Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Goochland County, VA
Series ID MHICILBVA51075A052NCEN
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 33311
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 37593
1994-01-01 .
1995-01-01 44081
1996-01-01 .
1997-01-01 46985
1998-01-01 50885
1999-01-01 51272
2000-01-01 53384
2001-01-01 55595
2002-01-01 56202
2003-01-01 57372
2004-01-01 60321
2005-01-01 64395
2006-01-01 64106
2007-01-01 67907
2008-01-01 70252
2009-01-01 70000
2010-01-01 75028
2011-01-01 70433
2012-01-01 74940
2013-01-01 69658
2014-01-01 79021
2015-01-01 79951
2016-01-01 80114
2017-01-01 93286
2018-01-01 80059
2019-01-01 89435
2020-01-01 87157
2021-01-01 92088
2022-01-01 102207
2023-01-01 109601

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