What is the median household income in Liberty Township (Wabash County), IN?
The median household income in Liberty Township (Wabash County), IN is $65,046 (±$8,369) a year (2020–2024 American Community Survey).
Paying the median gross rent of $974 a month would take about $39,000 a year at the common guideline of spending no more than 30% of income on rent.
In Liberty Township (Wabash County), the median household income went from $61,333 in 2015–2019 to $65,046 in 2020–2024 (+6.1%).
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
- $65,046 (±$8,369)
- Median renter income
- $56,278 (±$3,122)
- Income to afford median rent
- about $39,000
Income in Liberty Township (Wabash County) against Wabash County, its state and the nation
| Liberty Township (Wabash County) | Wabash County | Indiana | United States | |
|---|---|---|---|---|
| Median household income | $65,046 (±$8,369) | $66,806 (±$3,453) | $71,957 (±$352) | $80,734 |
| Median renter household income | $56,278 (±$3,122) | $33,663 (±$6,785) | $42,811 (±$480) | $52,966 |
| Median owner household income | $69,261 (±$13,634) | $78,337 (±$5,972) | $87,459 (±$395) | $100,009 |
| Median gross rent | $974 (±$75) | $762 (±$82) | $1,062 (±$5) | $1,413 |
In Liberty Township (Wabash County), median household income is not measurably different from Wabash County ($66,806).
It is not measurably different from Indiana ($71,957).
It is lower than the national figure ($80,734).
In Wabash County, Liberty Township (Wabash County) ranks 6 of 12 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 953 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 Liberty Township (Wabash 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 $974 a month ($11,688 a year) needs an income of about $39,000 a year.
The median renting household in Liberty Township (Wabash County) earns $56,278 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 | $61,333 (±$10,612) | $65,046 (±$8,369) | +6.1% | No measurable change after inflation |
| Median gross rent | $675 (±$37) | $974 (±$75) | +44.3% | Up after inflation |
| Median home value | $99,500 (±$15,335) | $136,300 (±$26,150) | +37.0% | 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 Liberty Township (Wabash County)
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Liberty Township (Wabash County) | — | $65,046 (±$8,369) | — |
| La Fontaine | 2.1 mi | $49,464 (±$21,006) | Not measurably different |
| Wayne Township (Huntington County) | 6.3 mi | $93,906 (±$64,770) | Not measurably different |
| Pleasant Township (Grant County) | 6.7 mi | $59,194 (±$14,575) | Not measurably different |
| Polk Township (Huntington County) | 7.5 mi | $92,656 (±$16,184) | Higher |
| Waltz Township | 7.6 mi | $85,268 (±$42,514) | Not measurably different |
| Washington Township (Grant County) | 8.1 mi | $51,014 (±$10,416) | Lower |
| Mount Etna | 8.2 mi | $58,125 (±$41,938) | Not measurably different |
| Richland Township (Grant County) | 8.9 mi | $95,635 (±$26,790) | Higher |
Nearby places with a measurably lower figure: Washington Township (Grant County), IN ($51,014).
Nearby places with a measurably higher figure: Polk Township (Huntington County), IN ($92,656), Richland Township (Grant County), IN ($95,635).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Wabash County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 1 | Waltz Township | $85,268 (±$42,514) |
| 2 | Lagro Township | $82,394 (±$7,116) |
| 3 | Pleasant Township (Wabash County) | $73,011 (±$21,509) |
| 4 | Paw Paw Township | $68,309 (±$14,909) |
| 5 | Chester Township (Wabash County) | $66,728 (±$8,965) |
| 6 | Liberty Township (Wabash County) | $65,046 (±$8,369) |
| 7 | Noble Township (Wabash County) | $64,539 (±$8,065) |
| 8 | North Manchester | $61,296 (±$7,734) |
| 9 | Lagro | $58,958 (±$7,207) |
| 10 | Roann | $58,542 (±$12,542) |
| 11 | Wabash | $53,410 (±$6,160) |
| 12 | La Fontaine | $49,464 (±$21,006) |
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 Liberty Township (Wabash County)
What is the median household income in Liberty Township (Wabash County)?
The median household income in Liberty Township (Wabash County) is $65,046 (±$8,369) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Liberty Township (Wabash County)?
About $39,000 a year, if rent is to stay at or below 30% of income at the median gross rent of $974 a month.
Have incomes in Liberty Township (Wabash County) kept up with inflation?
In Liberty Township (Wabash County), the median household income went from $61,333 in 2015–2019 to $65,046 in 2020–2024 (+6.1%).
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 Liberty Township (Wabash County)?
The median renting household in Liberty Township (Wabash County), IN earns $56,278 (±$3,122) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Liberty township, Wabash County, Indiana
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Liberty township, Wabash County, Indiana
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Liberty township, Wabash County, Indiana
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Liberty township, Wabash County, Indiana
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Liberty township, Wabash County, Indiana
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Liberty township, Wabash 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 Liberty township, Wabash County, Indiana (county subdivision:43470, in state:18 county:169).
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 Liberty Township (Wabash County) at a glance
- Median rent in Liberty Township (Wabash County)
- Home values in Liberty Township (Wabash County)
- Homeowner costs in Liberty Township (Wabash County)
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- Types of homes in Liberty Township (Wabash County)
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- Age of homes in Liberty Township (Wabash County)
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- Population growth in Liberty Township (Wabash County)
- How long people stay in Liberty Township (Wabash County)
- Indiana landlord and tenant rules
- Housing across Wabash County
- Indiana places ranked by median household income
- Housing data for every place in Indiana