What is the median household income in Franklin Grove Township, IL?
The median household income in Franklin Grove Township, IL is $63,194 (±$15,663) a year (2020–2024 American Community Survey).
Paying the median gross rent of $834 a month would take about $33,400 a year at the common guideline of spending no more than 30% of income on rent.
In Franklin Grove Township, the median household income went from $49,706 in 2015–2019 to $63,194 in 2020–2024 (+27.1%).
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
- $63,194 (±$15,663)
- Median renter income
- $53,750 (±$48,391)
- Income to afford median rent
- about $33,400
Income in Franklin Grove Township against Lee County, its state and the nation
| Franklin Grove Township | Lee County | Illinois | United States | |
|---|---|---|---|---|
| Median household income | $63,194 (±$15,663) | $70,292 (±$2,918) | $83,390 (±$362) | $80,734 |
| Median renter household income | $53,750 (±$48,391) | $45,566 (±$7,165) | $50,420 (±$471) | $52,966 |
| Median owner household income | $64,792 (±$16,821) | $82,713 (±$6,214) | $103,505 (±$377) | $100,009 |
| Median gross rent | $834 (±$70) | $894 (±$50) | $1,274 (±$5) | $1,413 |
In Franklin Grove Township, median household income is not measurably different from Lee County ($70,292).
It is also lower than in Illinois ($83,390).
It is lower than the national figure ($80,734).
In Lee County, Franklin Grove Township ranks 26 of 33 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 1791 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 Franklin Grove 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 $834 a month ($10,008 a year) needs an income of about $33,400 a year.
The median renting household in Franklin Grove Township earns $53,750 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 | $49,706 (±$16,082) | $63,194 (±$15,663) | +27.1% | No measurable change after inflation |
| Median gross rent | $818 (±$192) | $834 (±$70) | +2.0% | No measurable change after inflation |
| Median home value | $103,100 (±$16,271) | $122,600 (±$18,414) | +18.9% | 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 Franklin Grove Township
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Franklin Grove Township | — | $63,194 (±$15,663) | — |
| Franklin Grove | 1.4 mi | $58,618 (±$7,775) | Not measurably different |
| Nachusa Township | 3.1 mi | $111,250 (±$45,369) | Higher |
| Bradford Township | 5.0 mi | $91,625 (±$10,963) | Higher |
| Ashton Township | 5.4 mi | $71,087 (±$7,954) | Not measurably different |
| Ashton | 5.5 mi | $62,778 (±$8,405) | Not measurably different |
| Taylor Township | 6.0 mi | $109,893 (±$9,136) | Higher |
| South Dixon Township | 7.3 mi | $55,938 (±$48,994) | Not measurably different |
| Lafayette Township (Ogle County) | 7.5 mi | $195,625 (±$145,550) | Not measurably different |
Nearby places with a measurably higher figure: Nachusa Township, IL ($111,250), Bradford Township, IL ($91,625), Taylor Township, IL ($109,893).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Lee County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 20 | Amboy | $68,258 (±$8,853) |
| 21 (tie) | Harmon | $66,250 (±$45,365) |
| 21 (tie) | Sublette | $66,250 (±$24,153) |
| 23 | Paw Paw | $65,156 (±$10,295) |
| 24 | Dixon Township | $64,245 (±$5,518) |
| 25 | Brooklyn Township (Lee County) | $63,846 (±$9,637) |
| 26 | Franklin Grove Township | $63,194 (±$15,663) |
| 27 | Ashton | $62,778 (±$8,405) |
| 28 | Sublette Township | $60,479 (±$7,831) |
| 29 | Dixon | $59,406 (±$4,100) |
| 30 | Franklin Grove | $58,618 (±$7,775) |
| 31 | Compton | $57,500 (±$15,773) |
| 32 | South Dixon Township | $55,938 (±$48,994) |
Showing 13 of 33 places in Lee 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 Franklin Grove Township
What is the median household income in Franklin Grove Township?
The median household income in Franklin Grove Township is $63,194 (±$15,663) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Franklin Grove Township?
About $33,400 a year, if rent is to stay at or below 30% of income at the median gross rent of $834 a month.
Have incomes in Franklin Grove Township kept up with inflation?
In Franklin Grove Township, the median household income went from $49,706 in 2015–2019 to $63,194 in 2020–2024 (+27.1%).
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 Franklin Grove Township?
The median renting household in Franklin Grove Township, IL earns $53,750 (±$48,391) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Franklin Grove township, Lee County, Illinois
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Franklin Grove township, Lee County, Illinois
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Franklin Grove township, Lee County, Illinois
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Franklin Grove township, Lee County, Illinois
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Franklin Grove township, Lee County, Illinois
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Franklin Grove township, Lee 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 Franklin Grove township, Lee County, Illinois (county subdivision:27695, in state:17 county:103).
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 Franklin Grove Township at a glance
- Median rent in Franklin Grove Township
- Renters and owners in Franklin Grove Township
- Home values in Franklin Grove Township
- Homeowner costs in Franklin Grove Township
- Property taxes in Franklin Grove Township
- Types of homes in Franklin Grove Township
- Bedrooms in Franklin Grove Township
- Age of homes in Franklin Grove Township
- Heating fuel in Franklin Grove Township
- Commute and cars in Franklin Grove Township
- Population growth in Franklin Grove Township
- Illinois landlord and tenant rules
- Housing across Lee County
- Illinois places ranked by median household income
- Housing data for every place in Illinois