Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Martin County, MN
Series ID MHICILBMN27091A052NCEN
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 23865
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 26832
1994-01-01 .
1995-01-01 28533
1996-01-01 .
1997-01-01 31730
1998-01-01 32249
1999-01-01 32798
2000-01-01 34343
2001-01-01 33797
2002-01-01 34816
2003-01-01 36298
2004-01-01 38064
2005-01-01 37429
2006-01-01 38727
2007-01-01 39627
2008-01-01 41418
2009-01-01 37803
2010-01-01 45293
2011-01-01 40702
2012-01-01 43221
2013-01-01 46969
2014-01-01 48319
2015-01-01 44599
2016-01-01 44569
2017-01-01 48959
2018-01-01 46531
2019-01-01 50031
2020-01-01 51714
2021-01-01 51815
2022-01-01 56627

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