Federal Reserve Economic Data

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

Title 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Magoffin County, KY
Series ID MHICIUBKY21153A052NCEN
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 18141
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 18143
1994-01-01 .
1995-01-01 22044
1996-01-01 .
1997-01-01 22605
1998-01-01 24533
1999-01-01 22371
2000-01-01 22938
2001-01-01 22783
2002-01-01 23295
2003-01-01 24427
2004-01-01 25250
2005-01-01 23485
2006-01-01 26377
2007-01-01 28689
2008-01-01 28535
2009-01-01 29526
2010-01-01 31714
2011-01-01 30652
2012-01-01 30656
2013-01-01 32511
2014-01-01 32548
2015-01-01 32020
2016-01-01 32011
2017-01-01 31092
2018-01-01 34146
2019-01-01 35553
2020-01-01 37042
2021-01-01 38721
2022-01-01 39584
2023-01-01 44985

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