Federal Reserve Economic Data

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

Title 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Essex County, NJ
Series ID MHICIUBNJ34013A052NCEN
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 1:51 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 31999
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 36018
1994-01-01 .
1995-01-01 38668
1996-01-01 .
1997-01-01 42349
1998-01-01 43133
1999-01-01 43326
2000-01-01 44728
2001-01-01 44251
2002-01-01 44587
2003-01-01 45331
2004-01-01 47076
2005-01-01 51273
2006-01-01 52877
2007-01-01 54928
2008-01-01 57245
2009-01-01 55571
2010-01-01 53474
2011-01-01 52392
2012-01-01 52456
2013-01-01 55582
2014-01-01 56365
2015-01-01 53591
2016-01-01 57807
2017-01-01 62292
2018-01-01 65815
2019-01-01 67051
2020-01-01 68730
2021-01-01 69225
2022-01-01 77527

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