Federal Reserve Economic Data

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

Title 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Hennepin County, MN
Series ID MHICIUBMN27053A052NCEN
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 37264
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 40385
1994-01-01 .
1995-01-01 45988
1996-01-01 .
1997-01-01 50509
1998-01-01 51939
1999-01-01 53334
2000-01-01 57866
2001-01-01 57187
2002-01-01 56338
2003-01-01 56648
2004-01-01 57281
2005-01-01 57078
2006-01-01 59765
2007-01-01 61828
2008-01-01 63443
2009-01-01 62709
2010-01-01 60605
2011-01-01 61772
2012-01-01 63942
2013-01-01 65715
2014-01-01 66118
2015-01-01 70284
2016-01-01 72467
2017-01-01 75988
2018-01-01 77397
2019-01-01 83595
2020-01-01 84528
2021-01-01 86234
2022-01-01 91452

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