Federal Reserve Economic Data

Table Data - 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Richland Parish, LA

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Richland Parish, LA
Series ID MHICILBLA22083A052NCEN
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 13245
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 15570
1994-01-01 .
1995-01-01 16590
1996-01-01 .
1997-01-01 17382
1998-01-01 17826
1999-01-01 21583
2000-01-01 22467
2001-01-01 22017
2002-01-01 22054
2003-01-01 23414
2004-01-01 24057
2005-01-01 26545
2006-01-01 25526
2007-01-01 26509
2008-01-01 27435
2009-01-01 28768
2010-01-01 29731
2011-01-01 29144
2012-01-01 30598
2013-01-01 29416
2014-01-01 33773
2015-01-01 31078
2016-01-01 30443
2017-01-01 32522
2018-01-01 31389
2019-01-01 35018
2020-01-01 39857
2021-01-01 35025
2022-01-01 39371

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