Federal Reserve Economic Data

Table Data - 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Mercer County, IL

Title 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Mercer County, IL
Series ID MHICIUBIL17131A052NCEN
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 1:10 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 28362
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 33617
1994-01-01 .
1995-01-01 37094
1996-01-01 .
1997-01-01 41663
1998-01-01 43283
1999-01-01 43463
2000-01-01 46036
2001-01-01 45521
2002-01-01 46138
2003-01-01 47216
2004-01-01 49454
2005-01-01 49975
2006-01-01 50423
2007-01-01 52763
2008-01-01 56428
2009-01-01 58303
2010-01-01 49785
2011-01-01 56938
2012-01-01 56777
2013-01-01 57926
2014-01-01 58956
2015-01-01 62673
2016-01-01 60628
2017-01-01 57169
2018-01-01 64007
2019-01-01 66298
2020-01-01 70305
2021-01-01 71935
2022-01-01 78166

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