Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for McDowell County, NC
Series ID MHICILBNC37111A052NCEN
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 20549
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 24651
1994-01-01 .
1995-01-01 26554
1996-01-01 .
1997-01-01 27875
1998-01-01 29815
1999-01-01 29980
2000-01-01 30529
2001-01-01 29526
2002-01-01 29232
2003-01-01 29909
2004-01-01 31160
2005-01-01 33832
2006-01-01 32771
2007-01-01 33368
2008-01-01 34426
2009-01-01 32248
2010-01-01 31678
2011-01-01 32343
2012-01-01 33846
2013-01-01 33431
2014-01-01 34526
2015-01-01 34036
2016-01-01 37928
2017-01-01 39069
2018-01-01 39740
2019-01-01 41690
2020-01-01 43699
2021-01-01 46220
2022-01-01 48436

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