Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Iosco County, MI
Series ID MHICILBMI26069A052NCEN
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 17850
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 20283
1994-01-01 .
1995-01-01 21456
1996-01-01 .
1997-01-01 23964
1998-01-01 24780
1999-01-01 28136
2000-01-01 29481
2001-01-01 28254
2002-01-01 28441
2003-01-01 29337
2004-01-01 30235
2005-01-01 30940
2006-01-01 32400
2007-01-01 33061
2008-01-01 31881
2009-01-01 31284
2010-01-01 31626
2011-01-01 31204
2012-01-01 31799
2013-01-01 34001
2014-01-01 34908
2015-01-01 38005
2016-01-01 37065
2017-01-01 38661
2018-01-01 38986
2019-01-01 39974
2020-01-01 39475
2021-01-01 43082
2022-01-01 42622

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