Federal Reserve Economic Data

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

Title 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Lac qui Parle County, MN
Series ID MHICIUBMN27073A052NCEN
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 2023-01-01
Last Updated 2024-12-20 2:32 AM 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 24784
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 29714
1994-01-01 .
1995-01-01 31441
1996-01-01 .
1997-01-01 35172
1998-01-01 35747
1999-01-01 35380
2000-01-01 37533
2001-01-01 36600
2002-01-01 37335
2003-01-01 36753
2004-01-01 40021
2005-01-01 40696
2006-01-01 42442
2007-01-01 44059
2008-01-01 46601
2009-01-01 48624
2010-01-01 48731
2011-01-01 53057
2012-01-01 54784
2013-01-01 50623
2014-01-01 52619
2015-01-01 53668
2016-01-01 53278
2017-01-01 58013
2018-01-01 56566
2019-01-01 61197
2020-01-01 70737
2021-01-01 68812
2022-01-01 73252
2023-01-01 74352

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