Federal Reserve Economic Data

Table Data - 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Elbert County, CO

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Elbert County, CO
Series ID MHICILBCO08039A052NCEN
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 32488
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 42131
1994-01-01 .
1995-01-01 50834
1996-01-01 .
1997-01-01 49314
1998-01-01 54547
1999-01-01 58730
2000-01-01 61017
2001-01-01 61590
2002-01-01 62036
2003-01-01 62448
2004-01-01 65256
2005-01-01 64521
2006-01-01 69667
2007-01-01 70700
2008-01-01 69862
2009-01-01 73441
2010-01-01 71661
2011-01-01 71482
2012-01-01 75244
2013-01-01 74329
2014-01-01 77865
2015-01-01 82982
2016-01-01 83858
2017-01-01 94392
2018-01-01 91887
2019-01-01 92370
2020-01-01 97451
2021-01-01 104576
2022-01-01 108671
2023-01-01 112871

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