Federal Reserve Economic Data

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

Title 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Faribault County, MN
Series ID MHICIUBMN27043A052NCEN
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 25931
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 28920
1994-01-01 .
1995-01-01 31640
1996-01-01 .
1997-01-01 34827
1998-01-01 35533
1999-01-01 36555
2000-01-01 39030
2001-01-01 37594
2002-01-01 39104
2003-01-01 40044
2004-01-01 41618
2005-01-01 40274
2006-01-01 43749
2007-01-01 44913
2008-01-01 46544
2009-01-01 47685
2010-01-01 48384
2011-01-01 46989
2012-01-01 45274
2013-01-01 51056
2014-01-01 51158
2015-01-01 55729
2016-01-01 51518
2017-01-01 49736
2018-01-01 55406
2019-01-01 58996
2020-01-01 61299
2021-01-01 61103
2022-01-01 72858

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