Federal Reserve Economic Data

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

Title 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Ransom County, ND
Series ID MHICIUBND38073A052NCEN
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 2:05 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 25264
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 30544
1994-01-01 .
1995-01-01 32946
1996-01-01 .
1997-01-01 35916
1998-01-01 38638
1999-01-01 40190
2000-01-01 42221
2001-01-01 41760
2002-01-01 43246
2003-01-01 44956
2004-01-01 46121
2005-01-01 46414
2006-01-01 49563
2007-01-01 52483
2008-01-01 53901
2009-01-01 53125
2010-01-01 52831
2011-01-01 56936
2012-01-01 55650
2013-01-01 63344
2014-01-01 61026
2015-01-01 64238
2016-01-01 61681
2017-01-01 67846
2018-01-01 65864
2019-01-01 74214
2020-01-01 74227
2021-01-01 80126
2022-01-01 84691
2023-01-01 87363

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