barryoglesby

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Joined
Oct 2, 2018
Messages
1
Hello all!

MrExcel newbie here. I'm trying to create an If statement, I'm assuming an If statement, that can define a cell based on where it falls in a range of numbers. It's for housing development project.

I'm attempting to solve for the Status As shown below, if the resident earns above $72K, they classified as Very Low Income - if earned $82,500, they would qualify as Median Income, anything over $99,450 would classify as Market. Any help on this would be great!

Unit Income Status Extremely Low Very Low Income Low Income Median Income Moderate Income

$72,000 Low Income $30,800 $51,350 $82,200 $82,900 $99,450

Let me know if this is not clear - thanks again for any input.
 

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Square and cube roots
The =SQRT(25) is a square root. For a cube root, use =125^(1/3). For a fourth root, use =625^(1/4).
Welcome to the Board!

For a value in cell A2, the formula would look something like:
Code:
=IF(A2>99450,"Market",IF(A2>82500,"Median",IF(A2>72000,"Very Low Income","Extremely Low Income")))
 
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