Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Petroleum County, MT
Series ID MHICILBMT30069A052NCEN
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 14796
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 19506
1994-01-01 .
1995-01-01 18108
1996-01-01 .
1997-01-01 20816
1998-01-01 18290
1999-01-01 21607
2000-01-01 22804
2001-01-01 22958
2002-01-01 20477
2003-01-01 22063
2004-01-01 22374
2005-01-01 23171
2006-01-01 23271
2007-01-01 25353
2008-01-01 28081
2009-01-01 28191
2010-01-01 26757
2011-01-01 28554
2012-01-01 30272
2013-01-01 33595
2014-01-01 31354
2015-01-01 38414
2016-01-01 38551
2017-01-01 38887
2018-01-01 36445
2019-01-01 36990
2020-01-01 33167
2021-01-01 42101
2022-01-01 42915

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