Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Richmond County, NC
Series ID MHICILBNC37153A052NCEN
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 2023-01-01
Last Updated 2024-12-20 2:32 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
1989-01-01 19052
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 21874
1994-01-01 .
1995-01-01 22796
1996-01-01 .
1997-01-01 24235
1998-01-01 24826
1999-01-01 26185
2000-01-01 27248
2001-01-01 26258
2002-01-01 26091
2003-01-01 26591
2004-01-01 27300
2005-01-01 27732
2006-01-01 27989
2007-01-01 29458
2008-01-01 28588
2009-01-01 27861
2010-01-01 29064
2011-01-01 30353
2012-01-01 28463
2013-01-01 30094
2014-01-01 32177
2015-01-01 29923
2016-01-01 32100
2017-01-01 32945
2018-01-01 35147
2019-01-01 36205
2020-01-01 35934
2021-01-01 37294
2022-01-01 39628
2023-01-01 45097

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