Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Scott County, MN
Series ID MHICILBMN27139A052NCEN
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 37166
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 46115
1994-01-01 .
1995-01-01 52285
1996-01-01 .
1997-01-01 56290
1998-01-01 59835
1999-01-01 62191
2000-01-01 65086
2001-01-01 65694
2002-01-01 67754
2003-01-01 69515
2004-01-01 71417
2005-01-01 74295
2006-01-01 76216
2007-01-01 74989
2008-01-01 77299
2009-01-01 81108
2010-01-01 75034
2011-01-01 78194
2012-01-01 81225
2013-01-01 79952
2014-01-01 85807
2015-01-01 87995
2016-01-01 85631
2017-01-01 93060
2018-01-01 96957
2019-01-01 103983
2020-01-01 90903
2021-01-01 101378
2022-01-01 106666
2023-01-01 102195

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