Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Cook County, MN
Series ID MHICILBMN27031A052NCEN
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 1:11 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 21685
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 25806
1994-01-01 .
1995-01-01 29757
1996-01-01 .
1997-01-01 30372
1998-01-01 32428
1999-01-01 34213
2000-01-01 35516
2001-01-01 35008
2002-01-01 35179
2003-01-01 36381
2004-01-01 37074
2005-01-01 36345
2006-01-01 39351
2007-01-01 39826
2008-01-01 43325
2009-01-01 41339
2010-01-01 39606
2011-01-01 39793
2012-01-01 42839
2013-01-01 43952
2014-01-01 43934
2015-01-01 45677
2016-01-01 44014
2017-01-01 46079
2018-01-01 49004
2019-01-01 52246
2020-01-01 50714
2021-01-01 58233
2022-01-01 62725

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