Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Randolph County, IN
Series ID MHICILBIN18135A052NCEN
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 22446
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 25380
1994-01-01 .
1995-01-01 28142
1996-01-01 .
1997-01-01 30390
1998-01-01 31534
1999-01-01 32241
2000-01-01 33802
2001-01-01 33690
2002-01-01 33907
2003-01-01 34765
2004-01-01 35640
2005-01-01 35813
2006-01-01 35319
2007-01-01 36899
2008-01-01 38941
2009-01-01 34065
2010-01-01 38672
2011-01-01 36107
2012-01-01 37887
2013-01-01 38136
2014-01-01 37961
2015-01-01 38460
2016-01-01 43155
2017-01-01 42863
2018-01-01 42777
2019-01-01 46771
2020-01-01 62786
2021-01-01 45087
2022-01-01 52578
2023-01-01 52381

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