Federal Reserve Economic Data

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

Title 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Redwood County, MN
Series ID MHICIUBMN27127A052NCEN
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 27183
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 31310
1994-01-01 .
1995-01-01 34130
1996-01-01 .
1997-01-01 37727
1998-01-01 38373
1999-01-01 39504
2000-01-01 42256
2001-01-01 41028
2002-01-01 41059
2003-01-01 40969
2004-01-01 43622
2005-01-01 45676
2006-01-01 43481
2007-01-01 49622
2008-01-01 48945
2009-01-01 49883
2010-01-01 50868
2011-01-01 51074
2012-01-01 52222
2013-01-01 54246
2014-01-01 53928
2015-01-01 52552
2016-01-01 59161
2017-01-01 57912
2018-01-01 60253
2019-01-01 65114
2020-01-01 66408
2021-01-01 67035
2022-01-01 72261
2023-01-01 77656

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