Federal Reserve Economic Data

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

Title 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Becker County, MN
Series ID MHICIUBMN27005A052NCEN
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 1:52 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 23522
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 27622
1994-01-01 .
1995-01-01 31020
1996-01-01 .
1997-01-01 33417
1998-01-01 35365
1999-01-01 36591
2000-01-01 39629
2001-01-01 38410
2002-01-01 39880
2003-01-01 41401
2004-01-01 42826
2005-01-01 43646
2006-01-01 44721
2007-01-01 46111
2008-01-01 46642
2009-01-01 47841
2010-01-01 47241
2011-01-01 49985
2012-01-01 50647
2013-01-01 52486
2014-01-01 53894
2015-01-01 57850
2016-01-01 58346
2017-01-01 59111
2018-01-01 62876
2019-01-01 63367
2020-01-01 65517
2021-01-01 70592
2022-01-01 71999

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