Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Salem County, NJ
Series ID MHICILBNJ34033A052NCEN
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 29706
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 34765
1994-01-01 .
1995-01-01 36088
1996-01-01 .
1997-01-01 39317
1998-01-01 40365
1999-01-01 40842
2000-01-01 42737
2001-01-01 42031
2002-01-01 42771
2003-01-01 44052
2004-01-01 46199
2005-01-01 48870
2006-01-01 50765
2007-01-01 50652
2008-01-01 53759
2009-01-01 48850
2010-01-01 51796
2011-01-01 51165
2012-01-01 54489
2013-01-01 54397
2014-01-01 51844
2015-01-01 59981
2016-01-01 51882
2017-01-01 55448
2018-01-01 60185
2019-01-01 65378
2020-01-01 57556
2021-01-01 64838
2022-01-01 69533

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