Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Itasca County, MN
Series ID MHICILBMN27061A052NCEN
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 22502
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 24948
1994-01-01 .
1995-01-01 27501
1996-01-01 .
1997-01-01 29660
1998-01-01 31539
1999-01-01 33589
2000-01-01 34848
2001-01-01 34329
2002-01-01 35267
2003-01-01 36158
2004-01-01 37377
2005-01-01 37931
2006-01-01 38489
2007-01-01 40819
2008-01-01 40624
2009-01-01 40061
2010-01-01 42446
2011-01-01 42546
2012-01-01 41005
2013-01-01 43427
2014-01-01 45351
2015-01-01 48722
2016-01-01 48138
2017-01-01 47059
2018-01-01 49576
2019-01-01 53944
2020-01-01 55770
2021-01-01 54028
2022-01-01 62426

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