Federal Reserve Economic Data

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

Title 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Ramsey County, MN
Series ID MHICIUBMN27123A052NCEN
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 1:11 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 33008
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 37220
1994-01-01 .
1995-01-01 39905
1996-01-01 .
1997-01-01 45091
1998-01-01 46893
1999-01-01 47369
2000-01-01 50268
2001-01-01 49327
2002-01-01 49330
2003-01-01 49443
2004-01-01 50398
2005-01-01 51524
2006-01-01 51885
2007-01-01 53098
2008-01-01 54445
2009-01-01 49447
2010-01-01 51488
2011-01-01 53271
2012-01-01 55787
2013-01-01 58230
2014-01-01 56736
2015-01-01 59236
2016-01-01 61852
2017-01-01 63328
2018-01-01 64926
2019-01-01 70905
2020-01-01 69071
2021-01-01 72713
2022-01-01 78080

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