90% Confidence Interval Upper Bound of Estimate of Median Household Income for Iowa
This dataset tracks 90% confidence interval upper bound of estimate of median household income for iowa over time.
Latest Value
72767.00
Year-over-Year Change
44.93%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic indicator represents the upper bound of the 90% confidence interval for the estimated median household income in Iowa. It provides crucial insights into the distribution 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 of Estimate of Median Household Income for Iowa is a statistical measure that helps economists and policymakers understand the range of incomes across Iowa households. It serves as a valuable tool for analyzing income inequality and evaluating the economic well-being of the state's population.
Methodology
The data is calculated using survey responses and statistical modeling by the U.S. Census Bureau.
Historical Context
This trend is widely used by government agencies, researchers, and businesses to inform economic and social policies in Iowa.
Key Facts
- The upper bound represents the highest possible median household income within a 90% confidence interval.
- This metric helps identify income disparities and guide policies aimed at improving economic equity.
- The data is updated annually by the U.S. Census Bureau.
FAQs
Q: What does this economic trend measure?
A: The 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Iowa represents the highest possible median household income within a 90% confidence interval for the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides crucial insights into the distribution of household incomes in Iowa, helping economists and policymakers understand income inequality and evaluate the economic well-being of the state's population.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Census Bureau using survey responses and statistical modeling.
Q: How is this trend used in economic policy?
A: This trend is widely used by government agencies, researchers, and businesses to inform economic and social policies in Iowa, particularly those aimed at addressing income inequality and improving overall economic well-being.
Q: Are there update delays or limitations?
A: The data is updated annually by the U.S. Census Bureau, and there may be a delay of several months between the end of the reference period and the release of the updated figures.
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Citation
U.S. Federal Reserve, 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Iowa (MHICIUBIA19000A052NCEN), retrieved from FRED.