Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Otero County, NM
Series ID MHICILBNM35035A052NCEN
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 1:11 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 20438
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 24120
1994-01-01 .
1995-01-01 24446
1996-01-01 .
1997-01-01 26519
1998-01-01 27980
1999-01-01 28243
2000-01-01 28614
2001-01-01 28548
2002-01-01 28636
2003-01-01 29554
2004-01-01 30470
2005-01-01 32224
2006-01-01 36921
2007-01-01 33562
2008-01-01 36206
2009-01-01 32873
2010-01-01 33852
2011-01-01 33961
2012-01-01 35439
2013-01-01 39544
2014-01-01 39613
2015-01-01 35121
2016-01-01 38743
2017-01-01 40683
2018-01-01 38921
2019-01-01 38654
2020-01-01 40910
2021-01-01 45778
2022-01-01 48353

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