Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Eaton County, MI
Series ID MHICILBMI26045A052NCEN
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 33702
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 38294
1994-01-01 .
1995-01-01 40434
1996-01-01 .
1997-01-01 43568
1998-01-01 45341
1999-01-01 45998
2000-01-01 47293
2001-01-01 46571
2002-01-01 47248
2003-01-01 48041
2004-01-01 48408
2005-01-01 46795
2006-01-01 51839
2007-01-01 49245
2008-01-01 54059
2009-01-01 49258
2010-01-01 50436
2011-01-01 49247
2012-01-01 52593
2013-01-01 51294
2014-01-01 54890
2015-01-01 53530
2016-01-01 53964
2017-01-01 61269
2018-01-01 63492
2019-01-01 62111
2020-01-01 62944
2021-01-01 66120
2022-01-01 68429

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