Federal Reserve Economic Data

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

Title 90% Confidence Interval Upper Bound of Estimate of Median Household Income for McCormick County, SC
Series ID MHICIUBSC45065A052NCEN
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 3:11 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 20466
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 24054
1994-01-01 .
1995-01-01 28877
1996-01-01 .
1997-01-01 30298
1998-01-01 31666
1999-01-01 31891
2000-01-01 33975
2001-01-01 31900
2002-01-01 32024
2003-01-01 32524
2004-01-01 33605
2005-01-01 35241
2006-01-01 37008
2007-01-01 40196
2008-01-01 41079
2009-01-01 39050
2010-01-01 38232
2011-01-01 38756
2012-01-01 42456
2013-01-01 41447
2014-01-01 42720
2015-01-01 45772
2016-01-01 47832
2017-01-01 49444
2018-01-01 49168
2019-01-01 54466
2020-01-01 58546
2021-01-01 55791
2022-01-01 63430
2023-01-01 65952

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