Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Bingham County, ID
Series ID MHICILBID16011A052NCEN
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 1:54 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 24251
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 28630
1994-01-01 .
1995-01-01 31084
1996-01-01 .
1997-01-01 31517
1998-01-01 31659
1999-01-01 33129
2000-01-01 34747
2001-01-01 34262
2002-01-01 35286
2003-01-01 35747
2004-01-01 36670
2005-01-01 37567
2006-01-01 37682
2007-01-01 39969
2008-01-01 42216
2009-01-01 39904
2010-01-01 40391
2011-01-01 41908
2012-01-01 43071
2013-01-01 44374
2014-01-01 44178
2015-01-01 45230
2016-01-01 47338
2017-01-01 48638
2018-01-01 45985
2019-01-01 55390
2020-01-01 58594
2021-01-01 57798
2022-01-01 64777

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