Federal Reserve Economic Data

Table Data - 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Hernando County, FL

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Hernando County, FL
Series ID MHICILBFL12053A052NCEN
Source U.S. Census Bureau
Release Small Area Income and Poverty Estimates
Seasonal Adjustment Not Seasonally Adjusted
Frequency Annual
Units Dollars
Date Range 1989-01-01 to 2023-01-01
Last Updated 2024-12-20 3:13 AM CST
Notes The U.S. Census Bureau provides annual estimates of income and poverty statistics for all school districts, counties, and states through the Small Area Income and Poverty Estimates (SAIPE) program. The bureau's main objective with this program is to provide estimates of income and poverty for the administration of federal programs and the allocation of federal funds to local jurisdictions. In addition to these federal programs, state and local programs use the income and poverty estimates for distributing funds and managing programs.

Household income includes income of the householder and all other people 15 years and older in the household, whether or not they are related to the householder. Median is the point that divides the household income distributions into two halves: one-half with income above the median and the other with income below the median. The median is based on the income distribution of all households, including those with no income.

A confidence interval is a range of values, from the lower bound to the respective upper bound, that describes the uncertainty surrounding an estimate. A confidence interval is also itself an estimate. It is made using a model of how sampling, interviewing, measuring, and modeling contribute to uncertainty about the relation between the true value of the quantity we are estimating and our estimate of that value. The "90%" in the confidence interval listed above represents a level of certainty about our estimate. If we were to repeatedly make new estimates using exactly the same procedure (by drawing a new sample, conducting new interviews, calculating new estimates and new confidence intervals), the confidence intervals would contain the average of all the estimates 90% of the time. For more details about the confidence intervals and their interpretation, see this explanation.
DATE VALUE
1989-01-01 17586
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 20960
1994-01-01 .
1995-01-01 24625
1996-01-01 .
1997-01-01 24798
1998-01-01 26156
1999-01-01 29110
2000-01-01 30668
2001-01-01 29814
2002-01-01 30156
2003-01-01 31856
2004-01-01 33439
2005-01-01 35647
2006-01-01 37822
2007-01-01 41140
2008-01-01 37227
2009-01-01 38129
2010-01-01 35809
2011-01-01 38371
2012-01-01 35255
2013-01-01 37041
2014-01-01 37853
2015-01-01 41156
2016-01-01 44089
2017-01-01 42321
2018-01-01 43354
2019-01-01 48244
2020-01-01 47987
2021-01-01 53998
2022-01-01 56906
2023-01-01 61519

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