Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Davidson County, NC
Series ID MHICILBNC37057A052NCEN
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 1:11 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 24013
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 28815
1994-01-01 .
1995-01-01 30341
1996-01-01 .
1997-01-01 33201
1998-01-01 35686
1999-01-01 35844
2000-01-01 37315
2001-01-01 36413
2002-01-01 36008
2003-01-01 36751
2004-01-01 37376
2005-01-01 37862
2006-01-01 40996
2007-01-01 40969
2008-01-01 41338
2009-01-01 40962
2010-01-01 38468
2011-01-01 38796
2012-01-01 41393
2013-01-01 38014
2014-01-01 40563
2015-01-01 43655
2016-01-01 43837
2017-01-01 44832
2018-01-01 44183
2019-01-01 49460
2020-01-01 50137
2021-01-01 50078
2022-01-01 59902

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