Federal Reserve Economic Data

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

Title 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Wood County, WV
Series ID MHICIUBWV54107A052NCEN
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 28188
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 31195
1994-01-01 .
1995-01-01 35458
1996-01-01 .
1997-01-01 36290
1998-01-01 37203
1999-01-01 35361
2000-01-01 37268
2001-01-01 36205
2002-01-01 36503
2003-01-01 37248
2004-01-01 38751
2005-01-01 36685
2006-01-01 38397
2007-01-01 42070
2008-01-01 43949
2009-01-01 41545
2010-01-01 41790
2011-01-01 40735
2012-01-01 44077
2013-01-01 43090
2014-01-01 44293
2015-01-01 43758
2016-01-01 50113
2017-01-01 48297
2018-01-01 48990
2019-01-01 53653
2020-01-01 51254
2021-01-01 57878
2022-01-01 62879

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