Federal Reserve Economic Data

Table Data - 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Fairbanks North Star Borough, AK

Title 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Fairbanks North Star Borough, AK
Series ID MHICIUBAK02090A052NCEN
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 1:10 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 35757
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 45746
1994-01-01 .
1995-01-01 51606
1996-01-01 .
1997-01-01 50047
1998-01-01 50933
1999-01-01 49654
2000-01-01 53804
2001-01-01 53249
2002-01-01 54870
2003-01-01 55604
2004-01-01 56224
2005-01-01 59087
2006-01-01 61689
2007-01-01 66142
2008-01-01 70149
2009-01-01 69936
2010-01-01 63534
2011-01-01 68293
2012-01-01 68333
2013-01-01 70922
2014-01-01 72573
2015-01-01 75524
2016-01-01 79263
2017-01-01 80311
2018-01-01 79242
2019-01-01 80326
2020-01-01 83401
2021-01-01 84365
2022-01-01 91736

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