Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Ocean County, NJ
Series ID MHICILBNJ34029A052NCEN
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 27225
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 32546
1994-01-01 .
1995-01-01 37965
1996-01-01 .
1997-01-01 39296
1998-01-01 40572
1999-01-01 41688
2000-01-01 43852
2001-01-01 43133
2002-01-01 43745
2003-01-01 45493
2004-01-01 48059
2005-01-01 50616
2006-01-01 53142
2007-01-01 54799
2008-01-01 56888
2009-01-01 57761
2010-01-01 55032
2011-01-01 55019
2012-01-01 56984
2013-01-01 57804
2014-01-01 60561
2015-01-01 61545
2016-01-01 60649
2017-01-01 68178
2018-01-01 66634
2019-01-01 72970
2020-01-01 74464
2021-01-01 73525
2022-01-01 78063
2023-01-01 82108

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