Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Hopewell City, VA
Series ID MHICILBVA51670A052NCEN
Source U.S. Census Bureau
Release Small Area Income and Poverty Estimates
Seasonal Adjustment Not Seasonally Adjusted
Frequency Annual
Units Dollars
Date Range 1993-01-01 to 2023-01-01
Last Updated 2024-12-20 3:12 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
1993-01-01 26294
1994-01-01 .
1995-01-01 28141
1996-01-01 .
1997-01-01 29659
1998-01-01 30135
1999-01-01 30725
2000-01-01 32111
2001-01-01 32400
2002-01-01 31622
2003-01-01 30846
2004-01-01 32334
2005-01-01 32819
2006-01-01 34118
2007-01-01 36630
2008-01-01 37440
2009-01-01 32985
2010-01-01 34404
2011-01-01 34340
2012-01-01 35672
2013-01-01 35655
2014-01-01 37151
2015-01-01 33671
2016-01-01 35970
2017-01-01 36057
2018-01-01 39167
2019-01-01 35280
2020-01-01 36806
2021-01-01 41552
2022-01-01 47661
2023-01-01 43684

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