Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Smith County, TX
Series ID MHICILBTX48423A052NCEN
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 2023-01-01
Last Updated 2024-12-20 3:12 AM 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 23340
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 26730
1994-01-01 .
1995-01-01 28995
1996-01-01 .
1997-01-01 31263
1998-01-01 32592
1999-01-01 33896
2000-01-01 35390
2001-01-01 35049
2002-01-01 35302
2003-01-01 36309
2004-01-01 37263
2005-01-01 36758
2006-01-01 39163
2007-01-01 42664
2008-01-01 44843
2009-01-01 43730
2010-01-01 41265
2011-01-01 41700
2012-01-01 43527
2013-01-01 44850
2014-01-01 42404
2015-01-01 46828
2016-01-01 49447
2017-01-01 50482
2018-01-01 53262
2019-01-01 55244
2020-01-01 55696
2021-01-01 59841
2022-01-01 65204
2023-01-01 65787

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