Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Alger County, MI
Series ID MHICILBMI26003A052NCEN
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 1:54 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 20457
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 23061
1994-01-01 .
1995-01-01 26402
1996-01-01 .
1997-01-01 28726
1998-01-01 29826
1999-01-01 32380
2000-01-01 33603
2001-01-01 32341
2002-01-01 32486
2003-01-01 33415
2004-01-01 34673
2005-01-01 34738
2006-01-01 38130
2007-01-01 35651
2008-01-01 37173
2009-01-01 35422
2010-01-01 33902
2011-01-01 36463
2012-01-01 35872
2013-01-01 35736
2014-01-01 41564
2015-01-01 38897
2016-01-01 39619
2017-01-01 42145
2018-01-01 42884
2019-01-01 46114
2020-01-01 44166
2021-01-01 50198
2022-01-01 54398

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