Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for McLeod County, MN
Series ID MHICILBMN27085A052NCEN
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 27420
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 32937
1994-01-01 .
1995-01-01 35913
1996-01-01 .
1997-01-01 39890
1998-01-01 40975
1999-01-01 42637
2000-01-01 44242
2001-01-01 43790
2002-01-01 44070
2003-01-01 44770
2004-01-01 46207
2005-01-01 46253
2006-01-01 48164
2007-01-01 54761
2008-01-01 51571
2009-01-01 48646
2010-01-01 49129
2011-01-01 48759
2012-01-01 50394
2013-01-01 51568
2014-01-01 57012
2015-01-01 55831
2016-01-01 53980
2017-01-01 56911
2018-01-01 56658
2019-01-01 58802
2020-01-01 71607
2021-01-01 61021
2022-01-01 75784

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