Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Miami-Dade County, FL
Series ID MHICILBFL12086A052NCEN
Source U.S. Census Bureau
Release Small Area Income and Poverty Estimates
Seasonal Adjustment Not Seasonally Adjusted
Frequency Annual
Units Dollars
Date Range 1997-01-01 to 2023-01-01
Last Updated 2024-12-20 2:33 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
1997-01-01 26847
1998-01-01 28638
1999-01-01 30730
2000-01-01 31541
2001-01-01 30574
2002-01-01 29938
2003-01-01 31502
2004-01-01 33056
2005-01-01 36438
2006-01-01 40591
2007-01-01 42546
2008-01-01 42893
2009-01-01 40371
2010-01-01 39452
2011-01-01 39777
2012-01-01 40714
2013-01-01 41245
2014-01-01 41720
2015-01-01 42709
2016-01-01 45219
2017-01-01 48866
2018-01-01 51208
2019-01-01 53878
2020-01-01 56837
2021-01-01 57913
2022-01-01 65536
2023-01-01 70790

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