Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Otsego County, MI
Series ID MHICILBMI26137A052NCEN
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 3:13 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 23138
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 28364
1994-01-01 .
1995-01-01 32840
1996-01-01 .
1997-01-01 34830
1998-01-01 35553
1999-01-01 37282
2000-01-01 38821
2001-01-01 38331
2002-01-01 38798
2003-01-01 39759
2004-01-01 40724
2005-01-01 39647
2006-01-01 43330
2007-01-01 41307
2008-01-01 43926
2009-01-01 39380
2010-01-01 40365
2011-01-01 40261
2012-01-01 45519
2013-01-01 43380
2014-01-01 41106
2015-01-01 48374
2016-01-01 45464
2017-01-01 48048
2018-01-01 47281
2019-01-01 48597
2020-01-01 54364
2021-01-01 53301
2022-01-01 60194
2023-01-01 62566

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