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Average salary vs. median: What's the difference?

An average salary or arithmetic mean is figured by selecting a group of people with Similar Profiles, adding up their salaries, then dividing this number by the total number of people in the group.

Average salary =  Sum of all salaries/total # of Similar Profiles

A median is also known as the 50th percentile. Exactly 50% of people make less than the median and 50% make more.

Cheers,

Dr. Al Lee

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