Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Montcalm County, MI
Series ID MHICILBMI26117A052NCEN
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 22929
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 25879
1994-01-01 .
1995-01-01 28099
1996-01-01 .
1997-01-01 30484
1998-01-01 32417
1999-01-01 34403
2000-01-01 35481
2001-01-01 34492
2002-01-01 34741
2003-01-01 36382
2004-01-01 37596
2005-01-01 36557
2006-01-01 37623
2007-01-01 37410
2008-01-01 40515
2009-01-01 35927
2010-01-01 34416
2011-01-01 39156
2012-01-01 38930
2013-01-01 38125
2014-01-01 39317
2015-01-01 39043
2016-01-01 44838
2017-01-01 43972
2018-01-01 47634
2019-01-01 48664
2020-01-01 47970
2021-01-01 52010
2022-01-01 57555
2023-01-01 61460

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