Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Benton County, MN
Series ID MHICILBMN27009A052NCEN
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 24646
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 29535
1994-01-01 .
1995-01-01 32277
1996-01-01 .
1997-01-01 35147
1998-01-01 37957
1999-01-01 38787
2000-01-01 40332
2001-01-01 39929
2002-01-01 40874
2003-01-01 42671
2004-01-01 43253
2005-01-01 42306
2006-01-01 43813
2007-01-01 46252
2008-01-01 46162
2009-01-01 45534
2010-01-01 46836
2011-01-01 45634
2012-01-01 48646
2013-01-01 48326
2014-01-01 48263
2015-01-01 48687
2016-01-01 50225
2017-01-01 54475
2018-01-01 55456
2019-01-01 56691
2020-01-01 61808
2021-01-01 61570
2022-01-01 64281
2023-01-01 65912

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