Federal Reserve Economic Data

Table Data - 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Colorado

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Colorado
Series ID MHICILBCO08000A052NCEN
Source U.S. Census Bureau
Release Small Area Income and Poverty Estimates
Seasonal Adjustment Not Seasonally Adjusted
Frequency Annual
Units Dollars
Date Range 1989-01-01 to 2023-01-01
Last Updated 2024-12-20 2:33 AM 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
1989-01-01 27177
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 31812
1994-01-01 .
1995-01-01 35588
1996-01-01 36863
1997-01-01 38954
1998-01-01 41386
1999-01-01 44067
2000-01-01 45665
2001-01-01 46980
2002-01-01 46326
2003-01-01 47800
2004-01-01 48618
2005-01-01 50312
2006-01-01 51785
2007-01-01 54892
2008-01-01 56573
2009-01-01 55065
2010-01-01 53726
2011-01-01 54944
2012-01-01 56305
2013-01-01 58171
2014-01-01 60846
2015-01-01 63089
2016-01-01 65097
2017-01-01 68361
2018-01-01 71309
2019-01-01 76329
2020-01-01 76545
2021-01-01 81447
2022-01-01 87864
2023-01-01 91759

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