Federal Reserve Economic Data

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

Title 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Macomb County, MI
Series ID MHICIUBMI26099A052NCEN
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 39217
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 43819
1994-01-01 .
1995-01-01 48971
1996-01-01 .
1997-01-01 52148
1998-01-01 53745
1999-01-01 53873
2000-01-01 56085
2001-01-01 54222
2002-01-01 54406
2003-01-01 54719
2004-01-01 55829
2005-01-01 55050
2006-01-01 55032
2007-01-01 56613
2008-01-01 57141
2009-01-01 51731
2010-01-01 50543
2011-01-01 52175
2012-01-01 53591
2013-01-01 54403
2014-01-01 56304
2015-01-01 56776
2016-01-01 61470
2017-01-01 61992
2018-01-01 63616
2019-01-01 66851
2020-01-01 66865
2021-01-01 69523
2022-01-01 76178
2023-01-01 75853

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