Federal Reserve Economic Data

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

Title 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Somerset County, NJ
Series ID MHICIUBNJ34035A052NCEN
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 54503
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 61168
1994-01-01 .
1995-01-01 69054
1996-01-01 .
1997-01-01 77686
1998-01-01 74855
1999-01-01 79081
2000-01-01 83389
2001-01-01 83399
2002-01-01 83278
2003-01-01 83054
2004-01-01 84592
2005-01-01 91149
2006-01-01 94077
2007-01-01 100686
2008-01-01 103128
2009-01-01 93057
2010-01-01 97114
2011-01-01 99591
2012-01-01 99744
2013-01-01 100905
2014-01-01 103192
2015-01-01 103313
2016-01-01 108407
2017-01-01 116910
2018-01-01 125189
2019-01-01 119267
2020-01-01 122640
2021-01-01 130224
2022-01-01 140385
2023-01-01 146449

Subscribe to the FRED newsletter


Follow us

Back to Top