Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Presque Isle County, MI
Series ID MHICILBMI26141A052NCEN
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 18410
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 21181
1994-01-01 .
1995-01-01 23261
1996-01-01 .
1997-01-01 25735
1998-01-01 26605
1999-01-01 29186
2000-01-01 30318
2001-01-01 29849
2002-01-01 30056
2003-01-01 31005
2004-01-01 32001
2005-01-01 34072
2006-01-01 32601
2007-01-01 38123
2008-01-01 34518
2009-01-01 34150
2010-01-01 34331
2011-01-01 36646
2012-01-01 36070
2013-01-01 36288
2014-01-01 36418
2015-01-01 38618
2016-01-01 40182
2017-01-01 39768
2018-01-01 41804
2019-01-01 43024
2020-01-01 45031
2021-01-01 53141
2022-01-01 51398

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