Federal Reserve Economic Data

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

Title 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Grant County, MN
Series ID MHICIUBMN27051A052NCEN
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 23608
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 27600
1994-01-01 .
1995-01-01 31262
1996-01-01 .
1997-01-01 34011
1998-01-01 35071
1999-01-01 35873
2000-01-01 38779
2001-01-01 38289
2002-01-01 39721
2003-01-01 39908
2004-01-01 40623
2005-01-01 41487
2006-01-01 41439
2007-01-01 42488
2008-01-01 41512
2009-01-01 48122
2010-01-01 47616
2011-01-01 47251
2012-01-01 51665
2013-01-01 54275
2014-01-01 52697
2015-01-01 55177
2016-01-01 55160
2017-01-01 55637
2018-01-01 59552
2019-01-01 61013
2020-01-01 70611
2021-01-01 68129
2022-01-01 74762

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