90% Confidence Interval Lower Bound of Estimate of Median Household Income for Delaware
MHICILBDE10000A052NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
80,048.00
Year-over-Year Change
40.78%
Date Range
1/1/1989 - 1/1/2023
Summary
This series represents the lower bound of the 90% confidence interval for the estimate of median household income in Delaware. It provides insights into the economic well-being and purchasing power of Delaware households.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Delaware is a statistical measure that helps analysts and policymakers understand the distribution and uncertainty around the median household income in the state. It indicates the lower end of the range where the true median income is likely to fall with 90% confidence.
Methodology
The data is collected and calculated by the U.S. Census Bureau as part of their annual American Community Survey.
Historical Context
This trend is used by economists, market analysts, and policymakers to assess the economic conditions and purchasing power of Delaware households.
Key Facts
- The 90% confidence interval lower bound for Delaware's median household income in the latest year was $58,302.
- This measure helps identify potential disparities in household income within the state.
- The lower bound provides a conservative estimate of the minimum income level for a typical Delaware household.
FAQs
Q: What does this economic trend measure?
A: This trend measures the lower bound of the 90% confidence interval for the estimate of median household income in the state of Delaware. It provides a statistical estimate of the minimum income level for a typical Delaware household.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the economic well-being and purchasing power of Delaware households. It helps identify potential disparities and can inform economic and social policies targeted at improving household incomes.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau as part of their annual American Community Survey.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the economic conditions and purchasing power of Delaware households, which can inform decisions on economic, social, and tax policies.
Q: Are there update delays or limitations?
A: The data is updated annually by the U.S. Census Bureau, with a typical release delay of about a year. The confidence interval provides a range, so the true median household income may fall outside the reported lower bound.
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Citation
U.S. Census Bureau, 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Delaware (MHICILBDE10000A052NCEN), retrieved from FRED.