Federal Reserve Economic Data

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

Title 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Hudson County, NJ
Series ID MHICIUBNJ34017A052NCEN
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 1:09 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 28419
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 31332
1994-01-01 .
1995-01-01 34490
1996-01-01 .
1997-01-01 37437
1998-01-01 38337
1999-01-01 39012
2000-01-01 41534
2001-01-01 40874
2002-01-01 40898
2003-01-01 41078
2004-01-01 42670
2005-01-01 46164
2006-01-01 50583
2007-01-01 52779
2008-01-01 56598
2009-01-01 57680
2010-01-01 55768
2011-01-01 57608
2012-01-01 58283
2013-01-01 57351
2014-01-01 59888
2015-01-01 61676
2016-01-01 65103
2017-01-01 68824
2018-01-01 75476
2019-01-01 80252
2020-01-01 81689
2021-01-01 82002
2022-01-01 85242

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