Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Iredell County, NC
Series ID MHICILBNC37097A052NCEN
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 24598
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 29305
1994-01-01 .
1995-01-01 33313
1996-01-01 .
1997-01-01 35216
1998-01-01 37532
1999-01-01 38991
2000-01-01 40770
2001-01-01 39794
2002-01-01 39870
2003-01-01 40147
2004-01-01 41549
2005-01-01 42494
2006-01-01 42608
2007-01-01 47652
2008-01-01 47318
2009-01-01 45301
2010-01-01 44022
2011-01-01 47257
2012-01-01 46477
2013-01-01 47399
2014-01-01 51386
2015-01-01 52993
2016-01-01 53588
2017-01-01 53722
2018-01-01 56945
2019-01-01 64728
2020-01-01 57100
2021-01-01 66531
2022-01-01 68453

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