Federal Reserve Economic Data

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

Title 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Franklin County, VA
Series ID MHICIUBVA51067A052NCEN
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 1:09 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
1989-01-01 26630
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 31236
1994-01-01 .
1995-01-01 34428
1996-01-01 .
1997-01-01 36755
1998-01-01 38768
1999-01-01 39189
2000-01-01 41450
2001-01-01 40662
2002-01-01 40787
2003-01-01 41566
2004-01-01 43383
2005-01-01 43148
2006-01-01 46220
2007-01-01 47935
2008-01-01 49065
2009-01-01 49370
2010-01-01 43762
2011-01-01 52099
2012-01-01 46862
2013-01-01 52139
2014-01-01 51546
2015-01-01 53654
2016-01-01 56815
2017-01-01 55842
2018-01-01 58083
2019-01-01 66613
2020-01-01 69000
2021-01-01 64538
2022-01-01 73581

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