Federal Reserve Economic Data

Table Data - 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Gaston County, NC

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Gaston County, NC
Series ID MHICILBNC37071A052NCEN
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 2023-01-01
Last Updated 2024-12-20 3:13 AM 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 25202
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 29188
1994-01-01 .
1995-01-01 32410
1996-01-01 .
1997-01-01 33696
1998-01-01 35412
1999-01-01 35876
2000-01-01 37039
2001-01-01 36019
2002-01-01 36235
2003-01-01 36999
2004-01-01 37987
2005-01-01 35254
2006-01-01 40247
2007-01-01 40086
2008-01-01 44500
2009-01-01 39154
2010-01-01 38173
2011-01-01 39699
2012-01-01 39790
2013-01-01 40275
2014-01-01 39712
2015-01-01 42697
2016-01-01 46483
2017-01-01 47495
2018-01-01 50131
2019-01-01 53838
2020-01-01 57926
2021-01-01 52166
2022-01-01 61947
2023-01-01 63626

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