Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Richmond County, NY
Series ID MHICILBNY36085A052NCEN
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 39281
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 42088
1994-01-01 .
1995-01-01 45638
1996-01-01 .
1997-01-01 48063
1998-01-01 48729
1999-01-01 47693
2000-01-01 50231
2001-01-01 48487
2002-01-01 49431
2003-01-01 50885
2004-01-01 52980
2005-01-01 59811
2006-01-01 64640
2007-01-01 64071
2008-01-01 69628
2009-01-01 61868
2010-01-01 66566
2011-01-01 66858
2012-01-01 68376
2013-01-01 65706
2014-01-01 67681
2015-01-01 68832
2016-01-01 71983
2017-01-01 76062
2018-01-01 75803
2019-01-01 82286
2020-01-01 76146
2021-01-01 80425
2022-01-01 87407
2023-01-01 88441

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