90% Confidence Interval Upper Bound of Estimate of Median Household Income for Delaware
MHICIUBDE10000A052NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
83,182.00
Year-over-Year Change
39.90%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the upper bound of the 90% confidence interval for the estimate of median household income in Delaware. It provides important insights into the distribution and variability of household incomes within 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 for median household income in Delaware represents the upper limit of the range within which the true median household income is expected to fall, with 90% confidence. This metric is useful for policymakers and analysts to understand the uncertainty around income estimates and income inequality within the state.
Methodology
The data is collected and calculated by the U.S. Census Bureau.
Historical Context
This trend is used by economists, policymakers, and market analysts to assess the economic well-being and income distribution within Delaware.
Key Facts
- The upper bound has increased from $63,270 in 2010 to $71,462 in 2019.
- Delaware's upper bound is higher than the national average of $68,703.
- The gap between the upper and lower bounds has widened over time, indicating rising income inequality.
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 Delaware.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the distribution and variability of household incomes within Delaware, which is useful for policymakers and analysts to assess economic well-being and income inequality.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and market analysts to assess the economic well-being and income distribution within Delaware.
Q: Are there update delays or limitations?
A: The data is released annually by the Census Bureau, so there may be a delay of up to a year in the most recent data.
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Citation
U.S. Census Bureau, 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Delaware (MHICIUBDE10000A052NCEN), retrieved from FRED.