Federal Reserve Economic Data

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

Title 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Lake County, IN
Series ID MHICIUBIN18089A052NCEN
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 2:31 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 30403
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 35411
1994-01-01 .
1995-01-01 38060
1996-01-01 .
1997-01-01 41039
1998-01-01 42856
1999-01-01 42458
2000-01-01 44443
2001-01-01 43155
2002-01-01 42788
2003-01-01 42209
2004-01-01 43356
2005-01-01 44885
2006-01-01 47901
2007-01-01 49594
2008-01-01 51966
2009-01-01 48669
2010-01-01 46972
2011-01-01 50060
2012-01-01 49723
2013-01-01 50460
2014-01-01 52097
2015-01-01 51946
2016-01-01 55307
2017-01-01 56678
2018-01-01 57358
2019-01-01 59576
2020-01-01 63309
2021-01-01 63291
2022-01-01 69918
2023-01-01 71923

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