Federal Reserve Economic Data

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

Title 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Richmond City, VA
Series ID MHICIUBVA51760A052NCEN
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 26147
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 28353
1994-01-01 .
1995-01-01 28995
1996-01-01 .
1997-01-01 32271
1998-01-01 34095
1999-01-01 32252
2000-01-01 34452
2001-01-01 33584
2002-01-01 33380
2003-01-01 33768
2004-01-01 34653
2005-01-01 36167
2006-01-01 37558
2007-01-01 40402
2008-01-01 38760
2009-01-01 39156
2010-01-01 41206
2011-01-01 40833
2012-01-01 40333
2013-01-01 41410
2014-01-01 44420
2015-01-01 42067
2016-01-01 45106
2017-01-01 48138
2018-01-01 50669
2019-01-01 54030
2020-01-01 56705
2021-01-01 55395
2022-01-01 62269

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