Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Swift County, MN
Series ID MHICILBMN27151A052NCEN
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 1:12 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 19446
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 22703
1994-01-01 .
1995-01-01 23848
1996-01-01 .
1997-01-01 27148
1998-01-01 29981
1999-01-01 32183
2000-01-01 33582
2001-01-01 32992
2002-01-01 32927
2003-01-01 33432
2004-01-01 35326
2005-01-01 34843
2006-01-01 36436
2007-01-01 36901
2008-01-01 39927
2009-01-01 40240
2010-01-01 39911
2011-01-01 43535
2012-01-01 44727
2013-01-01 47633
2014-01-01 46272
2015-01-01 42675
2016-01-01 46084
2017-01-01 48248
2018-01-01 46448
2019-01-01 54906
2020-01-01 50810
2021-01-01 52932
2022-01-01 59641

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