What is the median household income in Momence Township, IL?
The median household income in Momence Township, IL is $66,976 (±$9,972) a year (2020–2024 American Community Survey).
Paying the median gross rent of $743 a month would take about $29,700 a year at the common guideline of spending no more than 30% of income on rent.
In Momence Township, the median household income went from $46,332 in 2015–2019 to $66,976 in 2020–2024 (+44.6%).
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
- $66,976 (±$9,972)
- Median renter income
- $41,979 (±$19,185)
- Income to afford median rent
- about $29,700
Income in Momence Township against Kankakee County, its state and the nation
| Momence Township | Kankakee County | Illinois | United States | |
|---|---|---|---|---|
| Median household income | $66,976 (±$9,972) | $71,281 (±$2,921) | $83,390 (±$362) | $80,734 |
| Median renter household income | $41,979 (±$19,185) | $42,313 (±$3,642) | $50,420 (±$471) | $52,966 |
| Median owner household income | $72,218 (±$13,737) | $86,125 (±$3,684) | $103,505 (±$377) | $100,009 |
| Median gross rent | $743 (±$169) | $1,097 (±$36) | $1,274 (±$5) | $1,413 |
In Momence Township, median household income is not measurably different from Kankakee County ($71,281).
It is also lower than in Illinois ($83,390).
It is lower than the national figure ($80,734).
In Kankakee County, Momence Township ranks 28 of 36 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 1606 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 Momence 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 $743 a month ($8,916 a year) needs an income of about $29,700 a year.
The median renting household in Momence Township earns $41,979 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 | $46,332 (±$7,020) | $66,976 (±$9,972) | +44.6% | No measurable change after inflation |
| Median gross rent | $881 (±$94) | $743 (±$169) | −15.7% | Down after inflation |
| Median home value | $130,900 (±$24,406) | $159,200 (±$12,193) | +21.6% | 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 Momence Township
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Momence Township | — | $66,976 (±$9,972) | — |
| Momence | 3.8 mi | $58,365 (±$19,163) | Not measurably different |
| Grant Park | 5.7 mi | $78,385 (±$11,417) | Not measurably different |
| Ganeer Township | 6.1 mi | $65,208 (±$18,881) | Not measurably different |
| Yellowhead Township | 6.6 mi | $95,231 (±$10,854) | Higher |
| Hopkins Park | 6.9 mi | $30,660 (±$9,491) | Lower |
| Pembroke Township | 7.1 mi | $32,153 (±$14,818) | Lower |
| Lake Township (Newton County) | 7.1 mi | $83,005 (±$49,763) | Not measurably different |
| Schneider | 7.8 mi | $63,182 (±$13,709) | Not measurably different |
Nearby places with a measurably lower figure: Hopkins Park, IL ($30,660), Pembroke Township, IL ($32,153).
Nearby places with a measurably higher figure: Yellowhead Township, IL ($95,231).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Kankakee County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 22 | Aroma Park | $78,500 (±$17,806) |
| 23 | Grant Park | $78,385 (±$11,417) |
| 24 | Bourbonnais Township | $76,228 (±$5,006) |
| 25 | Aroma Township | $74,740 (±$9,643) |
| 26 | Norton Township | $74,063 (±$24,327) |
| 27 | Bradley | $67,420 (±$8,242) |
| 28 | Momence Township | $66,976 (±$9,972) |
| 29 | Sun River Terrace | $65,481 (±$37,918) |
| 30 | Ganeer Township | $65,208 (±$18,881) |
| 31 | Sammons Point | $62,250 (±$51,732) |
| 32 | Momence | $58,365 (±$19,163) |
| 33 | Kankakee Township | $50,768 (±$5,081) |
| 34 | Kankakee | $47,514 (±$3,599) |
Showing 13 of 36 places in Kankakee 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 Momence Township
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Questions about Momence Township
What is the median household income in Momence Township?
The median household income in Momence Township is $66,976 (±$9,972) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Momence Township?
About $29,700 a year, if rent is to stay at or below 30% of income at the median gross rent of $743 a month.
Have incomes in Momence Township kept up with inflation?
In Momence Township, the median household income went from $46,332 in 2015–2019 to $66,976 in 2020–2024 (+44.6%).
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 Momence Township?
The median renting household in Momence Township, IL earns $41,979 (±$19,185) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Momence township, Kankakee County, Illinois
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Momence township, Kankakee County, Illinois
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Momence township, Kankakee County, Illinois
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Momence township, Kankakee County, Illinois
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Momence township, Kankakee County, Illinois
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Momence township, Kankakee 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 Momence township, Kankakee County, Illinois (county subdivision:49906, in state:17 county:091).
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 Momence Township at a glance
- Median rent in Momence Township
- Rent by bedrooms in Momence Township
- Renters and owners in Momence Township
- Home values in Momence Township
- Homeowner costs in Momence Township
- Property taxes in Momence Township
- Types of homes in Momence Township
- Bedrooms in Momence Township
- Age of homes in Momence Township
- Heating fuel in Momence Township
- Commute and cars in Momence Township
- Population growth in Momence Township
- How long people stay in Momence Township
- Crowding and facilities in Momence Township
- Illinois landlord and tenant rules
- Housing across Kankakee County
- Illinois places ranked by median household income
- Housing data for every place in Illinois