90% Confidence Interval Upper Bound of Estimate of Median Household Income for Arizona
MHICIUBAZ04000A052NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
78,072.00
Year-over-Year Change
65.24%
Date Range
1/1/1989 - 1/1/2023
Summary
This trend measures the upper bound of the 90% confidence interval for the estimate of median household income in Arizona. It provides a statistical range that helps assess income distribution and economic well-being in the state.
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 upper bound reflects the highest plausible value for the median household income in Arizona, given the survey data. This metric is useful for understanding income inequality, standard of living, and potential policy impacts within the state.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This economic indicator informs policymakers and analysts about household financial conditions in Arizona.
Key Facts
- The 90% confidence interval represents a statistical range with a 90% probability of containing the true median household income.
- The upper bound indicates the highest plausible value for the median household income in Arizona.
- This metric helps assess economic well-being and guide policy decisions in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the upper bound of the 90% confidence interval for the estimate of median household income in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: The 90% confidence interval upper bound provides a statistical range that helps assess income distribution, standard of living, and potential policy impacts within Arizona.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's American Community Survey.
Q: How is this trend used in economic policy?
A: This economic indicator informs policymakers and analysts about household financial conditions in Arizona, which can guide policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and methodological limitations of the American Community Survey.
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Citation
U.S. Federal Reserve, 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Arizona (MHICIUBAZ04000A052NCEN), retrieved from FRED.