Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Keweenaw County, MI
Series ID MHICILBMI26083A052NCEN
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 13918
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 17000
1994-01-01 .
1995-01-01 18852
1996-01-01 .
1997-01-01 21653
1998-01-01 22635
1999-01-01 26674
2000-01-01 27601
2001-01-01 26884
2002-01-01 27120
2003-01-01 28032
2004-01-01 29431
2005-01-01 28879
2006-01-01 30547
2007-01-01 32497
2008-01-01 33925
2009-01-01 31968
2010-01-01 35241
2011-01-01 34835
2012-01-01 36082
2013-01-01 33894
2014-01-01 36083
2015-01-01 37211
2016-01-01 38399
2017-01-01 39080
2018-01-01 47464
2019-01-01 42703
2020-01-01 43041
2021-01-01 44759
2022-01-01 50173

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