Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Sumter County, FL
Series ID MHICILBFL12119A052NCEN
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 14954
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 17756
1994-01-01 .
1995-01-01 20875
1996-01-01 .
1997-01-01 22504
1998-01-01 24262
1999-01-01 28003
2000-01-01 29371
2001-01-01 28369
2002-01-01 29391
2003-01-01 31773
2004-01-01 34964
2005-01-01 33622
2006-01-01 39424
2007-01-01 39741
2008-01-01 43749
2009-01-01 43267
2010-01-01 42642
2011-01-01 41463
2012-01-01 43365
2013-01-01 49970
2014-01-01 48276
2015-01-01 50146
2016-01-01 52162
2017-01-01 53069
2018-01-01 52581
2019-01-01 58781
2020-01-01 53987
2021-01-01 63697
2022-01-01 71389

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