Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Bay County, MI
Series ID MHICILBMI26017A052NCEN
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 2023-01-01
Last Updated 2024-12-20 3:13 AM 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 24550
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 28412
1994-01-01 .
1995-01-01 31494
1996-01-01 .
1997-01-01 33878
1998-01-01 34590
1999-01-01 35470
2000-01-01 37429
2001-01-01 36619
2002-01-01 36562
2003-01-01 36858
2004-01-01 37520
2005-01-01 39531
2006-01-01 39394
2007-01-01 40285
2008-01-01 43650
2009-01-01 41704
2010-01-01 41019
2011-01-01 40351
2012-01-01 42022
2013-01-01 39204
2014-01-01 43483
2015-01-01 43126
2016-01-01 42548
2017-01-01 42897
2018-01-01 48303
2019-01-01 47365
2020-01-01 50914
2021-01-01 53000
2022-01-01 52447
2023-01-01 54958

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