Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Florence County, SC
Series ID MHICILBSC45041A052NCEN
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 21525
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 23964
1994-01-01 .
1995-01-01 26450
1996-01-01 .
1997-01-01 27428
1998-01-01 27836
1999-01-01 30473
2000-01-01 32255
2001-01-01 31761
2002-01-01 31738
2003-01-01 32811
2004-01-01 33635
2005-01-01 34912
2006-01-01 36115
2007-01-01 37803
2008-01-01 39047
2009-01-01 37158
2010-01-01 37374
2011-01-01 37280
2012-01-01 38225
2013-01-01 38506
2014-01-01 39175
2015-01-01 38967
2016-01-01 41716
2017-01-01 40414
2018-01-01 45001
2019-01-01 46799
2020-01-01 42771
2021-01-01 47940
2022-01-01 47636

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