Federal Reserve Economic Data

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

Title 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Houghton County, MI
Series ID MHICIUBMI26061A052NCEN
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 1:11 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 22461
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 25913
1994-01-01 .
1995-01-01 29112
1996-01-01 .
1997-01-01 31309
1998-01-01 32681
1999-01-01 31239
2000-01-01 32559
2001-01-01 31317
2002-01-01 31459
2003-01-01 32087
2004-01-01 33558
2005-01-01 33036
2006-01-01 34513
2007-01-01 37313
2008-01-01 36839
2009-01-01 36127
2010-01-01 37176
2011-01-01 37970
2012-01-01 38651
2013-01-01 39570
2014-01-01 42422
2015-01-01 44906
2016-01-01 41965
2017-01-01 48452
2018-01-01 45827
2019-01-01 49286
2020-01-01 53205
2021-01-01 56717
2022-01-01 61123

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