Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Big Stone County, MN
Series ID MHICILBMN27011A052NCEN
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 18192
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 21654
1994-01-01 .
1995-01-01 21907
1996-01-01 .
1997-01-01 24792
1998-01-01 25618
1999-01-01 28785
2000-01-01 30272
2001-01-01 29343
2002-01-01 30245
2003-01-01 31048
2004-01-01 32257
2005-01-01 31723
2006-01-01 32721
2007-01-01 36814
2008-01-01 35992
2009-01-01 35251
2010-01-01 37853
2011-01-01 39697
2012-01-01 40744
2013-01-01 40613
2014-01-01 42292
2015-01-01 43020
2016-01-01 41822
2017-01-01 44055
2018-01-01 46689
2019-01-01 46849
2020-01-01 46790
2021-01-01 49277
2022-01-01 50861
2023-01-01 55275

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