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"The Richest (and Poorest) Places in the U.S." - 8/31/2007 1:45:51 PM   
Vendaval


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The Richest (and Poorest) Places in the U.S."
 
by Les Christie
Thursday, August 30, 2007

 
Provided by CNN Money.com
 
"Maryland knocked New Jersey out of the top spot this year, while Mississippi and West Virginia were the poorest states in the Union.
 
Maryland is now the wealthiest state in the union, as measured by median household income, according to the latest stats from the Census Bureau.
The typical Maryland household earned $65,144 in 2006, propelling it past New Jersey, which came in second with earnings of $64,470, but had led the nation in 2005. Connecticut finished in third place both years, recording a median income of $63,422 in 2006.

Maryland's income was nearly double that of Mississippi, which, with a median of $34,473, was the nation's poorest state. West Virginia, where the median household earned $35,059, was second poorest and Arkansas, at $36,599, was third.

The median income for the United States as a whole came to $48,451.

Income growth was highest in the District of Columbia, where it rose 6.4 percent for the year. Median income in both Nevada and New Mexico jumped 4.5 percent. Delaware, down 2.9 percent, took the biggest dip, followed by Rhode Island (down 2.0 percent) and Maine (down 1.6 percent).

Among places with 250,000 or more residents, the affluent Dallas suburb of Plano, Texas, boasts the highest median income: $77,038. San Jose came in second at $73,804 and San Francisco was third with $65,497.

The list of the 10 poorest cities was filled with mostly old, northeastern and mid-western industrial locales. Cleveland had the lowest median income of any city in the nation with more than 250,000 residents; households there earned just $26,535. Miami was the next poorest at $27,088, followed by Buffalo ($27,850), Detroit ($28,364), St. Louis ($30,936) and Cincinnati ($31,103).

Other poor sun-belt cities included Memphis ($32, 593) and El Paso (33,103). With median income of $33,229, Philadelphia was the only city among the nation's 10 biggest that was also among the 10 poorest cities.

Among towns of between 65,000 and 250,000 in population, Yorba Linda, California, where six-figure incomes are the rule, had the highest median income at $121,075. The Orange County town is considerably wealthier than the second place city, Pleasanton, California, in the Bay area, which had a median income of $105,956.

The lowest income town of any with more than 65,000 population was Youngstown, Ohio at $21,850, which finished last by a large margin. Muncie, Indiana was its closest rival for this dubious distinction, with residents there earning $25,859, a difference of 18 percent."

http://finance.yahoo.com/real-estate/article/103432/The-Richest-(and-Poorest)-Places-in-the-U.S.?mod=oneclick


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RE: "The Richest (and Poorest) Places in the U.S.&... - 8/31/2007 4:07:22 PM   
seeksfemslave


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The median can be used to disguise the truth of the matter. It means the one in the middle thus if
1000 earn 10k
100 earn 20k
10 earn 40k
5 earn 80k
1 earns 160K
then the median is 40 k.

note the vast majority dont earn half of that. lol


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RE: "The Richest (and Poorest) Places in the U.S.&... - 8/31/2007 4:15:13 PM   
CandyLover


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quote:

ORIGINAL: seeksfemslave

The median can be used to disguise the truth of the matter. It means the one in the middle thus if
1000 earn 10k
100 earn 20k
10 earn 40k
5 earn 80k
1 earns 160K
then the median is 40 k.

note the vast majority dont earn half of that. lol




Those 1000 are considered separate entries when determining the median.  In your example, the median would definitely be 10k.

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RE: "The Richest (and Poorest) Places in the U.S.&... - 9/2/2007 1:56:16 AM   
southernsubboy


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And Mississippi ( Where i live ) the poorest state in the union running since forever! :D

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RE: "The Richest (and Poorest) Places in the U.S.&... - 9/2/2007 3:01:38 AM   
seeksfemslave


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quote:

ORIGINAL: CandyLover
quote:

ORIGINAL: seeksfemslave
The median can be used to disguise the truth of the matter. It means the one in the middle thus if
1000 earn 10k
100 earn 20k
10 earn 40k
5 earn 80k
1 earns 160K
then the median is 40 k.
note the vast majority dont earn half of that. lol

Those 1000 are considered separate entries when determining the median.  In your example, the median would definitely be 10k.


Seeks repeats that mathematically the median is the item in the middle.regardless of the frequency.
Average = 11326, which is not equal to the median.

Do you know anything about car diagnostics.? My car has developed starting problems. lol

< Message edited by seeksfemslave -- 9/2/2007 3:06:22 AM >

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RE: "The Richest (and Poorest) Places in the U.S.&... - 9/2/2007 3:09:12 AM   
seeksfemslave


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quote:

ORIGINAL: southernsubboy
And Mississippi ( Where i live ) the poorest state in the union running since forever! :D

Yes but if you are happy that makes a big difference.
Anyway prices shift to meet purchasing power available so you should be OK so long as you stay out of the Sun.

Since this was a measure of median household income one possible explanation for your state's low placing is that you dont have very big families. Is that true ?

Another is most havent got a house to hold. Just speculatin' now.

< Message edited by seeksfemslave -- 9/2/2007 3:31:14 AM >

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RE: "The Richest (and Poorest) Places in the U.S.&... - 9/2/2007 7:57:10 AM   
pahunkboy


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hmm- fancy smancy

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RE: "The Richest (and Poorest) Places in the U.S.&... - 9/2/2007 2:12:23 PM   
CandyLover


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quote:

ORIGINAL: seeksfemslave

quote:

ORIGINAL: CandyLover
quote:

ORIGINAL: seeksfemslave
The median can be used to disguise the truth of the matter. It means the one in the middle thus if
1000 earn 10k
100 earn 20k
10 earn 40k
5 earn 80k
1 earns 160K
then the median is 40 k.
note the vast majority dont earn half of that. lol

Those 1000 are considered separate entries when determining the median.  In your example, the median would definitely be 10k.


Seeks repeats that mathematically the median is the item in the middle.regardless of the frequency.
Average = 11326, which is not equal to the median.

Do you know anything about car diagnostics.? My car has developed starting problems. lol


I'm pretty sure statistics aren't that much different in the UK than they are here...  I've never seen anyone omit repeated values in a list while determining the median, and I can't find any websites that do so either, even the ones that put extra vowels in their colors.  Is this one of those "there are four lights" things?  Even the wikipedia entry on median is pretty straightforward on this subject.

And yes, I do know a little about car diagnostics, since I'm too cheap to pay for a mechanic.

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RE: "The Richest (and Poorest) Places in the U.S.&... - 9/2/2007 2:43:22 PM   
popeye1250


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I live on the coast so it's more expensive to live here than inland in Columbia for instance.
But, it's cheaper to live on the coast here than inland up North.
New Jersey and Connecticut both having lousey weather for most of the year (and) being expensive don't seem like a good deal financially.
If a house costs $200k here and $600k up North that tells me that we're either too low or the houses up North are too high.
They tell me that this area used to be "poor" 20 years ago.
Not now with all the people from up North moving here!

< Message edited by popeye1250 -- 9/2/2007 2:44:29 PM >


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RE: "The Richest (and Poorest) Places in the U.S.&... - 9/2/2007 2:49:24 PM   
kittensmailbox


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i live in a suburb of Youngstown and yes it is very true...  The city is very poor...  There just isn't anything here but bars, restaurants and shopping... However, there is no place like home...

< Message edited by kittensmailbox -- 9/2/2007 3:12:01 PM >


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RE: "The Richest (and Poorest) Places in the U.S.&... - 9/2/2007 2:51:59 PM   
seeksfemslave


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Well Candylover you are stubborn "gal", so if you wont believe me I did a Google on <statistical median> and got the following...
The statistical median is the middle number of a group of numbers that have been arranged in order by size. If there is an even number of terms, the median is the mean of the two middle numbers.

So there...puts my tongue out at candylover.

Even you Yanks call what is properly the <centre reservation>on a motorway the median.NO? ie the bit in the middle he he he he he he



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RE: "The Richest (and Poorest) Places in the U.S.&... - 9/2/2007 2:57:48 PM   
popeye1250


Posts: 18104
Joined: 1/27/2006
From: New Hampshire
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Seeks, correct!
Maybe "Candylover" was on a sugar high.

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RE: "The Richest (and Poorest) Places in the U.S.&... - 9/2/2007 4:18:41 PM   
CandyLover


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Joined: 6/5/2007
Status: offline
quote:

ORIGINAL: seeksfemslave

Well Candylover you are stubborn "gal", so if you wont believe me I did a Google on <statistical median> and got the following...
The statistical median is the middle number of a group of numbers that have been arranged in order by size. If there is an even number of terms, the median is the mean of the two middle numbers.

So there...puts my tongue out at candylover.

Even you Yanks call what is properly the <centre reservation>on a motorway the median.NO? ie the bit in the middle he he he he he he




Oh, I'm terribly stubborn.  The quote you posted is irrelevant; the disagreement here is about this:

Seeks repeats that mathematically the median is the item in the middle.regardless of the frequency.

You can check these links if you don't believe me, too:

http://en.wikipedia.org/wiki/Median

The median is primarily used for skewed distributions, which it represents differently than the arithmetic mean. Consider the multiset { 1, 2, 2, 2, 3, 9 }. The median is 2 in this case, as is the mode, and it might be seen as a better indication of central tendency than the arithmetic mean of 3.166….

http://www.gomath.com/htdocs/lesson/statistics_lesson1.htm
http://www.health.state.pa.us/hpa/stats/techassist/median.htm

Alternatively, open up Microsoft Excel, put in 1,1,1,1,1,1,1,1,9,10 in cells A1 through A10, and in cell A11 type in =median(a1:a10).  It's not going to give you 9.

On a side note, I always heard it as central reservation instead of centre reservation; doesn't centre reservation mean something else entirely?

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