Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Potter County, SD
Series ID MHICILBSD46107A052NCEN
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 1:12 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 18726
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 25491
1994-01-01 .
1995-01-01 25451
1996-01-01 .
1997-01-01 27895
1998-01-01 27953
1999-01-01 29565
2000-01-01 31083
2001-01-01 30183
2002-01-01 27736
2003-01-01 31144
2004-01-01 34272
2005-01-01 31846
2006-01-01 32407
2007-01-01 34131
2008-01-01 37172
2009-01-01 39092
2010-01-01 40578
2011-01-01 41193
2012-01-01 42994
2013-01-01 45994
2014-01-01 47465
2015-01-01 49396
2016-01-01 48416
2017-01-01 47858
2018-01-01 48791
2019-01-01 51090
2020-01-01 48384
2021-01-01 56965
2022-01-01 64433

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