Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Dickinson County, MI
Series ID MHICILBMI26043A052NCEN
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 22443
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 27640
1994-01-01 .
1995-01-01 30007
1996-01-01 .
1997-01-01 32736
1998-01-01 34017
1999-01-01 33362
2000-01-01 34223
2001-01-01 33838
2002-01-01 34709
2003-01-01 35488
2004-01-01 36646
2005-01-01 35203
2006-01-01 37247
2007-01-01 37780
2008-01-01 38331
2009-01-01 39596
2010-01-01 38224
2011-01-01 41029
2012-01-01 38087
2013-01-01 39598
2014-01-01 41665
2015-01-01 43967
2016-01-01 42134
2017-01-01 44797
2018-01-01 47575
2019-01-01 49630
2020-01-01 53242
2021-01-01 51151
2022-01-01 49667
2023-01-01 54590

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