Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Houghton County, MI
Series ID MHICILBMI26061A052NCEN
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 17839
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 21294
1994-01-01 .
1995-01-01 22899
1996-01-01 .
1997-01-01 25013
1998-01-01 26382
1999-01-01 27333
2000-01-01 27944
2001-01-01 27222
2002-01-01 27314
2003-01-01 28220
2004-01-01 29506
2005-01-01 28442
2006-01-01 30065
2007-01-01 32330
2008-01-01 31552
2009-01-01 31051
2010-01-01 32480
2011-01-01 32880
2012-01-01 32865
2013-01-01 34324
2014-01-01 35830
2015-01-01 38644
2016-01-01 35241
2017-01-01 41802
2018-01-01 38737
2019-01-01 40726
2020-01-01 41593
2021-01-01 48453
2022-01-01 50123
2023-01-01 53518

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