Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Floyd County, VA
Series ID MHICILBVA51063A052NCEN
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 1:53 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 20145
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 23221
1994-01-01 .
1995-01-01 25419
1996-01-01 .
1997-01-01 28125
1998-01-01 30452
1999-01-01 30151
2000-01-01 31057
2001-01-01 30917
2002-01-01 31835
2003-01-01 32916
2004-01-01 34160
2005-01-01 34475
2006-01-01 37495
2007-01-01 35575
2008-01-01 37606
2009-01-01 33968
2010-01-01 40826
2011-01-01 36098
2012-01-01 38622
2013-01-01 37987
2014-01-01 39587
2015-01-01 44680
2016-01-01 38500
2017-01-01 43903
2018-01-01 43157
2019-01-01 46498
2020-01-01 46289
2021-01-01 48314
2022-01-01 57121

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