Federal Reserve Economic Data

Table Data - 90% Confidence Interval Lower Bound of Estimate of Median Household Income for New Mexico

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for New Mexico
Series ID MHICILBNM35000A052NCEN
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 2:32 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 22496
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 25608
1994-01-01 .
1995-01-01 26607
1996-01-01 25327
1997-01-01 29344
1998-01-01 29826
1999-01-01 31316
2000-01-01 32633
2001-01-01 32299
2002-01-01 33105
2003-01-01 33640
2004-01-01 36237
2005-01-01 36915
2006-01-01 39949
2007-01-01 40869
2008-01-01 42848
2009-01-01 41910
2010-01-01 41505
2011-01-01 41340
2012-01-01 41985
2013-01-01 43134
2014-01-01 44100
2015-01-01 44685
2016-01-01 46050
2017-01-01 45974
2018-01-01 46537
2019-01-01 51081
2020-01-01 50993
2021-01-01 52878
2022-01-01 58587
2023-01-01 61051

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