90% Confidence Interval Upper Bound of Estimate of Median Household Income for Virginia
MHICIUBVA51000A052NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
90,813.00
Year-over-Year Change
45.60%
Date Range
1/1/1989 - 1/1/2023
Summary
The 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Virginia is a key economic indicator that provides insights into the financial well-being of households 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
This metric represents the upper bound of the 90% confidence interval for the estimate of median household income in Virginia. It is used by economists and policymakers to analyze trends in household income and assess the economic conditions within the state.
Methodology
The data is collected and calculated by the U.S. Census Bureau through its annual American Community Survey.
Historical Context
This trend is widely referenced by state-level economic analysts and policymakers to inform decision-making and policy development.
Key Facts
- The data is released annually by the U.S. Census Bureau.
- The upper bound represents the highest possible median household income within the 90% confidence interval.
- This trend is used to track changes in the financial well-being of Virginia households over time.
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 Virginia.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the financial well-being of Virginia households and is widely used by economists and policymakers to inform decision-making and policy development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through its annual American Community Survey.
Q: How is this trend used in economic policy?
A: This trend is referenced by state-level economic analysts and policymakers to assess the economic conditions within Virginia and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is released annually, and there may be some delays in the publication of the latest figures.
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Citation
U.S. Federal Reserve, 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Virginia (MHICIUBVA51000A052NCEN), retrieved from FRED.