Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Pipestone County, MN
Series ID MHICILBMN27117A052NCEN
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 20376
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 23955
1994-01-01 .
1995-01-01 24970
1996-01-01 .
1997-01-01 27880
1998-01-01 28982
1999-01-01 30815
2000-01-01 31814
2001-01-01 31953
2002-01-01 33144
2003-01-01 34585
2004-01-01 36151
2005-01-01 34088
2006-01-01 35467
2007-01-01 33759
2008-01-01 37630
2009-01-01 38744
2010-01-01 41534
2011-01-01 40067
2012-01-01 43619
2013-01-01 44824
2014-01-01 43630
2015-01-01 48272
2016-01-01 46242
2017-01-01 45604
2018-01-01 50298
2019-01-01 49669
2020-01-01 51650
2021-01-01 53568
2022-01-01 58676

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