Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Murray County, MN
Series ID MHICILBMN27101A052NCEN
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 2023-01-01
Last Updated 2024-12-20 3:13 AM 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 21537
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 25322
1994-01-01 .
1995-01-01 25242
1996-01-01 .
1997-01-01 28301
1998-01-01 29995
1999-01-01 32695
2000-01-01 34128
2001-01-01 33830
2002-01-01 33969
2003-01-01 35456
2004-01-01 37732
2005-01-01 37459
2006-01-01 41946
2007-01-01 41314
2008-01-01 42269
2009-01-01 40797
2010-01-01 46671
2011-01-01 48028
2012-01-01 46011
2013-01-01 49423
2014-01-01 49256
2015-01-01 46074
2016-01-01 48774
2017-01-01 56322
2018-01-01 55519
2019-01-01 54570
2020-01-01 55712
2021-01-01 69257
2022-01-01 62238
2023-01-01 67996

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