Federal Reserve Economic Data

Table Data - 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Northwest Arctic Borough, AK

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Northwest Arctic Borough, AK
Series ID MHICILBAK02188A052NCEN
Source U.S. Census Bureau
Release Small Area Income and Poverty Estimates
Seasonal Adjustment Not Seasonally Adjusted
Frequency Annual
Units Dollars
Date Range 1993-01-01 to 2022-01-01
Last Updated 2023-12-14 1:12 PM CST
Notes The U.S. Census Bureau provides annual estimates of income and poverty statistics for all school districts, counties, and states through the Small Area Income and Poverty Estimates (SAIPE) program. The bureau's main objective with this program is to provide estimates of income and poverty for the administration of federal programs and the allocation of federal funds to local jurisdictions. In addition to these federal programs, state and local programs use the income and poverty estimates for distributing funds and managing programs.

Household income includes income of the householder and all other people 15 years and older in the household, whether or not they are related to the householder. Median is the point that divides the household income distributions into two halves: one-half with income above the median and the other with income below the median. The median is based on the income distribution of all households, including those with no income.

A confidence interval is a range of values, from the lower bound to the respective upper bound, that describes the uncertainty surrounding an estimate. A confidence interval is also itself an estimate. It is made using a model of how sampling, interviewing, measuring, and modeling contribute to uncertainty about the relation between the true value of the quantity we are estimating and our estimate of that value. The "90%" in the confidence interval listed above represents a level of certainty about our estimate. If we were to repeatedly make new estimates using exactly the same procedure (by drawing a new sample, conducting new interviews, calculating new estimates and new confidence intervals), the confidence intervals would contain the average of all the estimates 90% of the time. For more details about the confidence intervals and their interpretation, see this explanation.
DATE VALUE
1993-01-01 33953
1994-01-01 .
1995-01-01 41900
1996-01-01 .
1997-01-01 35355
1998-01-01 34010
1999-01-01 37213
2000-01-01 39529
2001-01-01 38741
2002-01-01 39689
2003-01-01 39298
2004-01-01 39321
2005-01-01 44156
2006-01-01 44401
2007-01-01 45807
2008-01-01 53414
2009-01-01 47020
2010-01-01 44764
2011-01-01 50381
2012-01-01 49204
2013-01-01 50255
2014-01-01 61584
2015-01-01 49214
2016-01-01 47920
2017-01-01 47482
2018-01-01 54104
2019-01-01 54814
2020-01-01 56346
2021-01-01 59537
2022-01-01 62954

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