Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Smith County, TN
Series ID MHICILBTN47159A052NCEN
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 21797
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 24684
1994-01-01 .
1995-01-01 27116
1996-01-01 .
1997-01-01 28983
1998-01-01 30104
1999-01-01 32344
2000-01-01 33775
2001-01-01 33336
2002-01-01 34061
2003-01-01 34936
2004-01-01 35573
2005-01-01 35595
2006-01-01 39058
2007-01-01 40038
2008-01-01 40893
2009-01-01 37267
2010-01-01 35994
2011-01-01 38212
2012-01-01 39030
2013-01-01 39539
2014-01-01 40290
2015-01-01 40430
2016-01-01 42190
2017-01-01 42635
2018-01-01 46093
2019-01-01 48276
2020-01-01 53762
2021-01-01 53125
2022-01-01 57215

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