Federal Reserve Economic Data

Table Data - 90% Confidence Interval Upper Bound of Estimate of Median Household Income for New Mexico

Title 90% Confidence Interval Upper Bound of Estimate of Median Household Income for New Mexico
Series ID MHICIUBNM35000A052NCEN
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 1:52 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 24644
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 27996
1994-01-01 .
1995-01-01 29251
1996-01-01 28702
1997-01-01 32329
1998-01-01 33063
1999-01-01 34025
2000-01-01 36341
2001-01-01 35168
2002-01-01 36549
2003-01-01 36542
2004-01-01 39439
2005-01-01 38291
2006-01-01 41271
2007-01-01 42148
2008-01-01 44590
2009-01-01 43749
2010-01-01 42867
2011-01-01 42854
2012-01-01 43671
2013-01-01 44918
2014-01-01 45710
2015-01-01 46363
2016-01-01 47638
2017-01-01 48198
2018-01-01 48273
2019-01-01 52961
2020-01-01 53577
2021-01-01 55730
2022-01-01 61097

Subscribe to the FRED newsletter


Follow us

Back to Top