Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Goodhue County, MN
Series ID MHICILBMN27049A052NCEN
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 28546
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 33801
1994-01-01 .
1995-01-01 36951
1996-01-01 .
1997-01-01 40235
1998-01-01 41891
1999-01-01 43650
2000-01-01 45016
2001-01-01 45100
2002-01-01 46058
2003-01-01 47514
2004-01-01 49102
2005-01-01 48116
2006-01-01 50730
2007-01-01 51627
2008-01-01 51793
2009-01-01 52756
2010-01-01 51886
2011-01-01 50161
2012-01-01 54409
2013-01-01 57485
2014-01-01 55876
2015-01-01 56460
2016-01-01 61386
2017-01-01 60854
2018-01-01 63828
2019-01-01 67136
2020-01-01 64807
2021-01-01 68702
2022-01-01 77988

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