Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Benzie County, MI
Series ID MHICILBMI26019A052NCEN
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 2:33 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 19454
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 23161
1994-01-01 .
1995-01-01 26146
1996-01-01 .
1997-01-01 28549
1998-01-01 29943
1999-01-01 33778
2000-01-01 35565
2001-01-01 35300
2002-01-01 36004
2003-01-01 37132
2004-01-01 38510
2005-01-01 38571
2006-01-01 38717
2007-01-01 38182
2008-01-01 41323
2009-01-01 42881
2010-01-01 40726
2011-01-01 42420
2012-01-01 39769
2013-01-01 39241
2014-01-01 45481
2015-01-01 44618
2016-01-01 45672
2017-01-01 49847
2018-01-01 46626
2019-01-01 50884
2020-01-01 59185
2021-01-01 63165
2022-01-01 60647
2023-01-01 60165

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