Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Koochiching County, MN
Series ID MHICILBMN27071A052NCEN
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 21776
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 26083
1994-01-01 .
1995-01-01 27989
1996-01-01 .
1997-01-01 31404
1998-01-01 32722
1999-01-01 34037
2000-01-01 34884
2001-01-01 34311
2002-01-01 34973
2003-01-01 36307
2004-01-01 37192
2005-01-01 35361
2006-01-01 36517
2007-01-01 38586
2008-01-01 35607
2009-01-01 36629
2010-01-01 37862
2011-01-01 38444
2012-01-01 39763
2013-01-01 40686
2014-01-01 40199
2015-01-01 42727
2016-01-01 44754
2017-01-01 44235
2018-01-01 41827
2019-01-01 47261
2020-01-01 49307
2021-01-01 53516
2022-01-01 56350

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