Federal Reserve Economic Data

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

Title 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Richland County, SC
Series ID MHICIUBSC45079A052NCEN
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 28446
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 33275
1994-01-01 .
1995-01-01 37238
1996-01-01 .
1997-01-01 38792
1998-01-01 39746
1999-01-01 40026
2000-01-01 43934
2001-01-01 42672
2002-01-01 42206
2003-01-01 42211
2004-01-01 42437
2005-01-01 45463
2006-01-01 46879
2007-01-01 49678
2008-01-01 52125
2009-01-01 47978
2010-01-01 47732
2011-01-01 47682
2012-01-01 49557
2013-01-01 49833
2014-01-01 51744
2015-01-01 52857
2016-01-01 53681
2017-01-01 54561
2018-01-01 55193
2019-01-01 55401
2020-01-01 61106
2021-01-01 59477
2022-01-01 63998
2023-01-01 63813

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