Federal Reserve Economic Data

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

Title 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Wood County, WI
Series ID MHICIUBWI55141A052NCEN
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 1:51 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 31887
1990-01-01 .
1991-01-01 .
1992-01-01 .
1993-01-01 37285
1994-01-01 .
1995-01-01 42033
1996-01-01 .
1997-01-01 44845
1998-01-01 45947
1999-01-01 45182
2000-01-01 47224
2001-01-01 46081
2002-01-01 46821
2003-01-01 47548
2004-01-01 48862
2005-01-01 46721
2006-01-01 48827
2007-01-01 52876
2008-01-01 49402
2009-01-01 46903
2010-01-01 48097
2011-01-01 48918
2012-01-01 48666
2013-01-01 51934
2014-01-01 53445
2015-01-01 53288
2016-01-01 56109
2017-01-01 57235
2018-01-01 59255
2019-01-01 61278
2020-01-01 56957
2021-01-01 60469
2022-01-01 68481

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