Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Roscommon County, MI
Series ID MHICILBMI26143A052NCEN
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 15073
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 17388
1994-01-01 .
1995-01-01 20047
1996-01-01 .
1997-01-01 20995
1998-01-01 22241
1999-01-01 26823
2000-01-01 28055
2001-01-01 27094
2002-01-01 27389
2003-01-01 28188
2004-01-01 29513
2005-01-01 29350
2006-01-01 30029
2007-01-01 29489
2008-01-01 32515
2009-01-01 30557
2010-01-01 30002
2011-01-01 30082
2012-01-01 32086
2013-01-01 29861
2014-01-01 31874
2015-01-01 36232
2016-01-01 34922
2017-01-01 37498
2018-01-01 35375
2019-01-01 39014
2020-01-01 37545
2021-01-01 47695
2022-01-01 44287

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