Federal Reserve Economic Data

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

Title 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Richmond County, NC
Series ID MHICIUBNC37153A052NCEN
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 2:31 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 23564
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 26396
1994-01-01 .
1995-01-01 28962
1996-01-01 .
1997-01-01 30446
1998-01-01 30966
1999-01-01 29823
2000-01-01 31650
2001-01-01 30129
2002-01-01 29977
2003-01-01 30220
2004-01-01 31041
2005-01-01 32829
2006-01-01 32277
2007-01-01 34431
2008-01-01 32898
2009-01-01 33037
2010-01-01 34072
2011-01-01 35511
2012-01-01 32989
2013-01-01 35556
2014-01-01 37153
2015-01-01 36111
2016-01-01 38634
2017-01-01 39857
2018-01-01 41881
2019-01-01 44831
2020-01-01 48736
2021-01-01 47022
2022-01-01 49138
2023-01-01 55387

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