Federal Reserve Economic Data

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

Title 90% Confidence Interval Upper Bound of Estimate of Median Household Income for McLeod County, MN
Series ID MHICIUBMN27085A052NCEN
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 31950
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 37468
1994-01-01 .
1995-01-01 42069
1996-01-01 .
1997-01-01 46114
1998-01-01 47113
1999-01-01 48618
2000-01-01 51498
2001-01-01 50484
2002-01-01 50737
2003-01-01 50925
2004-01-01 52491
2005-01-01 53440
2006-01-01 55872
2007-01-01 59949
2008-01-01 60391
2009-01-01 57984
2010-01-01 57723
2011-01-01 55481
2012-01-01 58068
2013-01-01 58374
2014-01-01 63216
2015-01-01 65267
2016-01-01 62806
2017-01-01 66733
2018-01-01 67260
2019-01-01 69958
2020-01-01 80583
2021-01-01 74649
2022-01-01 85964

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