Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Wayne County, NC
Series ID MHICILBNC37191A052NCEN
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 19725
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 23812
1994-01-01 .
1995-01-01 26178
1996-01-01 .
1997-01-01 28537
1998-01-01 29172
1999-01-01 30667
2000-01-01 31580
2001-01-01 31003
2002-01-01 30967
2003-01-01 31758
2004-01-01 32914
2005-01-01 34302
2006-01-01 35970
2007-01-01 37973
2008-01-01 37362
2009-01-01 37921
2010-01-01 38125
2011-01-01 36201
2012-01-01 36024
2013-01-01 38876
2014-01-01 34952
2015-01-01 38358
2016-01-01 39348
2017-01-01 41519
2018-01-01 39527
2019-01-01 42467
2020-01-01 46543
2021-01-01 45374
2022-01-01 52440
2023-01-01 51654

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