Federal Reserve Economic Data

Table Data - 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Alabama

Title 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Alabama
Series ID MHICIUBAL01000A052NCEN
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 2022-01-01
Last Updated 2023-12-14 1:10 PM 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 23278
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 27075
1994-01-01 .
1995-01-01 28761
1996-01-01 31403
1997-01-01 32448
1998-01-01 35194
1999-01-01 35309
2000-01-01 36606
2001-01-01 36145
2002-01-01 37700
2003-01-01 37602
2004-01-01 38510
2005-01-01 37441
2006-01-01 39302
2007-01-01 41014
2008-01-01 43248
2009-01-01 41057
2010-01-01 40995
2011-01-01 41960
2012-01-01 42077
2013-01-01 43504
2014-01-01 43499
2015-01-01 45556
2016-01-01 46968
2017-01-01 48935
2018-01-01 50639
2019-01-01 52363
2020-01-01 54903
2021-01-01 54762
2022-01-01 60420

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