Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Cabarrus County, NC
Series ID MHICILBNC37025A052NCEN
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 2022-01-01
Last Updated 2023-12-14 1:54 PM 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 25818
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 31857
1994-01-01 .
1995-01-01 36891
1996-01-01 .
1997-01-01 38846
1998-01-01 40883
1999-01-01 41670
2000-01-01 43182
2001-01-01 42506
2002-01-01 43526
2003-01-01 44500
2004-01-01 45583
2005-01-01 47562
2006-01-01 48008
2007-01-01 49192
2008-01-01 54386
2009-01-01 49636
2010-01-01 47534
2011-01-01 47366
2012-01-01 51929
2013-01-01 51799
2014-01-01 52170
2015-01-01 54205
2016-01-01 59427
2017-01-01 59017
2018-01-01 66064
2019-01-01 67827
2020-01-01 74657
2021-01-01 75558
2022-01-01 74050

Subscribe to the FRED newsletter


Follow us

Back to Top