Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Smith County, MS
Series ID MHICILBMS28129A052NCEN
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 15832
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 19473
1994-01-01 .
1995-01-01 22224
1996-01-01 .
1997-01-01 23283
1998-01-01 24652
1999-01-01 27498
2000-01-01 28345
2001-01-01 27699
2002-01-01 26259
2003-01-01 27430
2004-01-01 29790
2005-01-01 30858
2006-01-01 32981
2007-01-01 31578
2008-01-01 31844
2009-01-01 31543
2010-01-01 33621
2011-01-01 32680
2012-01-01 31551
2013-01-01 32954
2014-01-01 35018
2015-01-01 36461
2016-01-01 34442
2017-01-01 38572
2018-01-01 42575
2019-01-01 40649
2020-01-01 41548
2021-01-01 42500
2022-01-01 45324

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