What is the median household income in Granville Township, IL?
The median household income in Granville Township, IL is $70,709 (±$4,349) a year (2020–2024 American Community Survey).
Paying the median gross rent of $824 a month would take about $33,000 a year at the common guideline of spending no more than 30% of income on rent.
In Granville Township, the median household income went from $61,250 in 2015–2019 to $70,709 in 2020–2024 (+15.4%).
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
- $70,709 (±$4,349)
- Median renter income
- $42,528 (±$10,360)
- Income to afford median rent
- about $33,000
Income in Granville Township against Putnam County, its state and the nation
| Granville Township | Putnam County | Illinois | United States | |
|---|---|---|---|---|
| Median household income | $70,709 (±$4,349) | $75,590 (±$4,927) | $83,390 (±$362) | $80,734 |
| Median renter household income | $42,528 (±$10,360) | $44,321 (±$4,098) | $50,420 (±$471) | $52,966 |
| Median owner household income | $81,739 (±$5,702) | $82,097 (±$7,548) | $103,505 (±$377) | $100,009 |
| Median gross rent | $824 (±$93) | $851 (±$53) | $1,274 (±$5) | $1,413 |
In Granville Township, median household income is not measurably different from Putnam County ($75,590).
It is also lower than in Illinois ($83,390).
It is lower than the national figure ($80,734).
In Putnam County, Granville Township ranks 8 of 10 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 1443 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 Granville 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 $824 a month ($9,888 a year) needs an income of about $33,000 a year.
The median renting household in Granville Township earns $42,528 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 | $61,250 (±$7,961) | $70,709 (±$4,349) | +15.4% | No measurable change after inflation |
| Median gross rent | $665 (±$70) | $824 (±$93) | +23.9% | No measurable change after inflation |
| Median home value | $109,500 (±$6,584) | $148,600 (±$11,841) | +35.7% | 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 Granville Township
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Granville Township | — | $70,709 (±$4,349) | — |
| Granville | 0.8 mi | $70,556 (±$9,142) | Not measurably different |
| Standard | 1.8 mi | $60,000 (±$22,862) | Not measurably different |
| Mark | 2.0 mi | $79,063 (±$10,654) | Not measurably different |
| Spring Valley | 4.6 mi | $70,598 (±$8,239) | Not measurably different |
| Cedar Point | 4.7 mi | $73,125 (±$45,628) | Not measurably different |
| Hennepin | 5.1 mi | $83,000 (±$12,813) | Not measurably different |
| Hennepin Township | 5.2 mi | $89,306 (±$15,236) | Higher |
| McNabb | 5.8 mi | $84,000 (±$24,740) | Not measurably different |
Nearby places with a measurably higher figure: Hennepin Township, IL ($89,306).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Putnam County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 2 | Magnolia Township | $85,625 (±$15,518) |
| 3 | McNabb | $84,000 (±$24,740) |
| 4 | Hennepin | $83,000 (±$12,813) |
| 5 | Magnolia | $81,406 (±$15,143) |
| 6 | Mark | $79,063 (±$10,654) |
| 7 | Senachwine Township | $73,333 (±$3,565) |
| 8 | Granville Township | $70,709 (±$4,349) |
| 9 | Granville | $70,556 (±$9,142) |
| 10 | Standard | $60,000 (±$22,862) |
Showing 9 of 10 places in Putnam 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.
What you can do on Seayora in Granville Township
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Questions about Granville Township
What is the median household income in Granville Township?
The median household income in Granville Township is $70,709 (±$4,349) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Granville Township?
About $33,000 a year, if rent is to stay at or below 30% of income at the median gross rent of $824 a month.
Have incomes in Granville Township kept up with inflation?
In Granville Township, the median household income went from $61,250 in 2015–2019 to $70,709 in 2020–2024 (+15.4%).
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 Granville Township?
The median renting household in Granville Township, IL earns $42,528 (±$10,360) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Granville township, Putnam County, Illinois
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Granville township, Putnam County, Illinois
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Granville township, Putnam County, Illinois
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Granville township, Putnam County, Illinois
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Granville township, Putnam County, Illinois
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Granville township, Putnam 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 Granville township, Putnam County, Illinois (county subdivision:31030, in state:17 county:155).
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 Granville Township at a glance
- Median rent in Granville Township
- Rent by bedrooms in Granville Township
- Rent burden in Granville Township
- Renters and owners in Granville Township
- Home values in Granville Township
- Homeowner costs in Granville Township
- Property taxes in Granville Township
- Types of homes in Granville Township
- Bedrooms in Granville Township
- Age of homes in Granville Township
- Heating fuel in Granville Township
- Commute and cars in Granville Township
- Population growth in Granville Township
- How long people stay in Granville Township
- Illinois landlord and tenant rules
- Housing across Putnam County
- Illinois places ranked by median household income
- Housing data for every place in Illinois