What is the median household income in Clay Township (Hendricks County), IN?
The median household income in Clay Township (Hendricks County), IN is $99,792 (±$19,804) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,179 a month would take about $47,200 a year at the common guideline of spending no more than 30% of income on rent.
In Clay Township (Hendricks County), the median household income went from $62,679 in 2015–2019 to $99,792 in 2020–2024 (+59.2%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
Figures last updated on .
- Median household income
- $99,792 (±$19,804)
- Median renter income
- $60,833 (±$15,928)
- Income to afford median rent
- about $47,200
Income in Clay Township (Hendricks County) against Hendricks County, its state and the nation
| Clay Township (Hendricks County) | Hendricks County | Indiana | United States | |
|---|---|---|---|---|
| Median household income | $99,792 (±$19,804) | $101,144 (±$2,791) | $71,957 (±$352) | $80,734 |
| Median renter household income | $60,833 (±$15,928) | $61,028 (±$3,309) | $42,811 (±$480) | $52,966 |
| Median owner household income | $102,886 (±$19,798) | $116,391 (±$2,485) | $87,459 (±$395) | $100,009 |
| Median gross rent | $1,179 (±$144) | $1,436 (±$48) | $1,062 (±$5) | $1,413 |
In Clay Township (Hendricks County), median household income is not measurably different from Hendricks County ($101,144).
It is also higher than in Indiana ($71,957).
It is not measurably different from the national figure ($80,734).
In Hendricks County, Clay Township (Hendricks County) ranks 9 of 23 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 188 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 Clay Township (Hendricks County)
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 $1,179 a month ($14,148 a year) needs an income of about $47,200 a year.
The median renting household in Clay Township (Hendricks County) earns $60,833 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 | $62,679 (±$8,162) | $99,792 (±$19,804) | +59.2% | Up after inflation |
| Median gross rent | $948 (±$86) | $1,179 (±$144) | +24.4% | No measurable change after inflation |
| Median home value | $162,100 (±$8,742) | $229,900 (±$36,375) | +41.8% | 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 Clay Township (Hendricks County)
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Clay Township (Hendricks County) | — | $99,792 (±$19,804) | — |
| Amo | 0.3 mi | $91,250 (±$19,748) | Not measurably different |
| Coatesville | 2.7 mi | $77,625 (±$12,582) | Not measurably different |
| Franklin Township (Hendricks County) | 3.7 mi | $104,500 (±$44,733) | Not measurably different |
| Stilesville | 3.8 mi | $74,821 (±$16,108) | Not measurably different |
| Clayton | 5.1 mi | $82,188 (±$17,172) | Not measurably different |
| Marion Township (Hendricks County) | 5.4 mi | $106,250 (±$15,465) | Not measurably different |
| Heritage Lake | 5.7 mi | $87,568 (±$11,600) | Not measurably different |
| Liberty Township (Hendricks County) | 6.7 mi | $82,171 (±$8,821) | 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 Hendricks County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 3 | Middle Township | $125,065 (±$6,083) |
| 4 | Marion Township (Hendricks County) | $106,250 (±$15,465) |
| 5 | Franklin Township (Hendricks County) | $104,500 (±$44,733) |
| 6 | Lincoln Township (Hendricks County) | $103,086 (±$6,692) |
| 7 | Brownsburg | $102,235 (±$5,773) |
| 8 | Washington Township (Hendricks County) | $100,090 (±$5,151) |
| 9 | Clay Township (Hendricks County) | $99,792 (±$19,804) |
| 10 | Avon | $98,486 (±$7,607) |
| 11 | Danville | $97,083 (±$10,338) |
| 12 | Center Township (Hendricks County) | $97,017 (±$6,108) |
| 13 | Lizton | $94,844 (±$28,976) |
| 14 | Amo | $91,250 (±$19,748) |
| 15 | Union Township (Hendricks County) | $89,153 (±$18,303) |
Showing 13 of 23 places in Hendricks 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 Clay Township (Hendricks County)
What is the median household income in Clay Township (Hendricks County)?
The median household income in Clay Township (Hendricks County) is $99,792 (±$19,804) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Clay Township (Hendricks County)?
About $47,200 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,179 a month.
Have incomes in Clay Township (Hendricks County) kept up with inflation?
In Clay Township (Hendricks County), the median household income went from $62,679 in 2015–2019 to $99,792 in 2020–2024 (+59.2%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
What do renters earn in Clay Township (Hendricks County)?
The median renting household in Clay Township (Hendricks County), IN earns $60,833 (±$15,928) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Clay township, Hendricks County, Indiana
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Clay township, Hendricks County, Indiana
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Clay township, Hendricks County, Indiana
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Clay township, Hendricks County, Indiana
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Clay township, Hendricks County, Indiana
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Clay township, Hendricks 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 Clay township, Hendricks County, Indiana (county subdivision:13078, in state:18 county:063).
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 Clay Township (Hendricks County) at a glance
- Home values in Clay Township (Hendricks County)
- Homeowner costs in Clay Township (Hendricks County)
- Property taxes in Clay Township (Hendricks County)
- Types of homes in Clay Township (Hendricks County)
- Age of homes in Clay Township (Hendricks County)
- Heating fuel in Clay Township (Hendricks County)
- Commute and cars in Clay Township (Hendricks County)
- Population growth in Clay Township (Hendricks County)
- How long people stay in Clay Township (Hendricks County)
- Fair Market Rent in Clay Township (Hendricks County)
- Indiana landlord and tenant rules
- Housing across Hendricks County
- Indiana places ranked by median household income
- Housing data for every place in Indiana