Federal Reserve Economic Data

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

Title 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Lake of the Woods County, MN
Series ID MHICIUBMN27077A052NCEN
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 24855
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 30716
1994-01-01 .
1995-01-01 34004
1996-01-01 .
1997-01-01 35399
1998-01-01 36668
1999-01-01 34494
2000-01-01 37242
2001-01-01 35429
2002-01-01 35863
2003-01-01 37801
2004-01-01 39768
2005-01-01 40773
2006-01-01 43470
2007-01-01 44369
2008-01-01 44350
2009-01-01 44081
2010-01-01 42882
2011-01-01 43866
2012-01-01 44156
2013-01-01 46586
2014-01-01 49254
2015-01-01 50675
2016-01-01 52077
2017-01-01 55208
2018-01-01 57534
2019-01-01 62951
2020-01-01 65832
2021-01-01 69804
2022-01-01 69867

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