Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Cass County, MI
Series ID MHICILBMI26027A052NCEN
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 23966
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 28792
1994-01-01 .
1995-01-01 31438
1996-01-01 .
1997-01-01 33665
1998-01-01 35447
1999-01-01 37251
2000-01-01 38944
2001-01-01 38023
2002-01-01 38055
2003-01-01 38999
2004-01-01 40380
2005-01-01 40125
2006-01-01 42362
2007-01-01 40523
2008-01-01 43970
2009-01-01 42570
2010-01-01 39898
2011-01-01 42088
2012-01-01 41358
2013-01-01 40624
2014-01-01 45236
2015-01-01 47329
2016-01-01 47829
2017-01-01 48461
2018-01-01 51932
2019-01-01 51182
2020-01-01 56678
2021-01-01 55793
2022-01-01 59255

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