What is the median household income in Lafayette Township (Floyd County), IN?
The median household income in Lafayette Township (Floyd County), IN is $118,380 (±$13,037) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,154 a month would take about $46,200 a year at the common guideline of spending no more than 30% of income on rent.
In Lafayette Township (Floyd County), the median household income went from $100,370 in 2015–2019 to $118,380 in 2020–2024 (+17.9%).
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
- $118,380 (±$13,037)
- Income to afford median rent
- about $46,200
Income in Lafayette Township (Floyd County) against Floyd County, its state and the nation
| Lafayette Township (Floyd County) | Floyd County | Indiana | United States | |
|---|---|---|---|---|
| Median household income | $118,380 (±$13,037) | $79,704 (±$2,919) | $71,957 (±$352) | $80,734 |
| Median renter household income | — | $40,724 (±$3,666) | $42,811 (±$480) | $52,966 |
| Median owner household income | $119,537 (±$15,824) | $95,265 (±$4,015) | $87,459 (±$395) | $100,009 |
| Median gross rent | $1,154 (±$231) | $1,036 (±$30) | $1,062 (±$5) | $1,413 |
In Lafayette Township (Floyd County), median household income is higher than in Floyd County ($79,704).
It is also higher than in Indiana ($71,957).
It is higher than the national figure ($80,734).
In Floyd County, Lafayette Township (Floyd County) ranks 4 of 9 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 67 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 Lafayette Township (Floyd 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 $1,154 a month ($13,848 a year) needs an income of about $46,200 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 | $100,370 (±$9,036) | $118,380 (±$13,037) | +17.9% | No measurable change after inflation |
| Median gross rent | $765 (±$286) | $1,154 (±$231) | +50.8% | No measurable change after inflation |
| Median home value | $254,600 (±$20,541) | $363,700 (±$30,561) | +42.9% | 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 Lafayette Township (Floyd County)
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Lafayette Township (Floyd County) | — | $118,380 (±$13,037) | — |
| Galena | 3.1 mi | $127,738 (±$44,291) | Not measurably different |
| New Albany Township | 4.0 mi | $65,344 (±$3,865) | Lower |
| New Albany | 4.5 mi | $54,710 (±$2,838) | Lower |
| Greenville Township | 5.4 mi | $121,435 (±$17,083) | Not measurably different |
| Greenville | 5.6 mi | $134,934 (±$7,877) | Higher |
| Georgetown Township | 5.7 mi | $108,287 (±$7,726) | Not measurably different |
| Carr Township (Clark County) | 5.7 mi | $107,295 (±$15,969) | Not measurably different |
| Georgetown | 6.2 mi | $113,265 (±$16,215) | Not measurably different |
Nearby places with a measurably lower figure: New Albany Township, IN ($65,344), New Albany, IN ($54,710).
Nearby places with a measurably higher figure: Greenville, IN ($134,934).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Floyd County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 1 | Greenville | $134,934 (±$7,877) |
| 2 | Galena | $127,738 (±$44,291) |
| 3 | Greenville Township | $121,435 (±$17,083) |
| 4 | Lafayette Township (Floyd County) | $118,380 (±$13,037) |
| 5 | Georgetown | $113,265 (±$16,215) |
| 6 | Georgetown Township | $108,287 (±$7,726) |
| 7 | Franklin Township (Floyd County) | $91,477 (±$24,015) |
| 8 | New Albany Township | $65,344 (±$3,865) |
| 9 | New Albany | $54,710 (±$2,838) |
The figures for Lafayette Township (Floyd County) include the places inside it that have pages of their own: Floyds Knobs.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
What you can do on Seayora in Lafayette Township (Floyd County)
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Questions about Lafayette Township (Floyd County)
What is the median household income in Lafayette Township (Floyd County)?
The median household income in Lafayette Township (Floyd County) is $118,380 (±$13,037) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Lafayette Township (Floyd County)?
About $46,200 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,154 a month.
Have incomes in Lafayette Township (Floyd County) kept up with inflation?
In Lafayette Township (Floyd County), the median household income went from $100,370 in 2015–2019 to $118,380 in 2020–2024 (+17.9%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Lafayette township, Floyd County, Indiana
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Lafayette township, Floyd County, Indiana
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Lafayette township, Floyd County, Indiana
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Lafayette township, Floyd County, Indiana
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Lafayette township, Floyd County, Indiana
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Lafayette township, Floyd 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 Lafayette township, Floyd County, Indiana (county subdivision:40734, in state:18 county:043).
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
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- Home values in Lafayette Township (Floyd County)
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- Property taxes in Lafayette Township (Floyd County)
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- Population growth in Lafayette Township (Floyd County)
- How long people stay in Lafayette Township (Floyd County)
- Crowding and facilities in Lafayette Township (Floyd County)
- Fair Market Rent in Lafayette Township (Floyd County)
- Indiana landlord and tenant rules
- Housing across Floyd County
- Indiana places ranked by median household income
- Housing data for every place in Indiana