Federal Reserve Economic Data

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

Title 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Ransom County, ND
Series ID MHICILBND38073A052NCEN
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 20752
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 25990
1994-01-01 .
1995-01-01 26743
1996-01-01 .
1997-01-01 29712
1998-01-01 32438
1999-01-01 35224
2000-01-01 36298
2001-01-01 36332
2002-01-01 37623
2003-01-01 39589
2004-01-01 40617
2005-01-01 39014
2006-01-01 41476
2007-01-01 43342
2008-01-01 44286
2009-01-01 44294
2010-01-01 43773
2011-01-01 46688
2012-01-01 47606
2013-01-01 53812
2014-01-01 51514
2015-01-01 56006
2016-01-01 51419
2017-01-01 57084
2018-01-01 57404
2019-01-01 58630
2020-01-01 55851
2021-01-01 63062
2022-01-01 67569

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