Federal Reserve Economic Data

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

Title 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Otero County, NM
Series ID MHICIUBNM35035A052NCEN
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 1:51 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 24699
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 28385
1994-01-01 .
1995-01-01 30073
1996-01-01 .
1997-01-01 32289
1998-01-01 33725
1999-01-01 32030
2000-01-01 33103
2001-01-01 32597
2002-01-01 32749
2003-01-01 33418
2004-01-01 34453
2005-01-01 36621
2006-01-01 40704
2007-01-01 39138
2008-01-01 41667
2009-01-01 38242
2010-01-01 39404
2011-01-01 37827
2012-01-01 42089
2013-01-01 44376
2014-01-01 43859
2015-01-01 41641
2016-01-01 45247
2017-01-01 45993
2018-01-01 46481
2019-01-01 47616
2020-01-01 52560
2021-01-01 53912
2022-01-01 57221

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