Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Osceola County, MI
Series ID MHICILBMI26133A052NCEN
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 19548
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 22557
1994-01-01 .
1995-01-01 25297
1996-01-01 .
1997-01-01 26612
1998-01-01 28728
1999-01-01 30965
2000-01-01 32298
2001-01-01 31378
2002-01-01 31884
2003-01-01 32866
2004-01-01 33887
2005-01-01 32795
2006-01-01 35567
2007-01-01 35208
2008-01-01 36728
2009-01-01 32662
2010-01-01 35566
2011-01-01 35626
2012-01-01 33127
2013-01-01 35481
2014-01-01 38065
2015-01-01 39705
2016-01-01 38738
2017-01-01 38179
2018-01-01 42159
2019-01-01 43282
2020-01-01 48924
2021-01-01 48380
2022-01-01 50665

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