Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Waseca County, MN
Series ID MHICILBMN27161A052NCEN
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 25710
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 30062
1994-01-01 .
1995-01-01 31699
1996-01-01 .
1997-01-01 35065
1998-01-01 36427
1999-01-01 38725
2000-01-01 40368
2001-01-01 39983
2002-01-01 40186
2003-01-01 41001
2004-01-01 42902
2005-01-01 42357
2006-01-01 44808
2007-01-01 46180
2008-01-01 46532
2009-01-01 46618
2010-01-01 45954
2011-01-01 49720
2012-01-01 48479
2013-01-01 48981
2014-01-01 49539
2015-01-01 49998
2016-01-01 50378
2017-01-01 53577
2018-01-01 53256
2019-01-01 58073
2020-01-01 59039
2021-01-01 64458
2022-01-01 65206
2023-01-01 62315

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