Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Wood County, WV
Series ID MHICILBWV54107A052NCEN
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 23907
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 26935
1994-01-01 .
1995-01-01 29830
1996-01-01 .
1997-01-01 30515
1998-01-01 31450
1999-01-01 31194
2000-01-01 32377
2001-01-01 31773
2002-01-01 32012
2003-01-01 33001
2004-01-01 34307
2005-01-01 32203
2006-01-01 35152
2007-01-01 37749
2008-01-01 37677
2009-01-01 36913
2010-01-01 37122
2011-01-01 35275
2012-01-01 40053
2013-01-01 39320
2014-01-01 39571
2015-01-01 38508
2016-01-01 43361
2017-01-01 41187
2018-01-01 41566
2019-01-01 44765
2020-01-01 42784
2021-01-01 48992
2022-01-01 52319
2023-01-01 51941

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