Federal Reserve Economic Data

Table Data - 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Grand County, CO

Title 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Grand County, CO
Series ID MHICIUBCO08049A052NCEN
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 1:11 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 29758
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 34685
1994-01-01 .
1995-01-01 39266
1996-01-01 .
1997-01-01 42027
1998-01-01 43826
1999-01-01 47930
2000-01-01 51757
2001-01-01 51502
2002-01-01 51424
2003-01-01 51613
2004-01-01 53255
2005-01-01 55689
2006-01-01 59302
2007-01-01 64425
2008-01-01 64798
2009-01-01 62799
2010-01-01 60565
2011-01-01 62221
2012-01-01 61504
2013-01-01 62872
2014-01-01 65076
2015-01-01 65962
2016-01-01 69958
2017-01-01 67108
2018-01-01 74489
2019-01-01 78752
2020-01-01 84897
2021-01-01 88403
2022-01-01 97985

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