What is the median household income in Newport Township, IL?
The median household income in Newport Township, IL is $125,074 (±$25,609) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,359 a month would take about $54,400 a year at the common guideline of spending no more than 30% of income on rent.
In Newport Township, the median household income went from $86,690 in 2015–2019 to $125,074 in 2020–2024 (+44.3%).
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
- $125,074 (±$25,609)
- Median renter income
- $58,917 (±$38,433)
- Income to afford median rent
- about $54,400
Income in Newport Township against Lake County, its state and the nation
| Newport Township | Lake County | Illinois | United States | |
|---|---|---|---|---|
| Median household income | $125,074 (±$25,609) | $110,416 (±$1,747) | $83,390 (±$362) | $80,734 |
| Median renter household income | $58,917 (±$38,433) | $60,278 (±$2,115) | $50,420 (±$471) | $52,966 |
| Median owner household income | $132,357 (±$22,152) | $134,561 (±$2,098) | $103,505 (±$377) | $100,009 |
| Median gross rent | $1,359 (±$487) | $1,477 (±$29) | $1,274 (±$5) | $1,413 |
In Newport Township, median household income is not measurably different from Lake County ($110,416).
It is also higher than in Illinois ($83,390).
It is higher than the national figure ($80,734).
In Lake County, Newport Township ranks 34 of 71 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 206 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 Newport 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 $1,359 a month ($16,308 a year) needs an income of about $54,400 a year.
The median renting household in Newport Township earns $58,917 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 | $86,690 (±$12,054) | $125,074 (±$25,609) | +44.3% | No measurable change after inflation |
| Median gross rent | $1,229 (±$242) | $1,359 (±$487) | +10.6% | No measurable change after inflation |
| Median home value | $273,100 (±$13,554) | $350,100 (±$15,322) | +28.2% | 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 Newport Township
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Newport Township | — | $125,074 (±$25,609) | — |
| Wadsworth | 1.2 mi | $142,738 (±$49,806) | Not measurably different |
| Old Mill Creek | 2.2 mi | $108,333 (±$79,933) | Not measurably different |
| Beach Park | 3.8 mi | $85,664 (±$9,566) | Lower |
| Lindenhurst | 4.7 mi | $131,474 (±$9,445) | Not measurably different |
| Grandwood Park | 4.7 mi | $126,736 (±$26,204) | Not measurably different |
| Benton Township (Lake County) | 4.7 mi | $82,995 (±$6,115) | Lower |
| Zion | 5.0 mi | $63,104 (±$10,123) | Lower |
| Zion Township | 5.0 mi | $63,104 (±$10,123) | Lower |
Nearby places with a measurably lower figure: Beach Park, IL ($85,664), Benton Township (Lake County), IL ($82,995), Zion, IL ($63,104).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Lake County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 28 | Lake Zurich | $135,968 (±$12,238) |
| 29 | Libertyville Township | $134,398 (±$8,485) |
| 30 | Lindenhurst | $131,474 (±$9,445) |
| 31 | Hainesville | $129,911 (±$28,031) |
| 32 | Buffalo Grove | $129,395 (±$8,479) |
| 33 | Grandwood Park | $126,736 (±$26,204) |
| 34 | Newport Township | $125,074 (±$25,609) |
| 35 | Vernon Hills | $121,943 (±$10,929) |
| 36 | Fremont Township | $120,182 (±$8,523) |
| 37 | Lake Villa Township | $119,947 (±$3,899) |
| 38 | Gurnee | $119,628 (±$7,873) |
| 39 | Lake Villa | $118,750 (±$14,941) |
| 40 | Grayslake | $113,972 (±$4,221) |
Showing 13 of 71 places in Lake 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 Newport Township
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Questions about Newport Township
What is the median household income in Newport Township?
The median household income in Newport Township is $125,074 (±$25,609) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Newport Township?
About $54,400 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,359 a month.
Have incomes in Newport Township kept up with inflation?
In Newport Township, the median household income went from $86,690 in 2015–2019 to $125,074 in 2020–2024 (+44.3%).
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 Newport Township?
The median renting household in Newport Township, IL earns $58,917 (±$38,433) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Newport township, Lake County, Illinois
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Newport township, Lake County, Illinois
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Newport township, Lake County, Illinois
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Newport township, Lake County, Illinois
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Newport township, Lake County, Illinois
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Newport township, Lake 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 Newport township, Lake County, Illinois (county subdivision:52753, in state:17 county:097).
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 Newport Township at a glance
- Median rent in Newport Township
- Home values in Newport Township
- Homeowner costs in Newport Township
- Property taxes in Newport Township
- Types of homes in Newport Township
- Bedrooms in Newport Township
- Age of homes in Newport Township
- Heating fuel in Newport Township
- Commute and cars in Newport Township
- Population growth in Newport Township
- How long people stay in Newport Township
- Fair Market Rent in Newport Township
- Illinois landlord and tenant rules
- Housing across Lake County
- Illinois places ranked by median household income
- Housing data for every place in Illinois