Federal Reserve Economic Data

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

Title 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Otter Tail County, MN
Series ID MHICIUBMN27111A052NCEN
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 3:12 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 24694
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 29141
1994-01-01 .
1995-01-01 32664
1996-01-01 .
1997-01-01 34815
1998-01-01 36359
1999-01-01 37184
2000-01-01 39559
2001-01-01 38357
2002-01-01 38719
2003-01-01 39889
2004-01-01 41586
2005-01-01 42032
2006-01-01 42020
2007-01-01 42728
2008-01-01 45283
2009-01-01 44502
2010-01-01 46877
2011-01-01 50675
2012-01-01 52235
2013-01-01 50188
2014-01-01 53884
2015-01-01 57486
2016-01-01 54614
2017-01-01 57360
2018-01-01 57955
2019-01-01 63524
2020-01-01 72333
2021-01-01 68215
2022-01-01 69382
2023-01-01 73714

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