Federal Reserve Economic Data

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

Title 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Norman County, MN
Series ID MHICIUBMN27107A052NCEN
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 24730
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 29472
1994-01-01 .
1995-01-01 30160
1996-01-01 .
1997-01-01 32699
1998-01-01 34126
1999-01-01 34822
2000-01-01 37729
2001-01-01 36383
2002-01-01 35784
2003-01-01 38404
2004-01-01 38398
2005-01-01 37865
2006-01-01 40779
2007-01-01 41426
2008-01-01 44680
2009-01-01 47752
2010-01-01 43983
2011-01-01 48484
2012-01-01 48501
2013-01-01 49447
2014-01-01 55024
2015-01-01 54633
2016-01-01 53316
2017-01-01 54839
2018-01-01 53413
2019-01-01 56279
2020-01-01 56932
2021-01-01 65986
2022-01-01 70358

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