Federal Reserve Economic Data

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

Title 90% Confidence Interval Upper Bound of Estimate of Median Household Income for New Jersey
Series ID MHICIUBNJ34000A052NCEN
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 39312
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 42370
1994-01-01 .
1995-01-01 45979
1996-01-01 48804
1997-01-01 49681
1998-01-01 51485
1999-01-01 53010
2000-01-01 55023
2001-01-01 56242
2002-01-01 56805
2003-01-01 58033
2004-01-01 59119
2005-01-01 62198
2006-01-01 65168
2007-01-01 67694
2008-01-01 70855
2009-01-01 69071
2010-01-01 68427
2011-01-01 68263
2012-01-01 70390
2013-01-01 70759
2014-01-01 72400
2015-01-01 72938
2016-01-01 76894
2017-01-01 80761
2018-01-01 82449
2019-01-01 86532
2020-01-01 88378
2021-01-01 90290
2022-01-01 97422
2023-01-01 100751

Subscribe to the FRED newsletter


Follow us

Back to Top