Federal Reserve Economic Data

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

Title 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Baraga County, MI
Series ID MHICIUBMI26013A052NCEN
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 22441
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 26329
1994-01-01 .
1995-01-01 30705
1996-01-01 .
1997-01-01 32531
1998-01-01 33800
1999-01-01 35199
2000-01-01 37047
2001-01-01 35030
2002-01-01 34100
2003-01-01 34326
2004-01-01 36073
2005-01-01 40240
2006-01-01 40010
2007-01-01 42126
2008-01-01 38123
2009-01-01 41193
2010-01-01 42270
2011-01-01 41819
2012-01-01 41827
2013-01-01 43792
2014-01-01 45325
2015-01-01 46200
2016-01-01 47919
2017-01-01 46603
2018-01-01 47972
2019-01-01 51953
2020-01-01 56012
2021-01-01 51303
2022-01-01 57711
2023-01-01 62798

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