Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Mason County, MI
Series ID MHICILBMI26105A052NCEN
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 20482
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 23818
1994-01-01 .
1995-01-01 26577
1996-01-01 .
1997-01-01 28087
1998-01-01 29665
1999-01-01 32095
2000-01-01 33225
2001-01-01 32134
2002-01-01 32507
2003-01-01 33466
2004-01-01 34476
2005-01-01 35908
2006-01-01 34330
2007-01-01 35479
2008-01-01 37524
2009-01-01 34779
2010-01-01 35917
2011-01-01 35790
2012-01-01 38142
2013-01-01 37519
2014-01-01 40503
2015-01-01 40232
2016-01-01 42902
2017-01-01 42363
2018-01-01 47608
2019-01-01 46107
2020-01-01 48064
2021-01-01 50904
2022-01-01 59374
2023-01-01 55325

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