Federal Reserve Economic Data

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

Title 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Randolph County, NC
Series ID MHICIUBNC37151A052NCEN
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 29090
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 32692
1994-01-01 .
1995-01-01 36249
1996-01-01 .
1997-01-01 38445
1998-01-01 40204
1999-01-01 39852
2000-01-01 42447
2001-01-01 40844
2002-01-01 40051
2003-01-01 40109
2004-01-01 41282
2005-01-01 39064
2006-01-01 41434
2007-01-01 40628
2008-01-01 44739
2009-01-01 41041
2010-01-01 42207
2011-01-01 43332
2012-01-01 44446
2013-01-01 43259
2014-01-01 44151
2015-01-01 45963
2016-01-01 49699
2017-01-01 46715
2018-01-01 51490
2019-01-01 52620
2020-01-01 52917
2021-01-01 60819
2022-01-01 63421

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