Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Todd County, MN
Series ID MHICILBMN27153A052NCEN
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 18216
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 22125
1994-01-01 .
1995-01-01 22480
1996-01-01 .
1997-01-01 24660
1998-01-01 26343
1999-01-01 29705
2000-01-01 30925
2001-01-01 30261
2002-01-01 30717
2003-01-01 31690
2004-01-01 33213
2005-01-01 34792
2006-01-01 37484
2007-01-01 36684
2008-01-01 39225
2009-01-01 38922
2010-01-01 37712
2011-01-01 38305
2012-01-01 44538
2013-01-01 41086
2014-01-01 40470
2015-01-01 45790
2016-01-01 42051
2017-01-01 46296
2018-01-01 55706
2019-01-01 49333
2020-01-01 47527
2021-01-01 52426
2022-01-01 62520

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