Federal Reserve Economic Data

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

Title 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Morris County, NJ
Series ID MHICIUBNJ34027A052NCEN
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 57047
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 60582
1994-01-01 .
1995-01-01 65394
1996-01-01 .
1997-01-01 70889
1998-01-01 72463
1999-01-01 77559
2000-01-01 83126
2001-01-01 84384
2002-01-01 85550
2003-01-01 85047
2004-01-01 87297
2005-01-01 86841
2006-01-01 92816
2007-01-01 97150
2008-01-01 102093
2009-01-01 100023
2010-01-01 93585
2011-01-01 93397
2012-01-01 98724
2013-01-01 102190
2014-01-01 102591
2015-01-01 104486
2016-01-01 110452
2017-01-01 118849
2018-01-01 116003
2019-01-01 120969
2020-01-01 122019
2021-01-01 127621
2022-01-01 136240

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