What is the median household income in Braceville Township, IL?
The median household income in Braceville Township, IL is $83,357 (±$17,283) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,143 a month would take about $45,700 a year at the common guideline of spending no more than 30% of income on rent.
In Braceville Township, the median household income went from $77,036 in 2015–2019 to $83,357 in 2020–2024 (+8.2%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median household income
- $83,357 (±$17,283)
- Median renter income
- $59,464 (±$18,356)
- Income to afford median rent
- about $45,700
Income in Braceville Township against Grundy County, its state and the nation
| Braceville Township | Grundy County | Illinois | United States | |
|---|---|---|---|---|
| Median household income | $83,357 (±$17,283) | $92,235 (±$7,255) | $83,390 (±$362) | $80,734 |
| Median renter household income | $59,464 (±$18,356) | $60,212 (±$8,001) | $50,420 (±$471) | $52,966 |
| Median owner household income | $99,183 (±$7,984) | $105,842 (±$5,427) | $103,505 (±$377) | $100,009 |
| Median gross rent | $1,143 (±$100) | $1,177 (±$59) | $1,274 (±$5) | $1,413 |
In Braceville Township, median household income is not measurably different from Grundy County ($92,235).
It is not measurably different from Illinois ($83,390).
It is not measurably different from the national figure ($80,734).
In Grundy County, Braceville Township ranks 18 of 28 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 962 of 2,652.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How much you need to earn to rent in Braceville Township
Many landlords and housing programs use 30% of gross income as the most a household should spend on rent.
At that guideline, the median gross rent of $1,143 a month ($13,716 a year) needs an income of about $45,700 a year.
The median renting household in Braceville Township earns $59,464 a year.
This is arithmetic on the published medians, not a rule any landlord must follow; screening criteria vary and some places limit how income may be weighed.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $77,036 (±$7,516) | $83,357 (±$17,283) | +8.2% | No measurable change after inflation |
| Median gross rent | $979 (±$89) | $1,143 (±$100) | +16.8% | No measurable change after inflation |
| Median home value | $189,400 (±$18,700) | $220,100 (±$20,745) | +16.2% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median household income in places near Braceville Township
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Braceville Township | — | $83,357 (±$17,283) | — |
| Braceville | 1.4 mi | $89,167 (±$22,738) | Not measurably different |
| Godley | 1.8 mi | $53,438 (±$24,564) | Not measurably different |
| Coal City | 2.4 mi | $72,857 (±$11,017) | Not measurably different |
| Diamond | 3.1 mi | $73,201 (±$17,326) | Not measurably different |
| Reed Township | 3.3 mi | $82,398 (±$15,749) | Not measurably different |
| Braidwood | 3.3 mi | $82,202 (±$16,084) | Not measurably different |
| Carbon Hill | 3.8 mi | $103,125 (±$19,404) | Not measurably different |
| Gardner | 3.9 mi | $88,092 (±$10,228) | Not measurably different |
None of the nearby places differs measurably from this one on this figure.
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Grundy County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 12 | Greenfield Township | $88,750 (±$10,075) |
| 13 (tie) | Gardner | $88,092 (±$10,228) |
| 13 (tie) | Garfield Township | $88,092 (±$10,249) |
| 15 | South Wilmington | $86,750 (±$10,535) |
| 16 | Goodfarm Township | $85,938 (±$30,819) |
| 17 | East Brooklyn | $83,750 (±$41,138) |
| 18 | Braceville Township | $83,357 (±$17,283) |
| 19 | Mazon Township | $82,273 (±$20,593) |
| 20 | Saratoga Township (Grundy County) | $81,642 (±$14,008) |
| 21 | Morris | $76,711 (±$7,493) |
| 22 | Morris Township | $74,458 (±$7,502) |
| 23 | Mazon | $73,750 (±$22,779) |
| 24 | Diamond | $73,201 (±$17,326) |
Showing 13 of 28 places in Grundy County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Braceville Township
What is the median household income in Braceville Township?
The median household income in Braceville Township is $83,357 (±$17,283) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Braceville Township?
About $45,700 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,143 a month.
Have incomes in Braceville Township kept up with inflation?
In Braceville Township, the median household income went from $77,036 in 2015–2019 to $83,357 in 2020–2024 (+8.2%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
What do renters earn in Braceville Township?
The median renting household in Braceville Township, IL earns $59,464 (±$18,356) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Braceville township, Grundy County, Illinois
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Braceville township, Grundy County, Illinois
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Braceville township, Grundy County, Illinois
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Braceville township, Grundy County, Illinois
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Braceville township, Grundy County, Illinois
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Braceville township, Grundy County, Illinois
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Braceville township, Grundy County, Illinois (county subdivision:07653, in state:17 county:063).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Braceville Township at a glance
- Median rent in Braceville Township
- Rent by bedrooms in Braceville Township
- Renters and owners in Braceville Township
- Home values in Braceville Township
- Homeowner costs in Braceville Township
- Property taxes in Braceville Township
- Types of homes in Braceville Township
- Bedrooms in Braceville Township
- Age of homes in Braceville Township
- Heating fuel in Braceville Township
- Commute and cars in Braceville Township
- Population growth in Braceville Township
- How long people stay in Braceville Township
- Illinois landlord and tenant rules
- Housing across Grundy County
- Illinois places ranked by median household income
- Housing data for every place in Illinois