Federal Reserve Economic Data

Table Data - 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Miami-Dade County, FL

Title 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Miami-Dade County, FL
Series ID MHICIUBFL12086A052NCEN
Source U.S. Census Bureau
Release Small Area Income and Poverty Estimates
Seasonal Adjustment Not Seasonally Adjusted
Frequency Annual
Units Dollars
Date Range 1997-01-01 to 2022-01-01
Last Updated 2023-12-14 1:11 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
1997-01-01 33135
1998-01-01 32689
1999-01-01 33923
2000-01-01 35005
2001-01-01 33900
2002-01-01 33208
2003-01-01 34683
2004-01-01 36388
2005-01-01 37846
2006-01-01 41765
2007-01-01 44444
2008-01-01 44948
2009-01-01 42363
2010-01-01 40838
2011-01-01 41175
2012-01-01 41908
2013-01-01 42435
2014-01-01 43788
2015-01-01 44665
2016-01-01 46553
2017-01-01 50650
2018-01-01 52878
2019-01-01 56104
2020-01-01 61681
2021-01-01 59897
2022-01-01 68368

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