Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Colfax County, NM
Series ID MHICILBNM35007A052NCEN
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 16321
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 21240
1994-01-01 .
1995-01-01 23165
1996-01-01 .
1997-01-01 24286
1998-01-01 24653
1999-01-01 27450
2000-01-01 28847
2001-01-01 28545
2002-01-01 28806
2003-01-01 29702
2004-01-01 30345
2005-01-01 30675
2006-01-01 31450
2007-01-01 32397
2008-01-01 33455
2009-01-01 35665
2010-01-01 33172
2011-01-01 30826
2012-01-01 33202
2013-01-01 33642
2014-01-01 33232
2015-01-01 33562
2016-01-01 34407
2017-01-01 35110
2018-01-01 37343
2019-01-01 37783
2020-01-01 36806
2021-01-01 37752
2022-01-01 44266
2023-01-01 48614

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