Federal Reserve Economic Data

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

Title 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Benton County, IN
Series ID MHICIUBIN18007A052NCEN
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 2:31 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 28035
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 34384
1994-01-01 .
1995-01-01 36008
1996-01-01 .
1997-01-01 40001
1998-01-01 41217
1999-01-01 41449
2000-01-01 44362
2001-01-01 43563
2002-01-01 43073
2003-01-01 42323
2004-01-01 44167
2005-01-01 46043
2006-01-01 47224
2007-01-01 48676
2008-01-01 50009
2009-01-01 45210
2010-01-01 51959
2011-01-01 49588
2012-01-01 52502
2013-01-01 53490
2014-01-01 50745
2015-01-01 55245
2016-01-01 49825
2017-01-01 57022
2018-01-01 56757
2019-01-01 61299
2020-01-01 67129
2021-01-01 67499
2022-01-01 68493
2023-01-01 71381

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