Federal Reserve Economic Data

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

Title 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Madison County, VA
Series ID MHICIUBVA51113A052NCEN
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 27287
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 31754
1994-01-01 .
1995-01-01 35406
1996-01-01 .
1997-01-01 37999
1998-01-01 39992
1999-01-01 40973
2000-01-01 43919
2001-01-01 43232
2002-01-01 43538
2003-01-01 43673
2004-01-01 45739
2005-01-01 47521
2006-01-01 50987
2007-01-01 55180
2008-01-01 55795
2009-01-01 55294
2010-01-01 53909
2011-01-01 57026
2012-01-01 56103
2013-01-01 56731
2014-01-01 57968
2015-01-01 59102
2016-01-01 62518
2017-01-01 64659
2018-01-01 66961
2019-01-01 72386
2020-01-01 77027
2021-01-01 75333
2022-01-01 80711

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