Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Knox County, IN
Series ID MHICILBIN18083A052NCEN
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 20310
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 24590
1994-01-01 .
1995-01-01 25954
1996-01-01 .
1997-01-01 27618
1998-01-01 28614
1999-01-01 29350
2000-01-01 30119
2001-01-01 29925
2002-01-01 30312
2003-01-01 31353
2004-01-01 32546
2005-01-01 35862
2006-01-01 32861
2007-01-01 37185
2008-01-01 36521
2009-01-01 34990
2010-01-01 36169
2011-01-01 35236
2012-01-01 38309
2013-01-01 41134
2014-01-01 40696
2015-01-01 39800
2016-01-01 41031
2017-01-01 40649
2018-01-01 44096
2019-01-01 43833
2020-01-01 40260
2021-01-01 52002
2022-01-01 52551
2023-01-01 51482

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