What is the median household income in Homer Township, IL?
The median household income in Homer Township, IL is $135,645 (±$7,363) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,888 a month would take about $75,500 a year at the common guideline of spending no more than 30% of income on rent.
In Homer Township, the median household income went from $105,005 in 2015–2019 to $135,645 in 2020–2024 (+29.2%).
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
- $135,645 (±$7,363)
- Median renter income
- $69,479 (±$29,897)
- Income to afford median rent
- about $75,500
Income in Homer Township against Will County, its state and the nation
| Homer Township | Will County | Illinois | United States | |
|---|---|---|---|---|
| Median household income | $135,645 (±$7,363) | $109,984 (±$1,819) | $83,390 (±$362) | $80,734 |
| Median renter household income | $69,479 (±$29,897) | $53,701 (±$2,319) | $50,420 (±$471) | $52,966 |
| Median owner household income | $140,210 (±$6,285) | $123,406 (±$1,822) | $103,505 (±$377) | $100,009 |
| Median gross rent | $1,888 (±$116) | $1,462 (±$33) | $1,274 (±$5) | $1,413 |
In Homer Township, median household income is higher than in Will County ($109,984).
It is also higher than in Illinois ($83,390).
It is higher than the national figure ($80,734).
In Will County, Homer Township ranks 7 of 57 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 135 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 Homer 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 $1,888 a month ($22,656 a year) needs an income of about $75,500 a year.
The median renting household in Homer Township earns $69,479 a year, less than that.
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 | $105,005 (±$4,115) | $135,645 (±$7,363) | +29.2% | No measurable change after inflation |
| Median gross rent | $1,616 (±$135) | $1,888 (±$116) | +16.8% | No measurable change after inflation |
| Median home value | $315,700 (±$5,675) | $409,700 (±$11,204) | +29.8% | Up 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 Homer Township
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Homer Township | — | $135,645 (±$7,363) | — |
| Homer Glen | 1.1 mi | $136,678 (±$7,189) | Not measurably different |
| Lockport | 3.4 mi | $111,981 (±$8,876) | Lower |
| Lemont | 5.3 mi | $123,370 (±$26,461) | Not measurably different |
| Lemont Township | 5.3 mi | $120,984 (±$11,687) | Lower |
| Fairmont | 5.3 mi | $70,795 (±$25,867) | Lower |
| Orland Park | 5.5 mi | $98,910 (±$4,566) | Lower |
| New Lenox Township | 5.6 mi | $133,434 (±$6,497) | Not measurably different |
| New Lenox | 5.7 mi | $140,865 (±$6,429) | Not measurably different |
Nearby places with a measurably lower figure: Lockport, IL ($111,981), Lemont Township, IL ($120,984), Fairmont, IL ($70,795).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Will County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 1 | Wheatland Township (Will County) | $172,808 (±$4,409) |
| 2 | Frankfort | $154,375 (±$11,309) |
| 3 | Plainfield | $144,000 (±$9,206) |
| 4 | New Lenox | $140,865 (±$6,429) |
| 5 | Homer Glen | $136,678 (±$7,189) |
| 6 | Channahon Township | $136,489 (±$13,480) |
| 7 | Homer Township | $135,645 (±$7,363) |
| 8 | Frankfort Township (Will County) | $134,769 (±$7,113) |
| 9 | Green Garden Township | $133,977 (±$25,994) |
| 10 | New Lenox Township | $133,434 (±$6,497) |
| 11 | Wilton Township | $129,643 (±$48,785) |
| 12 | Manhattan Township | $129,207 (±$8,043) |
| 13 | Manhattan | $128,522 (±$6,368) |
Showing 13 of 57 places in Will 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 Homer Township
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Questions about Homer Township
What is the median household income in Homer Township?
The median household income in Homer Township is $135,645 (±$7,363) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Homer Township?
About $75,500 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,888 a month.
Have incomes in Homer Township kept up with inflation?
In Homer Township, the median household income went from $105,005 in 2015–2019 to $135,645 in 2020–2024 (+29.2%).
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 Homer Township?
The median renting household in Homer Township, IL earns $69,479 (±$29,897) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Homer township, Will County, Illinois
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Homer township, Will County, Illinois
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Homer township, Will County, Illinois
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Homer township, Will County, Illinois
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Homer township, Will County, Illinois
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Homer township, Will 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 Homer township, Will County, Illinois (county subdivision:35827, in state:17 county:197).
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 Homer Township at a glance
- Median rent in Homer Township
- Rent by bedrooms in Homer Township
- Rent burden in Homer Township
- Renters and owners in Homer Township
- Home values in Homer Township
- Homeowner costs in Homer Township
- Property taxes in Homer Township
- Types of homes in Homer Township
- Bedrooms in Homer Township
- Age of homes in Homer Township
- Vacancy rate in Homer Township
- Heating fuel in Homer Township
- Commute and cars in Homer Township
- Population growth in Homer Township
- How long people stay in Homer Township
- Crowding and facilities in Homer Township
- Fair Market Rent in Homer Township
- Illinois landlord and tenant rules
- Housing across Will County
- Illinois places ranked by median household income
- Housing data for every place in Illinois