Various embodiments of the present invention provide systems and methods for estimating noise components in a received signal set. For example, one embodiment of the present invention provides a noise estimation circuit that includes a data detector circuit and a noise component calculation circuit. The data detector circuit receives a series of data samples and provides a detected output, and the noise component calculation circuit provides an electronics noise power output and a media noise power output each calculated based at least in part on the detected output and the series of data samples.