Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Pennington County, MN
Series ID MHICILBMN27113A052NCEN
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 20188
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 24502
1994-01-01 .
1995-01-01 27263
1996-01-01 .
1997-01-01 28738
1998-01-01 30335
1999-01-01 32000
2000-01-01 33487
2001-01-01 32917
2002-01-01 33169
2003-01-01 34965
2004-01-01 36256
2005-01-01 37365
2006-01-01 36476
2007-01-01 38089
2008-01-01 44320
2009-01-01 37354
2010-01-01 39293
2011-01-01 39238
2012-01-01 42606
2013-01-01 43368
2014-01-01 46639
2015-01-01 46439
2016-01-01 47712
2017-01-01 50747
2018-01-01 52054
2019-01-01 51853
2020-01-01 56361
2021-01-01 58052
2022-01-01 71925
2023-01-01 67288

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