Federal Reserve Economic Data

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

Title 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Salem County, NJ
Series ID MHICIUBNJ34033A052NCEN
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 34056
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 39256
1994-01-01 .
1995-01-01 42080
1996-01-01 .
1997-01-01 45422
1998-01-01 46390
1999-01-01 46495
2000-01-01 49569
2001-01-01 48280
2002-01-01 49133
2003-01-01 50044
2004-01-01 52461
2005-01-01 55220
2006-01-01 58732
2007-01-01 58524
2008-01-01 62110
2009-01-01 57066
2010-01-01 58752
2011-01-01 56615
2012-01-01 61389
2013-01-01 62569
2014-01-01 61446
2015-01-01 67995
2016-01-01 60260
2017-01-01 67196
2018-01-01 68863
2019-01-01 70914
2020-01-01 73570
2021-01-01 74850
2022-01-01 82477

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