What is the median household income in Ashland Township, IN?
The median household income in Ashland Township, IN is $88,750 (±$41,598) a year (2020–2024 American Community Survey).
Paying the median gross rent of $888 a month would take about $35,500 a year at the common guideline of spending no more than 30% of income on rent.
In Ashland Township, the median household income went from $73,301 in 2015–2019 to $88,750 in 2020–2024 (+21.1%).
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
- $88,750 (±$41,598)
- Median renter income
- $55,750 (±$49,617)
- Income to afford median rent
- about $35,500
Income in Ashland Township against Morgan County, its state and the nation
| Ashland Township | Morgan County | Indiana | United States | |
|---|---|---|---|---|
| Median household income | $88,750 (±$41,598) | $79,429 (±$3,469) | $71,957 (±$352) | $80,734 |
| Median renter household income | $55,750 (±$49,617) | $42,086 (±$4,472) | $42,811 (±$480) | $52,966 |
| Median owner household income | $92,292 (±$43,371) | $93,246 (±$3,866) | $87,459 (±$395) | $100,009 |
| Median gross rent | $888 (±$260) | $1,042 (±$60) | $1,062 (±$5) | $1,413 |
In Ashland Township, median household income is not measurably different from Morgan County ($79,429).
It is not measurably different from Indiana ($71,957).
It is not measurably different from the national figure ($80,734).
In Morgan County, Ashland Township ranks 6 of 20 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 340 of 1,568.
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 Ashland 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 $888 a month ($10,656 a year) needs an income of about $35,500 a year.
The median renting household in Ashland Township earns $55,750 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 | $73,301 (±$4,370) | $88,750 (±$41,598) | +21.1% | No measurable change after inflation |
| Median gross rent | $640 (±$404) | $888 (±$260) | +38.8% | No measurable change after inflation |
| Median home value | $216,800 (±$38,618) | $199,600 (±$49,179) | −7.9% | 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 Ashland Township
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Ashland Township | — | $88,750 (±$41,598) | — |
| Harrison Township (Owen County) | 4.2 mi | $77,102 (±$58,994) | Not measurably different |
| Ray Township (Morgan County) | 5.2 mi | $87,292 (±$6,186) | Not measurably different |
| Gregg Township | 5.5 mi | $67,528 (±$15,513) | Not measurably different |
| Adams Township (Morgan County) | 5.7 mi | $71,458 (±$16,057) | Not measurably different |
| Paragon | 6.2 mi | $73,750 (±$34,735) | Not measurably different |
| Jefferson Township (Morgan County) | 6.8 mi | $101,587 (±$11,912) | Not measurably different |
| Taylor Township (Owen County) | 7.3 mi | $54,896 (±$30,935) | Not measurably different |
| Wayne Township (Owen County) | 7.7 mi | $63,802 (±$11,375) | Not measurably different |
None of the nearby places differs measurably from this one on this figure.
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Morgan County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 1 | Green Township (Morgan County) | $116,474 (±$14,154) |
| 2 | Jefferson Township (Morgan County) | $101,587 (±$11,912) |
| 3 | Monroe Township (Morgan County) | $101,573 (±$28,902) |
| 4 | Madison Township (Morgan County) | $96,058 (±$9,885) |
| 5 | Monrovia | $92,344 (±$19,047) |
| 6 | Ashland Township | $88,750 (±$41,598) |
| 7 | Ray Township (Morgan County) | $87,292 (±$6,186) |
| 8 | Clay Township (Morgan County) | $81,944 (±$11,328) |
| 9 | Harrison Township (Morgan County) | $74,735 (±$62,861) |
| 10 (tie) | Paragon | $73,750 (±$34,735) |
| 10 (tie) | Baker Township | $73,750 (±$13,953) |
| 12 | Jackson Township (Morgan County) | $72,192 (±$9,580) |
Showing 12 of 20 places in Morgan 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 Ashland Township
What is the median household income in Ashland Township?
The median household income in Ashland Township is $88,750 (±$41,598) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Ashland Township?
About $35,500 a year, if rent is to stay at or below 30% of income at the median gross rent of $888 a month.
Have incomes in Ashland Township kept up with inflation?
In Ashland Township, the median household income went from $73,301 in 2015–2019 to $88,750 in 2020–2024 (+21.1%).
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 Ashland Township?
The median renting household in Ashland Township, IN earns $55,750 (±$49,617) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Ashland township, Morgan County, Indiana
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Ashland township, Morgan County, Indiana
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Ashland township, Morgan County, Indiana
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Ashland township, Morgan County, Indiana
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Ashland township, Morgan County, Indiana
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Ashland township, Morgan County, Indiana
- 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 Ashland township, Morgan County, Indiana (county subdivision:02440, in state:18 county:109).
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 Ashland Township at a glance
- Home values in Ashland Township
- Homeowner costs in Ashland Township
- Property taxes in Ashland Township
- Types of homes in Ashland Township
- Bedrooms in Ashland Township
- Age of homes in Ashland Township
- Heating fuel in Ashland Township
- Commute and cars in Ashland Township
- Population growth in Ashland Township
- How long people stay in Ashland Township
- Fair Market Rent in Ashland Township
- Indiana landlord and tenant rules
- Housing across Morgan County
- Indiana places ranked by median household income
- Housing data for every place in Indiana