Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Wells County, IN
Series ID MHICILBIN18179A052NCEN
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 1:12 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 28363
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 33948
1994-01-01 .
1995-01-01 36552
1996-01-01 .
1997-01-01 39204
1998-01-01 40553
1999-01-01 40276
2000-01-01 41518
2001-01-01 40805
2002-01-01 40772
2003-01-01 41687
2004-01-01 42849
2005-01-01 42221
2006-01-01 45262
2007-01-01 42876
2008-01-01 47667
2009-01-01 44190
2010-01-01 42365
2011-01-01 46084
2012-01-01 45792
2013-01-01 45833
2014-01-01 47073
2015-01-01 50909
2016-01-01 51339
2017-01-01 50927
2018-01-01 55087
2019-01-01 54858
2020-01-01 58722
2021-01-01 59407
2022-01-01 60845

Subscribe to the FRED newsletter


Follow us

Back to Top