Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Mercer County, NJ
Series ID MHICILBNJ34021A052NCEN
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 35181
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 41150
1994-01-01 .
1995-01-01 44395
1996-01-01 .
1997-01-01 46418
1998-01-01 48033
1999-01-01 49168
2000-01-01 51753
2001-01-01 51023
2002-01-01 51327
2003-01-01 52343
2004-01-01 54307
2005-01-01 61340
2006-01-01 62273
2007-01-01 65604
2008-01-01 69961
2009-01-01 67279
2010-01-01 67956
2011-01-01 68487
2012-01-01 64681
2013-01-01 68691
2014-01-01 70588
2015-01-01 69417
2016-01-01 73881
2017-01-01 73933
2018-01-01 76688
2019-01-01 74603
2020-01-01 82026
2021-01-01 81482
2022-01-01 90726
2023-01-01 91330

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