Federal Reserve Economic Data

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

Title 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Iron County, WI
Series ID MHICIUBWI55051A052NCEN
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 1:09 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 19347
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 23430
1994-01-01 .
1995-01-01 28231
1996-01-01 .
1997-01-01 29590
1998-01-01 31211
1999-01-01 31495
2000-01-01 33291
2001-01-01 32590
2002-01-01 33549
2003-01-01 34154
2004-01-01 35415
2005-01-01 37742
2006-01-01 36788
2007-01-01 39567
2008-01-01 38495
2009-01-01 37205
2010-01-01 38733
2011-01-01 41411
2012-01-01 41793
2013-01-01 40773
2014-01-01 42575
2015-01-01 45888
2016-01-01 45715
2017-01-01 44913
2018-01-01 48496
2019-01-01 52944
2020-01-01 53761
2021-01-01 56198
2022-01-01 64834

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