Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Henry County, IL
Series ID MHICILBIL17073A052NCEN
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 3:13 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 24703
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 28858
1994-01-01 .
1995-01-01 31909
1996-01-01 .
1997-01-01 35579
1998-01-01 36685
1999-01-01 37381
2000-01-01 38879
2001-01-01 38630
2002-01-01 39011
2003-01-01 39874
2004-01-01 41574
2005-01-01 40289
2006-01-01 42856
2007-01-01 43520
2008-01-01 45829
2009-01-01 46435
2010-01-01 45569
2011-01-01 47891
2012-01-01 51025
2013-01-01 48848
2014-01-01 47137
2015-01-01 56056
2016-01-01 51167
2017-01-01 54025
2018-01-01 53021
2019-01-01 56833
2020-01-01 57173
2021-01-01 57921
2022-01-01 64966
2023-01-01 66891

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