Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Grant County, SD
Series ID MHICILBSD46051A052NCEN
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 21527
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 26882
1994-01-01 .
1995-01-01 27058
1996-01-01 .
1997-01-01 31288
1998-01-01 31886
1999-01-01 32142
2000-01-01 33384
2001-01-01 33107
2002-01-01 33707
2003-01-01 34470
2004-01-01 36097
2005-01-01 34952
2006-01-01 35334
2007-01-01 37713
2008-01-01 39243
2009-01-01 38195
2010-01-01 41121
2011-01-01 42334
2012-01-01 43309
2013-01-01 47432
2014-01-01 47953
2015-01-01 46050
2016-01-01 49563
2017-01-01 53113
2018-01-01 54176
2019-01-01 53278
2020-01-01 51508
2021-01-01 59554
2022-01-01 63122

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