Federal Reserve Economic Data

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

Title 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Big Stone County, MN
Series ID MHICIUBMN27011A052NCEN
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 22784
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 26265
1994-01-01 .
1995-01-01 28305
1996-01-01 .
1997-01-01 31029
1998-01-01 31794
1999-01-01 32893
2000-01-01 35270
2001-01-01 33727
2002-01-01 34773
2003-01-01 35271
2004-01-01 36619
2005-01-01 37776
2006-01-01 38690
2007-01-01 42682
2008-01-01 43544
2009-01-01 42976
2010-01-01 43805
2011-01-01 46683
2012-01-01 47676
2013-01-01 48661
2014-01-01 50698
2015-01-01 52146
2016-01-01 51604
2017-01-01 53051
2018-01-01 55427
2019-01-01 58535
2020-01-01 62802
2021-01-01 61993
2022-01-01 64781

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