Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Grant County, NM
Series ID MHICILBNM35017A052NCEN
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 19000
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 21162
1994-01-01 .
1995-01-01 24030
1996-01-01 .
1997-01-01 25990
1998-01-01 27294
1999-01-01 27325
2000-01-01 28208
2001-01-01 26916
2002-01-01 26281
2003-01-01 26570
2004-01-01 28096
2005-01-01 28546
2006-01-01 30293
2007-01-01 30721
2008-01-01 32877
2009-01-01 31617
2010-01-01 34027
2011-01-01 31625
2012-01-01 32843
2013-01-01 37014
2014-01-01 34376
2015-01-01 36480
2016-01-01 36025
2017-01-01 36801
2018-01-01 34814
2019-01-01 38547
2020-01-01 39136
2021-01-01 40964
2022-01-01 42446
2023-01-01 43383

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