Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Mercer County, KY
Series ID MHICILBKY21167A052NCEN
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 1:12 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 21139
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 25024
1994-01-01 .
1995-01-01 26921
1996-01-01 .
1997-01-01 29452
1998-01-01 31890
1999-01-01 33342
2000-01-01 34704
2001-01-01 34158
2002-01-01 34483
2003-01-01 35329
2004-01-01 35901
2005-01-01 34250
2006-01-01 38232
2007-01-01 45740
2008-01-01 38886
2009-01-01 40293
2010-01-01 38156
2011-01-01 36593
2012-01-01 37330
2013-01-01 39890
2014-01-01 39969
2015-01-01 42098
2016-01-01 46833
2017-01-01 43206
2018-01-01 49641
2019-01-01 50677
2020-01-01 45887
2021-01-01 47297
2022-01-01 59200

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