Federal Reserve Economic Data

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

Title 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Florence County, SC
Series ID MHICIUBSC45041A052NCEN
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 25822
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 28378
1994-01-01 .
1995-01-01 32615
1996-01-01 .
1997-01-01 33668
1998-01-01 34010
1999-01-01 34782
2000-01-01 37500
2001-01-01 36458
2002-01-01 36444
2003-01-01 37223
2004-01-01 38178
2005-01-01 39590
2006-01-01 40718
2007-01-01 42939
2008-01-01 42947
2009-01-01 42680
2010-01-01 40454
2011-01-01 42046
2012-01-01 42929
2013-01-01 43550
2014-01-01 45289
2015-01-01 43427
2016-01-01 48372
2017-01-01 47040
2018-01-01 50897
2019-01-01 52741
2020-01-01 52087
2021-01-01 56184
2022-01-01 57664

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