Federal Reserve Economic Data

Table Data - 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Covington County, AL

Title 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Covington County, AL
Series ID MHICIUBAL01039A052NCEN
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 21223
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 24038
1994-01-01 .
1995-01-01 27270
1996-01-01 .
1997-01-01 28773
1998-01-01 29637
1999-01-01 28442
2000-01-01 29682
2001-01-01 29061
2002-01-01 29650
2003-01-01 30552
2004-01-01 31154
2005-01-01 33153
2006-01-01 32409
2007-01-01 35400
2008-01-01 36400
2009-01-01 35102
2010-01-01 35964
2011-01-01 34541
2012-01-01 36687
2013-01-01 38040
2014-01-01 38813
2015-01-01 39318
2016-01-01 37869
2017-01-01 42207
2018-01-01 43344
2019-01-01 47729
2020-01-01 48889
2021-01-01 49146
2022-01-01 50675
2023-01-01 55281

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