Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Virginia Beach City, VA
Series ID MHICILBVA51810A052NCEN
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 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
1989-01-01 33703
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 38686
1994-01-01 .
1995-01-01 38534
1996-01-01 .
1997-01-01 41742
1998-01-01 43509
1999-01-01 43651
2000-01-01 46101
2001-01-01 46614
2002-01-01 47144
2003-01-01 47439
2004-01-01 48649
2005-01-01 56903
2006-01-01 59654
2007-01-01 59597
2008-01-01 62620
2009-01-01 57639
2010-01-01 61074
2011-01-01 62187
2012-01-01 60286
2013-01-01 60173
2014-01-01 65010
2015-01-01 65517
2016-01-01 68653
2017-01-01 70079
2018-01-01 74617
2019-01-01 76094
2020-01-01 67938
2021-01-01 79364
2022-01-01 80473
2023-01-01 86874

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