Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Ritchie County, WV
Series ID MHICILBWV54085A052NCEN
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 2:02 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 15811
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 18234
1994-01-01 .
1995-01-01 19447
1996-01-01 .
1997-01-01 22005
1998-01-01 23680
1999-01-01 25751
2000-01-01 26725
2001-01-01 26320
2002-01-01 26559
2003-01-01 28000
2004-01-01 29558
2005-01-01 29809
2006-01-01 30251
2007-01-01 30967
2008-01-01 33169
2009-01-01 30925
2010-01-01 32019
2011-01-01 32144
2012-01-01 33153
2013-01-01 34559
2014-01-01 43864
2015-01-01 35528
2016-01-01 38953
2017-01-01 36700
2018-01-01 39382
2019-01-01 41116
2020-01-01 39672
2021-01-01 42156
2022-01-01 45387
2023-01-01 48696

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