Federal Reserve Economic Data

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

Title 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Randolph County, WV
Series ID MHICIUBWV54083A052NCEN
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 21591
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 23969
1994-01-01 .
1995-01-01 27546
1996-01-01 .
1997-01-01 28626
1998-01-01 29197
1999-01-01 28921
2000-01-01 30571
2001-01-01 29688
2002-01-01 30558
2003-01-01 31674
2004-01-01 32921
2005-01-01 34082
2006-01-01 36049
2007-01-01 36489
2008-01-01 38199
2009-01-01 34978
2010-01-01 38329
2011-01-01 36070
2012-01-01 39947
2013-01-01 38551
2014-01-01 40618
2015-01-01 40549
2016-01-01 41402
2017-01-01 40833
2018-01-01 44301
2019-01-01 49727
2020-01-01 53319
2021-01-01 49260
2022-01-01 51956

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