Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Woodford County, KY
Series ID MHICILBKY21239A052NCEN
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 30991
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 36181
1994-01-01 .
1995-01-01 38061
1996-01-01 .
1997-01-01 42159
1998-01-01 45206
1999-01-01 45942
2000-01-01 47779
2001-01-01 47037
2002-01-01 45979
2003-01-01 45474
2004-01-01 47689
2005-01-01 56989
2006-01-01 57449
2007-01-01 51535
2008-01-01 53305
2009-01-01 47795
2010-01-01 51204
2011-01-01 49489
2012-01-01 53829
2013-01-01 55388
2014-01-01 52462
2015-01-01 52301
2016-01-01 53419
2017-01-01 58898
2018-01-01 59373
2019-01-01 60335
2020-01-01 59610
2021-01-01 69731
2022-01-01 68414
2023-01-01 68935

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