Federal Reserve Economic Data

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

Title 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Gratiot County, MI
Series ID MHICIUBMI26057A052NCEN
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 3:11 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 26609
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 30757
1994-01-01 .
1995-01-01 34819
1996-01-01 .
1997-01-01 37017
1998-01-01 38213
1999-01-01 38569
2000-01-01 40602
2001-01-01 39201
2002-01-01 39137
2003-01-01 39696
2004-01-01 40378
2005-01-01 43491
2006-01-01 43619
2007-01-01 44564
2008-01-01 45492
2009-01-01 39612
2010-01-01 43387
2011-01-01 43609
2012-01-01 45544
2013-01-01 44252
2014-01-01 47118
2015-01-01 45721
2016-01-01 45898
2017-01-01 45081
2018-01-01 52349
2019-01-01 53952
2020-01-01 59022
2021-01-01 59121
2022-01-01 62112
2023-01-01 65750

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