Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Magoffin County, KY
Series ID MHICILBKY21153A052NCEN
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 2:02 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 13147
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 13182
1994-01-01 .
1995-01-01 15650
1996-01-01 .
1997-01-01 15961
1998-01-01 17930
1999-01-01 19251
2000-01-01 19459
2001-01-01 19471
2002-01-01 19931
2003-01-01 21149
2004-01-01 21905
2005-01-01 19821
2006-01-01 22086
2007-01-01 23612
2008-01-01 23244
2009-01-01 24104
2010-01-01 26172
2011-01-01 25356
2012-01-01 25482
2013-01-01 27123
2014-01-01 26294
2015-01-01 27822
2016-01-01 25981
2017-01-01 25062
2018-01-01 27754
2019-01-01 28537
2020-01-01 27736
2021-01-01 30125
2022-01-01 31754
2023-01-01 35339

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