Federal Reserve Economic Data

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

Title 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Petroleum County, MT
Series ID MHICIUBMT30069A052NCEN
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 19606
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 25177
1994-01-01 .
1995-01-01 24777
1996-01-01 .
1997-01-01 27633
1998-01-01 24942
1999-01-01 24807
2000-01-01 26576
2001-01-01 26571
2002-01-01 24106
2003-01-01 25290
2004-01-01 25639
2005-01-01 27983
2006-01-01 28113
2007-01-01 31156
2008-01-01 34405
2009-01-01 34568
2010-01-01 32555
2011-01-01 35228
2012-01-01 36954
2013-01-01 40957
2014-01-01 38830
2015-01-01 47424
2016-01-01 47909
2017-01-01 48451
2018-01-01 45573
2019-01-01 47172
2020-01-01 44155
2021-01-01 54181
2022-01-01 55067

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