version of this tool!
The tool above should be most accurate in the range of incomes that fall between the tenth and ninety-fifth percentiles for each group, which is an artifact of the original data, which doesn't provide much detail for the distribution of income at these extreme ends of the income spectrum.
Labels: demographics, income distribution, tool
Welcome to the blogosphere's toolchest! Here, unlike other blogs dedicated to analyzing current events, we create easy-to-use, simple tools to do the math related to them so you can get in on the action too! If you would like to learn more about these tools, or if you would like to contribute ideas to develop for this blog, please e-mail us at:
ironman at politicalcalculations
Thanks in advance!
Closing values for previous trading day.
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