Federal Reserve Economic Data

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

Title 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Albemarle County, VA
Series ID MHICIUBVA51003A052NCEN
Source U.S. Census Bureau
Release Small Area Income and Poverty Estimates
Seasonal Adjustment Not Seasonally Adjusted
Frequency Annual
Units Dollars
Date Range 1993-01-01 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
1993-01-01 43802
1994-01-01 .
1995-01-01 46546
1996-01-01 .
1997-01-01 49467
1998-01-01 52219
1999-01-01 53729
2000-01-01 57410
2001-01-01 55446
2002-01-01 56080
2003-01-01 56548
2004-01-01 58719
2005-01-01 62708
2006-01-01 62037
2007-01-01 68937
2008-01-01 70782
2009-01-01 67367
2010-01-01 66138
2011-01-01 68496
2012-01-01 74365
2013-01-01 73027
2014-01-01 71938
2015-01-01 75586
2016-01-01 78277
2017-01-01 82766
2018-01-01 86965
2019-01-01 91002
2020-01-01 86525
2021-01-01 97573
2022-01-01 101819

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