What is the median household income in Hobart Township, IN?
The median household income in Hobart Township, IN is $70,273 (±$3,362) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,137 a month would take about $45,500 a year at the common guideline of spending no more than 30% of income on rent.
In Hobart Township, the median household income went from $53,732 in 2015–2019 to $70,273 in 2020–2024 (+30.8%).
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
- $70,273 (±$3,362)
- Median renter income
- $43,612 (±$5,976)
- Income to afford median rent
- about $45,500
Income in Hobart Township against Lake County, its state and the nation
| Hobart Township | Lake County | Indiana | United States | |
|---|---|---|---|---|
| Median household income | $70,273 (±$3,362) | $71,493 (±$1,419) | $71,957 (±$352) | $80,734 |
| Median renter household income | $43,612 (±$5,976) | $41,002 (±$1,339) | $42,811 (±$480) | $52,966 |
| Median owner household income | $82,655 (±$5,609) | $88,178 (±$2,255) | $87,459 (±$395) | $100,009 |
| Median gross rent | $1,137 (±$61) | $1,131 (±$16) | $1,062 (±$5) | $1,413 |
In Hobart Township, median household income is not measurably different from Lake County ($71,493).
It is not measurably different from Indiana ($71,957).
It is lower than the national figure ($80,734).
In Lake County, Hobart Township ranks 22 of 31 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 800 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 Hobart 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 $1,137 a month ($13,644 a year) needs an income of about $45,500 a year.
The median renting household in Hobart Township earns $43,612 a year, less than that.
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 | $53,732 (±$2,362) | $70,273 (±$3,362) | +30.8% | No measurable change after inflation |
| Median gross rent | $946 (±$35) | $1,137 (±$61) | +20.2% | No measurable change after inflation |
| Median home value | $114,900 (±$3,454) | $184,000 (±$8,425) | +60.1% | 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 Hobart Township
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Hobart Township | — | $70,273 (±$3,362) | — |
| New Chicago | 1.0 mi | $57,313 (±$14,500) | Not measurably different |
| Lake Station | 2.2 mi | $59,591 (±$7,300) | Lower |
| Hobart | 2.3 mi | $75,160 (±$7,447) | Not measurably different |
| Portage Township (Porter County) | 5.0 mi | $76,594 (±$3,498) | Higher |
| Ross Township (Lake County) | 5.1 mi | $72,416 (±$4,637) | Not measurably different |
| Gary | 5.3 mi | $38,731 (±$2,687) | Lower |
| Calumet Township | 5.4 mi | $46,882 (±$2,119) | Lower |
| Portage | 5.4 mi | $76,276 (±$4,260) | Higher |
Nearby places with a measurably lower figure: Lake Station, IN ($59,591), Gary, IN ($38,731), Calumet Township, IN ($46,882).
Nearby places with a measurably higher figure: Portage Township (Porter County), IN ($76,594), Portage, IN ($76,276).
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 |
|---|---|---|
| 16 | Cedar Lake | $83,381 (±$13,325) |
| 17 | Highland | $78,062 (±$6,342) |
| 18 | Griffith | $76,636 (±$5,446) |
| 19 | Hobart | $75,160 (±$7,447) |
| 20 | Ross Township (Lake County) | $72,416 (±$4,637) |
| 21 | Whiting | $71,708 (±$17,978) |
| 22 | Hobart Township | $70,273 (±$3,362) |
| 23 | Merrillville | $67,587 (±$7,864) |
| 24 | Schneider | $63,182 (±$13,709) |
| 25 | North Township (Lake County) | $61,798 (±$2,371) |
| 26 | Lake Station | $59,591 (±$7,300) |
| 27 | New Chicago | $57,313 (±$14,500) |
| 28 | Hammond | $55,504 (±$2,507) |
Showing 13 of 31 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.
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Questions about Hobart Township
What is the median household income in Hobart Township?
The median household income in Hobart Township is $70,273 (±$3,362) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Hobart Township?
About $45,500 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,137 a month.
Have incomes in Hobart Township kept up with inflation?
In Hobart Township, the median household income went from $53,732 in 2015–2019 to $70,273 in 2020–2024 (+30.8%).
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 Hobart Township?
The median renting household in Hobart Township, IN earns $43,612 (±$5,976) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Hobart township, Lake County, Indiana
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Hobart township, Lake County, Indiana
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Hobart township, Lake County, Indiana
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Hobart township, Lake County, Indiana
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Hobart township, Lake County, Indiana
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Hobart township, Lake 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 Hobart township, Lake County, Indiana (county subdivision:34132, in state:18 county:089).
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 Hobart Township at a glance
- Median rent in Hobart Township
- Rent by bedrooms in Hobart Township
- Rent burden in Hobart Township
- Renters and owners in Hobart Township
- Home values in Hobart Township
- Homeowner costs in Hobart Township
- Property taxes in Hobart Township
- Types of homes in Hobart Township
- Bedrooms in Hobart Township
- Age of homes in Hobart Township
- Vacancy rate in Hobart Township
- Heating fuel in Hobart Township
- Commute and cars in Hobart Township
- Population growth in Hobart Township
- How long people stay in Hobart Township
- Crowding and facilities in Hobart Township
- Fair Market Rent in Hobart Township
- Indiana landlord and tenant rules
- Housing across Lake County
- Indiana places ranked by median household income
- Housing data for every place in Indiana