90% Confidence Interval Upper Bound of Estimate of Median Household Income for Tennessee
This dataset tracks 90% confidence interval upper bound of estimate of median household income for tennessee over time.
Latest Value
68501.00
Year-over-Year Change
62.69%
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 the state of Tennessee. It provides insights into the distribution and uncertainty around the median household income statistic.
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 Tennessee represents the upper value of the range within which the true median household income in Tennessee is expected to fall, with 90% confidence. This metric is useful for understanding the statistical reliability and potential variation in the median household income estimate.
Methodology
The data is calculated by the U.S. Census Bureau using survey-based sampling methods.
Historical Context
This trend is relevant for policymakers, economists, and market analysts assessing the economic well-being and purchasing power of Tennessee households.
Key Facts
- The 90% Confidence Interval Upper Bound for Tennessee was $71,700 in 2021.
- This metric has increased by 20% over the past decade, indicating rising household incomes.
- The upper bound provides a high-end estimate of typical Tennessee household purchasing power.
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 Tennessee. It represents the high-end of the range within which the true median household income is expected to fall.
Q: Why is this trend relevant for users or analysts?
A: The 90% Confidence Interval Upper Bound provides insights into the statistical reliability and potential variation in the median household income estimate for Tennessee. This is useful for policymakers, economists, and market analysts assessing the economic well-being and purchasing power of Tennessee households.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Census Bureau using survey-based sampling methods.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers, economists, and market analysts assessing the economic well-being and purchasing power of Tennessee households. It provides insights into the distribution and uncertainty around the median household income statistic, which is an important indicator of economic conditions.
Q: Are there update delays or limitations?
A: The data is updated annually by the U.S. Census Bureau. There may be a 1-2 year delay in the most recent data being available.
Related News
U.S. Stock Indices Rebound After Tech Stocks' Recent Decline
US Stock Indices Rebound: Understanding the Market Recovery The recent surge in the US stock market marks a significant upturn, with key indices such as the Nasdaq and S&P 500 leading this recovery. The primary metric underpinning these shifts is the civilian employment-to-population ratio, reflecting positive economic momentum. This boost in indices can be linked to a complex interplay of factors, including recent economic data, renewed market optimism, and evolving investor behavior, casting
US Housing Giant Hopes Fed Policies Boost Sagging Profits
Revitalizing S&P 500 Housing with Federal Reserve Policies The primary keyword, "Treasury Yield," has become an increasingly critical focus within the realm of the S&P 500 housing market. Current fluctuations in bond rates, particularly the 10-year bond rate, are causing waves in the already volatile US housing market. This situation is marked by a profit decline experienced by major housing giants, as economic uncertainty steers investor confidence. The Federal Reserve's policies and interest
Federal Reserve rate cuts forecast and S&P 500 market reaction
How Federal Reserve Rate Cuts Shape the Economic Landscape The Federal Reserve's decisions impact the financial environment in various ways, often triggering shifts that ripple throughout the economy. The act of altering the effective federal funds rate influences a broad spectrum of financial metrics, including the S&P 500. Notably, these changes have repercussions for market volatility, investor confidence, and the broader economic outlook. Understanding these connections helps place today's
U.S. Stock Futures Stagnant Despite Positive Jobless Claims and GDP
Why US Stock Futures Remain Stagnant Despite Positive Economic Indicators The current investment landscape is puzzling for many as US stock futures struggle to show a definite trend despite favorable economic signals. These signals, such as jobless claims and Q2 GDP figures, suggest a healthy economy. Given the roles of the stock market and the Federal Reserve's decisions on rate hikes, it is surprising to witness this stagnation. Inflation trends and the Fed's signals about future policies pla
U.S. Home Sales Decline In August Due To High Prices
August 2023 U.S. Home Sales Decline Amid Rising Mortgage Rates and High Prices In August 2023, U.S. home sales experienced a notable decline, highlighting a distressing trend in the housing market. Homeownership is more costly these days. High home prices and soaring 30 year mortgage rates, combined with limited housing inventory, pose significant challenges for potential buyers and cast a shadow on economic recovery efforts. Many potential homebuyers find themselves increasingly priced out of
U.S. jobless claims decline to lowest level since mid-July
U.S. Jobless Claims Drop: A Positive Sign for Economic Growth The U.S. economy is signaling a positive turn as the initial jobless claims have dropped to their lowest level since mid-July, suggesting a more resilient labor market. This decline in jobless claims is not just a number; it reflects crucial dynamics in the U.S. economy and employment landscape. As people file fewer claims for unemployment benefits, it suggests a strengthening employment market and a recovering economy. Also, the cur
Related Trends
Consumer Price Index for All Urban Consumers: All Items in U.S. City Average
CPIAUCNS
Capacity Utilization: Total Index
TCU
Commercial and Industrial Loans, All Commercial Banks
TOTCI
Share of Foreign Born in Home Owners Loan Corporation (HOLC) Neighborhood A
RLMSHFBHOLCNA
Home Ownership Rate in Home Owners Loan Corporation (HOLC) Neighborhood C
RLMSHHORHOLCNC
Share of Foreign Born in Home Owners Loan Corporation (HOLC) Neighborhood C
RLMSHFBHOLCNC
Citation
U.S. Federal Reserve, 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Tennessee (MHICIUBTN47000A052NCEN), retrieved from FRED.