Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Posey County, IN
Series ID MHICILBIN18129A052NCEN
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 30110
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 34914
1994-01-01 .
1995-01-01 38215
1996-01-01 .
1997-01-01 41904
1998-01-01 43541
1999-01-01 42258
2000-01-01 43455
2001-01-01 43850
2002-01-01 44801
2003-01-01 45953
2004-01-01 47623
2005-01-01 48791
2006-01-01 53440
2007-01-01 51477
2008-01-01 49692
2009-01-01 50774
2010-01-01 51175
2011-01-01 50558
2012-01-01 57309
2013-01-01 53703
2014-01-01 54485
2015-01-01 54290
2016-01-01 56897
2017-01-01 60255
2018-01-01 61447
2019-01-01 61281
2020-01-01 56634
2021-01-01 66995
2022-01-01 67965
2023-01-01 69692

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