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90% Confidence Interval Upper Bound of Estimate of Median Household Income for Hernando County, FL (MHICIUBFL12053A052NCEN)

2023: 66,665
Updated: Dec 20, 2024 2:32 AM CST
2023:  66,665  
2022:  64,258  
2021:  58,888  
2020:  56,229  
2019:  53,166  

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Dollars,
Not Seasonally Adjusted

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Bar 1 - 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Hernando County, FL Vintage: 2023-12-14
Bar 1
(a) 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Hernando County, FL, Dollars, Not Seasonally Adjusted (MHICIUBFL12053A052NCEN)
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 (https://www.census.gov/programs-surveys/saipe/about.html) (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 (https://www.census.gov/programs-surveys/saipe/guidance/confidence-intervals.html).

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    For example, invert an exchange rate by using formula 1/a, where “a” refers to the first FRED data series added to this line. Or calculate the spread between 2 interest rates, a and b, by using the formula a - b.

    Use the assigned data series variables (a, b, c, etc.) together with operators (+, -, *, /, ^, etc.), parentheses and constants (1, 1.5, 2, etc.) to create your own formula (e.g., 1/a, a-b, (a+b)/2, (a/(a+b+c))*100). As noted above, you may add other data series to this line before entering a formula.

    Finally, you can change the units of your new series.

    Select a date that will equal 100 for your custom index:
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    Bar 1 - 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Hernando County, FL Vintage: 2023-12-14
    Bar 2
    (a) 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Hernando County, FL, Dollars, Not Seasonally Adjusted (MHICIUBFL12053A052NCEN)
    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 (https://www.census.gov/programs-surveys/saipe/about.html) (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 (https://www.census.gov/programs-surveys/saipe/guidance/confidence-intervals.html).

    Select a date that will equal 100 for your custom index:
      Enter date as YYYY-MM-DD
    to

    Write a custom formula to transform one or more series or combine two or more series.

    You can begin by adding a series to combine with your existing series.

    Type keywords to search for data

      Now create a custom formula to combine or transform the series.

      For example, invert an exchange rate by using formula 1/a, where “a” refers to the first FRED data series added to this line. Or calculate the spread between 2 interest rates, a and b, by using the formula a - b.

      Use the assigned data series variables (a, b, c, etc.) together with operators (+, -, *, /, ^, etc.), parentheses and constants (1, 1.5, 2, etc.) to create your own formula (e.g., 1/a, a-b, (a+b)/2, (a/(a+b+c))*100). As noted above, you may add other data series to this line before entering a formula.

      Finally, you can change the units of your new series.

      Select a date that will equal 100 for your custom index:
          Enter date as YYYY-MM-DD

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      Bar 1
      90% Confidence Interval Upper Bound of Estimate of Median Household Income for Hernando County, FL Vintage: 2023-12-14
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      Bar 2
      90% Confidence Interval Upper Bound of Estimate of Median Household Income for Hernando County, FL Vintage: 2024-12-17
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      Notes

      Title Release Dates

      2015-03-10 2024-12-17
       
      Source    

      2015-03-10 2024-12-17
       
      Release    

      2015-03-10 2024-12-17
       
      Units    

      2015-03-10 2024-12-17
       
      Frequency    

      2015-03-10 2024-12-17
       
      Seasonal Adjustment    

      2015-03-10 2024-12-17
       
      Notes    

      2015-03-10 2019-12-11
      2019-12-12 2024-12-17

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