Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Union County, NJ
Series ID MHICILBNJ34039A052NCEN
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 37935
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 39870
1994-01-01 .
1995-01-01 43719
1996-01-01 .
1997-01-01 47624
1998-01-01 48856
1999-01-01 48585
2000-01-01 50692
2001-01-01 49765
2002-01-01 49839
2003-01-01 50951
2004-01-01 52139
2005-01-01 58913
2006-01-01 60143
2007-01-01 60077
2008-01-01 64954
2009-01-01 61821
2010-01-01 63897
2011-01-01 62043
2012-01-01 61444
2013-01-01 61676
2014-01-01 65147
2015-01-01 68093
2016-01-01 69417
2017-01-01 74409
2018-01-01 77280
2019-01-01 76494
2020-01-01 77997
2021-01-01 82355
2022-01-01 92414
2023-01-01 96681

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