Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Lake County, SD
Series ID MHICILBSD46079A052NCEN
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 20406
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 26753
1994-01-01 .
1995-01-01 28339
1996-01-01 .
1997-01-01 30995
1998-01-01 32117
1999-01-01 32699
2000-01-01 33734
2001-01-01 33626
2002-01-01 34096
2003-01-01 36116
2004-01-01 36684
2005-01-01 35830
2006-01-01 38067
2007-01-01 37905
2008-01-01 42570
2009-01-01 40974
2010-01-01 42055
2011-01-01 44872
2012-01-01 45704
2013-01-01 48624
2014-01-01 47608
2015-01-01 51906
2016-01-01 51484
2017-01-01 53376
2018-01-01 56032
2019-01-01 56773
2020-01-01 57172
2021-01-01 59769
2022-01-01 66353

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