I am attempting to aggregate the median household value for a set of tracts using the 2014-2018 ACS 5-year. The base data is from table B19013, which reports the median household values in dollars for each census tract.
I'm doing my analysis in R.
What is the accepted methodology for aggregating median values? How should one calculate the MOEs for this aggregated medians?
I found this reference for re-calculating a median, but it is based on the range of household values:
http://www.dof.ca.gov/Forecasting/Demographics/Census_Data_Center_Network/documents/How_to_Recalculate_a_Median.pdf
Is there an approach to aggregating the median using the median values?
I'll post the code once I find a solution.
Thanks
Adam B.
hello! could you specify what you mean by the "range data"? Do you mean specifically the range of samples taken from survey responses, or the stated income ranges ACS groups by?