Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Craig County, VA
Series ID MHICILBVA51045A052NCEN
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 2:05 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 22661
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 25871
1994-01-01 .
1995-01-01 28569
1996-01-01 .
1997-01-01 31783
1998-01-01 33779
1999-01-01 35050
2000-01-01 35936
2001-01-01 35398
2002-01-01 35480
2003-01-01 36522
2004-01-01 37418
2005-01-01 37048
2006-01-01 39958
2007-01-01 43917
2008-01-01 41030
2009-01-01 40476
2010-01-01 40646
2011-01-01 41471
2012-01-01 34444
2013-01-01 40949
2014-01-01 41545
2015-01-01 42865
2016-01-01 43952
2017-01-01 44715
2018-01-01 45313
2019-01-01 47029
2020-01-01 48299
2021-01-01 50651
2022-01-01 54948
2023-01-01 53959

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