Federal Reserve Economic Data

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

Title 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Galax City, VA
Series ID MHICIUBVA51640A052NCEN
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 24200
1994-01-01 .
1995-01-01 28056
1996-01-01 .
1997-01-01 28876
1998-01-01 29536
1999-01-01 29382
2000-01-01 31276
2001-01-01 29924
2002-01-01 30060
2003-01-01 30255
2004-01-01 32160
2005-01-01 33577
2006-01-01 33856
2007-01-01 35938
2008-01-01 34137
2009-01-01 35648
2010-01-01 35160
2011-01-01 34999
2012-01-01 36246
2013-01-01 37035
2014-01-01 36734
2015-01-01 35711
2016-01-01 39063
2017-01-01 36622
2018-01-01 40514
2019-01-01 41124
2020-01-01 46710
2021-01-01 47110
2022-01-01 50311

Subscribe to the FRED newsletter


Follow us

Back to Top