Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for McKinley County, NM
Series ID MHICILBNM35031A052NCEN
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 13579
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 17323
1994-01-01 .
1995-01-01 18041
1996-01-01 .
1997-01-01 18666
1998-01-01 18928
1999-01-01 21993
2000-01-01 23673
2001-01-01 22993
2002-01-01 23353
2003-01-01 24779
2004-01-01 25496
2005-01-01 25749
2006-01-01 25449
2007-01-01 30749
2008-01-01 27727
2009-01-01 28200
2010-01-01 27408
2011-01-01 26831
2012-01-01 27962
2013-01-01 25462
2014-01-01 26646
2015-01-01 27151
2016-01-01 28837
2017-01-01 30135
2018-01-01 31424
2019-01-01 33236
2020-01-01 32448
2021-01-01 37134
2022-01-01 40182

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