Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Grand County, CO
Series ID MHICILBCO08049A052NCEN
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 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
1989-01-01 25078
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 30045
1994-01-01 .
1995-01-01 32955
1996-01-01 .
1997-01-01 35686
1998-01-01 37498
1999-01-01 41932
2000-01-01 44437
2001-01-01 44655
2002-01-01 44563
2003-01-01 45289
2004-01-01 46769
2005-01-01 46398
2006-01-01 49936
2007-01-01 53812
2008-01-01 52992
2009-01-01 53619
2010-01-01 51071
2011-01-01 51739
2012-01-01 50878
2013-01-01 51752
2014-01-01 53682
2015-01-01 53808
2016-01-01 57792
2017-01-01 55374
2018-01-01 63939
2019-01-01 63306
2020-01-01 64071
2021-01-01 69155
2022-01-01 78133

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