Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Torrance County, NM
Series ID MHICILBNM35057A052NCEN
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 14793
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 19794
1994-01-01 .
1995-01-01 23540
1996-01-01 .
1997-01-01 23235
1998-01-01 24708
1999-01-01 26560
2000-01-01 27664
2001-01-01 27194
2002-01-01 26868
2003-01-01 27886
2004-01-01 28432
2005-01-01 29647
2006-01-01 34057
2007-01-01 32241
2008-01-01 33048
2009-01-01 29705
2010-01-01 33489
2011-01-01 30141
2012-01-01 30019
2013-01-01 31789
2014-01-01 34078
2015-01-01 32194
2016-01-01 32476
2017-01-01 33049
2018-01-01 35050
2019-01-01 34841
2020-01-01 41466
2021-01-01 40283
2022-01-01 42566

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