Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Morrison County, MN
Series ID MHICILBMN27097A052NCEN
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 19745
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 24526
1994-01-01 .
1995-01-01 25747
1996-01-01 .
1997-01-01 27982
1998-01-01 29964
1999-01-01 33466
2000-01-01 35007
2001-01-01 34797
2002-01-01 35409
2003-01-01 36555
2004-01-01 38493
2005-01-01 41236
2006-01-01 45517
2007-01-01 42399
2008-01-01 42549
2009-01-01 41655
2010-01-01 40041
2011-01-01 42323
2012-01-01 45057
2013-01-01 45418
2014-01-01 48144
2015-01-01 51423
2016-01-01 47805
2017-01-01 52726
2018-01-01 54738
2019-01-01 57985
2020-01-01 56621
2021-01-01 58540
2022-01-01 59158

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