What is the median household income in Busseron Township, IN?
The median household income in Busseron Township, IN is $45,521 (±$20,293) a year (2020–2024 American Community Survey).
Paying the median gross rent of $688 a month would take about $27,500 a year at the common guideline of spending no more than 30% of income on rent.
In Busseron Township, the median household income went from $53,958 in 2015–2019 to $45,521 in 2020–2024 (−15.6%).
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
- $45,521 (±$20,293)
- Median renter income
- $30,906 (±$5,923)
- Income to afford median rent
- about $27,500
Income in Busseron Township against Knox County, its state and the nation
| Busseron Township | Knox County | Indiana | United States | |
|---|---|---|---|---|
| Median household income | $45,521 (±$20,293) | $61,237 (±$4,302) | $71,957 (±$352) | $80,734 |
| Median renter household income | $30,906 (±$5,923) | $35,069 (±$4,742) | $42,811 (±$480) | $52,966 |
| Median owner household income | $61,417 (±$31,091) | $76,933 (±$5,889) | $87,459 (±$395) | $100,009 |
| Median gross rent | $688 (±$164) | $796 (±$45) | $1,062 (±$5) | $1,413 |
In Busseron Township, median household income is not measurably different from Knox County ($61,237).
It is also lower than in Indiana ($71,957).
It is lower than the national figure ($80,734).
In Knox County, Busseron Township ranks 15 of 17 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 1490 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 Busseron 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 $688 a month ($8,256 a year) needs an income of about $27,500 a year.
The median renting household in Busseron Township earns $30,906 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 | $53,958 (±$30,468) | $45,521 (±$20,293) | −15.6% | No measurable change after inflation |
| Median gross rent | $541 (±$85) | $688 (±$164) | +27.2% | No measurable change after inflation |
| Median home value | $107,500 (±$81,934) | $78,000 (±$28,082) | −27.4% | 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 Busseron Township
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Busseron Township | — | $45,521 (±$20,293) | — |
| Oaktown | 2.5 mi | $38,333 (±$23,353) | Not measurably different |
| Russellville | 3.6 mi | $47,813 (±$18,093) | Not measurably different |
| Russell Township | 5.6 mi | $78,750 (±$18,181) | Higher |
| Washington Township (Knox County) | 6.3 mi | $51,786 (±$15,780) | Not measurably different |
| Bruceville | 6.8 mi | $55,000 (±$17,683) | Not measurably different |
| Widner Township | 7.1 mi | $70,236 (±$19,783) | Not measurably different |
| Montgomery Township (Crawford County) | 7.6 mi | $50,536 (±$27,299) | Not measurably different |
| Carlisle | 8.8 mi | $45,750 (±$14,632) | Not measurably different |
Nearby places with a measurably higher figure: Russell Township, IL ($78,750).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Knox County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 9 | Bruceville | $55,000 (±$17,683) |
| 10 | Steen Township | $54,680 (±$3,805) |
| 11 | Vincennes | $53,637 (±$5,502) |
| 12 | Bicknell | $52,188 (±$21,796) |
| 13 | Washington Township (Knox County) | $51,786 (±$15,780) |
| 14 | Edwardsport | $51,667 (±$14,183) |
| 15 | Busseron Township | $45,521 (±$20,293) |
| 16 | Wheatland | $42,344 (±$16,426) |
| 17 | Oaktown | $38,333 (±$23,353) |
Showing 9 of 17 places in Knox 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 Busseron Township
What is the median household income in Busseron Township?
The median household income in Busseron Township is $45,521 (±$20,293) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Busseron Township?
About $27,500 a year, if rent is to stay at or below 30% of income at the median gross rent of $688 a month.
Have incomes in Busseron Township kept up with inflation?
In Busseron Township, the median household income went from $53,958 in 2015–2019 to $45,521 in 2020–2024 (−15.6%).
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 Busseron Township?
The median renting household in Busseron Township, IN earns $30,906 (±$5,923) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Busseron township, Knox County, Indiana
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Busseron township, Knox County, Indiana
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Busseron township, Knox County, Indiana
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Busseron township, Knox County, Indiana
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Busseron township, Knox County, Indiana
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Busseron township, Knox 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 Busseron township, Knox County, Indiana (county subdivision:09514, in state:18 county:083).
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 Busseron Township at a glance
- Median rent in Busseron Township
- Renters and owners in Busseron Township
- Home values in Busseron Township
- Homeowner costs in Busseron Township
- Property taxes in Busseron Township
- Types of homes in Busseron Township
- Bedrooms in Busseron Township
- Age of homes in Busseron Township
- Heating fuel in Busseron Township
- Commute and cars in Busseron Township
- Population growth in Busseron Township
- How long people stay in Busseron Township
- Indiana landlord and tenant rules
- Housing across Knox County
- Indiana places ranked by median household income
- Housing data for every place in Indiana