Federal Reserve Economic Data

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

Title 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Renville County, MN
Series ID MHICIUBMN27129A052NCEN
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 27223
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 31328
1994-01-01 .
1995-01-01 34384
1996-01-01 .
1997-01-01 38142
1998-01-01 38979
1999-01-01 40053
2000-01-01 42686
2001-01-01 41555
2002-01-01 42297
2003-01-01 42078
2004-01-01 44402
2005-01-01 46719
2006-01-01 44151
2007-01-01 47904
2008-01-01 49966
2009-01-01 51124
2010-01-01 52219
2011-01-01 51844
2012-01-01 54625
2013-01-01 57268
2014-01-01 58525
2015-01-01 59528
2016-01-01 61239
2017-01-01 58811
2018-01-01 63295
2019-01-01 63810
2020-01-01 61268
2021-01-01 66760
2022-01-01 72393

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