Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for McLean County, KY
Series ID MHICILBKY21149A052NCEN
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 18790
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 22277
1994-01-01 .
1995-01-01 22984
1996-01-01 .
1997-01-01 25745
1998-01-01 27961
1999-01-01 28799
2000-01-01 29785
2001-01-01 30002
2002-01-01 29685
2003-01-01 29793
2004-01-01 29814
2005-01-01 29679
2006-01-01 31242
2007-01-01 34282
2008-01-01 33896
2009-01-01 33928
2010-01-01 35444
2011-01-01 35242
2012-01-01 36093
2013-01-01 35528
2014-01-01 38153
2015-01-01 40079
2016-01-01 39066
2017-01-01 39831
2018-01-01 43893
2019-01-01 45950
2020-01-01 40797
2021-01-01 47093
2022-01-01 48955

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