Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for McLean County, ND
Series ID MHICILBND38055A052NCEN
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 20669
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 25885
1994-01-01 .
1995-01-01 26586
1996-01-01 .
1997-01-01 29193
1998-01-01 29628
1999-01-01 30461
2000-01-01 31645
2001-01-01 31470
2002-01-01 31520
2003-01-01 34582
2004-01-01 36774
2005-01-01 34650
2006-01-01 37617
2007-01-01 40765
2008-01-01 42070
2009-01-01 45043
2010-01-01 48302
2011-01-01 46104
2012-01-01 48498
2013-01-01 49848
2014-01-01 51868
2015-01-01 57371
2016-01-01 56111
2017-01-01 55891
2018-01-01 59208
2019-01-01 60526
2020-01-01 63698
2021-01-01 61352
2022-01-01 73068

Subscribe to the FRED newsletter


Follow us

Back to Top