Federal Reserve Economic Data

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

Title 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Freeborn County, MN
Series ID MHICIUBMN27047A052NCEN
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 28419
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 31288
1994-01-01 .
1995-01-01 33611
1996-01-01 .
1997-01-01 36993
1998-01-01 38332
1999-01-01 38530
2000-01-01 40969
2001-01-01 39967
2002-01-01 40501
2003-01-01 40877
2004-01-01 42457
2005-01-01 41981
2006-01-01 45022
2007-01-01 44915
2008-01-01 49793
2009-01-01 48268
2010-01-01 44850
2011-01-01 47306
2012-01-01 47968
2013-01-01 49889
2014-01-01 50833
2015-01-01 49749
2016-01-01 52448
2017-01-01 56266
2018-01-01 56323
2019-01-01 61747
2020-01-01 68263
2021-01-01 67187
2022-01-01 69929

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