Federal Reserve Economic Data

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

Title 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Koochiching County, MN
Series ID MHICIUBMN27071A052NCEN
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 1:11 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 26344
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 30696
1994-01-01 .
1995-01-01 34188
1996-01-01 .
1997-01-01 37845
1998-01-01 39204
1999-01-01 38844
2000-01-01 40530
2001-01-01 39358
2002-01-01 40145
2003-01-01 41191
2004-01-01 42176
2005-01-01 41942
2006-01-01 43409
2007-01-01 45342
2008-01-01 42654
2009-01-01 44233
2010-01-01 45528
2011-01-01 47098
2012-01-01 47761
2013-01-01 48948
2014-01-01 48027
2015-01-01 50887
2016-01-01 54032
2017-01-01 53649
2018-01-01 50735
2019-01-01 57829
2020-01-01 64433
2021-01-01 65082
2022-01-01 69720

Subscribe to the FRED newsletter


Follow us

Back to Top