Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Cottonwood County, MN
Series ID MHICILBMN27033A052NCEN
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 2:33 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 21809
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 24493
1994-01-01 .
1995-01-01 25175
1996-01-01 .
1997-01-01 28148
1998-01-01 28921
1999-01-01 30306
2000-01-01 31429
2001-01-01 31113
2002-01-01 31703
2003-01-01 33783
2004-01-01 35876
2005-01-01 37417
2006-01-01 35314
2007-01-01 38697
2008-01-01 37211
2009-01-01 37395
2010-01-01 40954
2011-01-01 40539
2012-01-01 41353
2013-01-01 41144
2014-01-01 44190
2015-01-01 45184
2016-01-01 42738
2017-01-01 44638
2018-01-01 47197
2019-01-01 48069
2020-01-01 46008
2021-01-01 52052
2022-01-01 53521
2023-01-01 56433

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