Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Petersburg City, VA
Series ID MHICILBVA51730A052NCEN
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 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
1993-01-01 20398
1994-01-01 .
1995-01-01 20961
1996-01-01 .
1997-01-01 22293
1998-01-01 23198
1999-01-01 26353
2000-01-01 27379
2001-01-01 26838
2002-01-01 26641
2003-01-01 26806
2004-01-01 27618
2005-01-01 29111
2006-01-01 29839
2007-01-01 32229
2008-01-01 32322
2009-01-01 29180
2010-01-01 29924
2011-01-01 29458
2012-01-01 30348
2013-01-01 29828
2014-01-01 29909
2015-01-01 29017
2016-01-01 30921
2017-01-01 32583
2018-01-01 34699
2019-01-01 37061
2020-01-01 39552
2021-01-01 36443
2022-01-01 38104
2023-01-01 42992

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