Income Parity Calculator

Enter the income in 1st currency ($) and the income in 2nd currency ($) into the Calculator. The calculator will evaluate the Income Parity. 

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Income Parity Formula

IP = I1 / I2

Variables:

• IP is the Income Parity ($/$)
• I1 is the income in 1st currency ($)
• I2 is the income in 2nd currency ($)

To calculate Income Parity, divide the income in one currency by the income in the reference currency.

How to Calculate Income Parity?

The following steps outline how to calculate the Income Parity.

1. First, determine the income in 1st currency ($). 
2. Next, determine the income in 2nd currency ($). 
3. Next, gather the formula from above = IP = I1 / I2.
4. Finally, calculate the Income Parity.
5. After inserting the variables and calculating the result, check your answer with the calculator above.

Example Problem : 

Use the following variables as an example problem to test your knowledge.

income in 1st currency ($) = 5000

income in 2nd currency ($) = 3000