Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Broome County, NY
Series ID MHICILBNY36007A052NCEN
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 27045
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 29669
1994-01-01 .
1995-01-01 30021
1996-01-01 .
1997-01-01 32429
1998-01-01 32966
1999-01-01 32590
2000-01-01 33839
2001-01-01 33406
2002-01-01 33596
2003-01-01 34073
2004-01-01 34881
2005-01-01 34999
2006-01-01 40063
2007-01-01 41179
2008-01-01 40409
2009-01-01 41199
2010-01-01 41935
2011-01-01 41599
2012-01-01 42746
2013-01-01 42960
2014-01-01 43867
2015-01-01 43892
2016-01-01 47914
2017-01-01 45452
2018-01-01 48379
2019-01-01 48874
2020-01-01 47493
2021-01-01 52096
2022-01-01 57530

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