Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Montmorency County, MI
Series ID MHICILBMI26119A052NCEN
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 13966
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 16968
1994-01-01 .
1995-01-01 20586
1996-01-01 .
1997-01-01 22071
1998-01-01 23194
1999-01-01 27232
2000-01-01 28519
2001-01-01 27572
2002-01-01 27566
2003-01-01 28549
2004-01-01 30054
2005-01-01 30089
2006-01-01 31320
2007-01-01 30673
2008-01-01 30682
2009-01-01 29930
2010-01-01 30437
2011-01-01 30120
2012-01-01 32198
2013-01-01 31589
2014-01-01 35611
2015-01-01 33617
2016-01-01 33653
2017-01-01 36378
2018-01-01 36952
2019-01-01 36727
2020-01-01 38671
2021-01-01 39354
2022-01-01 46211

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