Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Union County, NM
Series ID MHICILBNM35059A052NCEN
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 16945
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 19959
1994-01-01 .
1995-01-01 19028
1996-01-01 .
1997-01-01 23192
1998-01-01 23697
1999-01-01 25925
2000-01-01 27066
2001-01-01 26520
2002-01-01 25321
2003-01-01 26658
2004-01-01 27963
2005-01-01 27128
2006-01-01 28455
2007-01-01 33763
2008-01-01 30806
2009-01-01 30093
2010-01-01 30063
2011-01-01 29855
2012-01-01 30276
2013-01-01 35138
2014-01-01 32844
2015-01-01 33447
2016-01-01 34013
2017-01-01 34310
2018-01-01 36054
2019-01-01 33562
2020-01-01 36322
2021-01-01 36298
2022-01-01 43377
2023-01-01 39757

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