Federal Reserve Economic Data

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

Title 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Union County, NJ
Series ID MHICIUBNJ34039A052NCEN
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 41587
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 43665
1994-01-01 .
1995-01-01 48590
1996-01-01 .
1997-01-01 52870
1998-01-01 54177
1999-01-01 54752
2000-01-01 57817
2001-01-01 56312
2002-01-01 56383
2003-01-01 57115
2004-01-01 58541
2005-01-01 64322
2006-01-01 63858
2007-01-01 63097
2008-01-01 69299
2009-01-01 67356
2010-01-01 67977
2011-01-01 68313
2012-01-01 67952
2013-01-01 66868
2014-01-01 71197
2015-01-01 73069
2016-01-01 74185
2017-01-01 79251
2018-01-01 84194
2019-01-01 83412
2020-01-01 88381
2021-01-01 89497
2022-01-01 100552

Subscribe to the FRED newsletter


Follow us

Back to Top