Federal Reserve Economic Data

Table Data - 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Northwest Arctic Borough, AK

Title 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Northwest Arctic Borough, AK
Series ID MHICIUBAK02188A052NCEN
Source U.S. Census Bureau
Release Small Area Income and Poverty Estimates
Seasonal Adjustment Not Seasonally Adjusted
Frequency Annual
Units Dollars
Date Range 1993-01-01 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
1993-01-01 40501
1994-01-01 .
1995-01-01 50421
1996-01-01 .
1997-01-01 42862
1998-01-01 41980
1999-01-01 43174
2000-01-01 46386
2001-01-01 45448
2002-01-01 46380
2003-01-01 45382
2004-01-01 45345
2005-01-01 52403
2006-01-01 52882
2007-01-01 54528
2008-01-01 62028
2009-01-01 57523
2010-01-01 54168
2011-01-01 58979
2012-01-01 56686
2013-01-01 58945
2014-01-01 68800
2015-01-01 58334
2016-01-01 59464
2017-01-01 58638
2018-01-01 64570
2019-01-01 68506
2020-01-01 74042
2021-01-01 75635
2022-01-01 75514

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