Federal Reserve Economic Data

Table Data - 90% Confidence Interval Lower Bound of Estimate of Median Household Income for South Dakota

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for South Dakota
Series ID MHICILBSD46000A052NCEN
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 1:53 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 21043
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 25584
1994-01-01 .
1995-01-01 27925
1996-01-01 28059
1997-01-01 29652
1998-01-01 31587
1999-01-01 33650
2000-01-01 34446
2001-01-01 35524
2002-01-01 35274
2003-01-01 36519
2004-01-01 37753
2005-01-01 39305
2006-01-01 41574
2007-01-01 42662
2008-01-01 45165
2009-01-01 44019
2010-01-01 44856
2011-01-01 46895
2012-01-01 47546
2013-01-01 48195
2014-01-01 50111
2015-01-01 52229
2016-01-01 53748
2017-01-01 55674
2018-01-01 55711
2019-01-01 58658
2020-01-01 59478
2021-01-01 64779
2022-01-01 68664

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