Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Nicollet County, MN
Series ID MHICILBMN27103A052NCEN
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 28388
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 35026
1994-01-01 .
1995-01-01 37081
1996-01-01 .
1997-01-01 39661
1998-01-01 41459
1999-01-01 42548
2000-01-01 44286
2001-01-01 43565
2002-01-01 43376
2003-01-01 43612
2004-01-01 46639
2005-01-01 47760
2006-01-01 48258
2007-01-01 56206
2008-01-01 51442
2009-01-01 52763
2010-01-01 55293
2011-01-01 51114
2012-01-01 54327
2013-01-01 54253
2014-01-01 56443
2015-01-01 54865
2016-01-01 63092
2017-01-01 61692
2018-01-01 60058
2019-01-01 64526
2020-01-01 67270
2021-01-01 66870
2022-01-01 71172

Subscribe to the FRED newsletter


Follow us

Back to Top