Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Woodward County, OK
Series ID MHICILBOK40153A052NCEN
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 22289
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 25417
1994-01-01 .
1995-01-01 25949
1996-01-01 .
1997-01-01 29825
1998-01-01 30386
1999-01-01 30766
2000-01-01 32097
2001-01-01 32594
2002-01-01 32302
2003-01-01 33844
2004-01-01 35629
2005-01-01 37558
2006-01-01 38778
2007-01-01 41396
2008-01-01 44304
2009-01-01 44920
2010-01-01 44894
2011-01-01 43981
2012-01-01 44375
2013-01-01 48958
2014-01-01 50406
2015-01-01 54339
2016-01-01 52054
2017-01-01 47715
2018-01-01 49663
2019-01-01 69672
2020-01-01 48166
2021-01-01 50205
2022-01-01 58926
2023-01-01 52289

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