Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Ionia County, MI
Series ID MHICILBMI26067A052NCEN
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 1:11 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 26516
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 31487
1994-01-01 .
1995-01-01 33436
1996-01-01 .
1997-01-01 35425
1998-01-01 37674
1999-01-01 38857
2000-01-01 39294
2001-01-01 38825
2002-01-01 39256
2003-01-01 41254
2004-01-01 42093
2005-01-01 42024
2006-01-01 42944
2007-01-01 46282
2008-01-01 44169
2009-01-01 43707
2010-01-01 40198
2011-01-01 42306
2012-01-01 49013
2013-01-01 46328
2014-01-01 45531
2015-01-01 48735
2016-01-01 46862
2017-01-01 53582
2018-01-01 58963
2019-01-01 54987
2020-01-01 52145
2021-01-01 60110
2022-01-01 70781

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