Federal Reserve Economic Data

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

Title 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Floyd County, VA
Series ID MHICIUBVA51063A052NCEN
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 24672
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 27806
1994-01-01 .
1995-01-01 31601
1996-01-01 .
1997-01-01 34452
1998-01-01 36739
1999-01-01 34371
2000-01-01 36130
2001-01-01 35517
2002-01-01 36603
2003-01-01 37371
2004-01-01 38787
2005-01-01 40842
2006-01-01 43717
2007-01-01 43380
2008-01-01 45423
2009-01-01 39360
2010-01-01 47550
2011-01-01 43896
2012-01-01 45800
2013-01-01 45317
2014-01-01 47123
2015-01-01 52216
2016-01-01 46840
2017-01-01 52779
2018-01-01 53473
2019-01-01 58056
2020-01-01 62235
2021-01-01 61216
2022-01-01 68001

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