What is the median household income in Fairfield Township (Tippecanoe County), IN?
The median household income in Fairfield Township (Tippecanoe County), IN is $54,354 (±$2,707) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,043 a month would take about $41,700 a year at the common guideline of spending no more than 30% of income on rent.
In Fairfield Township (Tippecanoe County), the median household income went from $43,668 in 2015–2019 to $54,354 in 2020–2024 (+24.5%).
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
- $54,354 (±$2,707)
- Median renter income
- $44,017 (±$2,249)
- Income to afford median rent
- about $41,700
Income in Fairfield Township (Tippecanoe County) against Tippecanoe County, its state and the nation
| Fairfield Township (Tippecanoe County) | Tippecanoe County | Indiana | United States | |
|---|---|---|---|---|
| Median household income | $54,354 (±$2,707) | $60,636 (±$1,807) | $71,957 (±$352) | $80,734 |
| Median renter household income | $44,017 (±$2,249) | $36,674 (±$1,510) | $42,811 (±$480) | $52,966 |
| Median owner household income | $72,607 (±$4,366) | $90,073 (±$3,014) | $87,459 (±$395) | $100,009 |
| Median gross rent | $1,043 (±$24) | $1,124 (±$18) | $1,062 (±$5) | $1,413 |
In Fairfield Township (Tippecanoe County), median household income is lower than in Tippecanoe County ($60,636).
It is also lower than in Indiana ($71,957).
It is lower than the national figure ($80,734).
In Tippecanoe County, Fairfield Township (Tippecanoe County) ranks 14 of 18 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 1302 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 Fairfield Township (Tippecanoe 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 $1,043 a month ($12,516 a year) needs an income of about $41,700 a year.
The median renting household in Fairfield Township (Tippecanoe County) earns $44,017 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 | $43,668 (±$1,472) | $54,354 (±$2,707) | +24.5% | No measurable change after inflation |
| Median gross rent | $802 (±$17) | $1,043 (±$24) | +30.0% | Up after inflation |
| Median home value | $110,200 (±$4,552) | $169,600 (±$5,549) | +53.9% | Up 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 Fairfield Township (Tippecanoe County)
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Fairfield Township (Tippecanoe County) | — | $54,354 (±$2,707) | — |
| Lafayette | 2.1 mi | $53,716 (±$2,765) | Not measurably different |
| West Lafayette | 3.9 mi | $34,891 (±$4,238) | Lower |
| Perry Township (Tippecanoe County) | 5.3 mi | $86,778 (±$8,531) | Higher |
| Battle Ground | 5.5 mi | $110,568 (±$23,986) | Higher |
| Wea Township | 5.5 mi | $69,142 (±$5,770) | Higher |
| Dayton | 5.6 mi | $78,289 (±$8,348) | Higher |
| Wabash Township (Tippecanoe County) | 6.4 mi | $41,054 (±$4,739) | Lower |
| Tippecanoe Township (Tippecanoe County) | 6.7 mi | $109,652 (±$13,116) | Higher |
Nearby places with a measurably lower figure: West Lafayette, IN ($34,891), Wabash Township (Tippecanoe County), IN ($41,054).
Nearby places with a measurably higher figure: Perry Township (Tippecanoe County), IN ($86,778), Battle Ground, IN ($110,568), Wea Township, IN ($69,142).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Tippecanoe County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 7 (tie) | Union Township (Tippecanoe County) | $82,708 (±$22,840) |
| 9 | Sheffield Township | $81,346 (±$21,426) |
| 10 | Dayton | $78,289 (±$8,348) |
| 11 | Lauramie Township | $74,805 (±$14,149) |
| 12 | Washington Township (Tippecanoe County) | $70,536 (±$11,041) |
| 13 | Wea Township | $69,142 (±$5,770) |
| 14 | Fairfield Township (Tippecanoe County) | $54,354 (±$2,707) |
| 15 | Lafayette | $53,716 (±$2,765) |
| 16 | Clarks Hill | $46,806 (±$23,274) |
| 17 | Wabash Township (Tippecanoe County) | $41,054 (±$4,739) |
| 18 | West Lafayette | $34,891 (±$4,238) |
Showing 11 of 18 places in Tippecanoe 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 Fairfield Township (Tippecanoe County)
What is the median household income in Fairfield Township (Tippecanoe County)?
The median household income in Fairfield Township (Tippecanoe County) is $54,354 (±$2,707) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Fairfield Township (Tippecanoe County)?
About $41,700 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,043 a month.
Have incomes in Fairfield Township (Tippecanoe County) kept up with inflation?
In Fairfield Township (Tippecanoe County), the median household income went from $43,668 in 2015–2019 to $54,354 in 2020–2024 (+24.5%).
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 Fairfield Township (Tippecanoe County)?
The median renting household in Fairfield Township (Tippecanoe County), IN earns $44,017 (±$2,249) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Fairfield township, Tippecanoe County, Indiana
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Fairfield township, Tippecanoe County, Indiana
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Fairfield township, Tippecanoe County, Indiana
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Fairfield township, Tippecanoe County, Indiana
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Fairfield township, Tippecanoe County, Indiana
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Fairfield township, Tippecanoe 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 Fairfield township, Tippecanoe County, Indiana (county subdivision:22342, in state:18 county:157).
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 Fairfield Township (Tippecanoe County) at a glance
- Median rent in Fairfield Township (Tippecanoe County)
- Rent by bedrooms in Fairfield Township (Tippecanoe County)
- Rent burden in Fairfield Township (Tippecanoe County)
- Renters and owners in Fairfield Township (Tippecanoe County)
- Home values in Fairfield Township (Tippecanoe County)
- Homeowner costs in Fairfield Township (Tippecanoe County)
- Property taxes in Fairfield Township (Tippecanoe County)
- Types of homes in Fairfield Township (Tippecanoe County)
- Bedrooms in Fairfield Township (Tippecanoe County)
- Age of homes in Fairfield Township (Tippecanoe County)
- Vacancy rate in Fairfield Township (Tippecanoe County)
- Heating fuel in Fairfield Township (Tippecanoe County)
- Commute and cars in Fairfield Township (Tippecanoe County)
- Population growth in Fairfield Township (Tippecanoe County)
- How long people stay in Fairfield Township (Tippecanoe County)
- Crowding and facilities in Fairfield Township (Tippecanoe County)
- Indiana landlord and tenant rules
- Housing across Tippecanoe County
- Indiana places ranked by median household income
- Housing data for every place in Indiana