What is the median household income in Monroe Township (Grant County), IN?
The median household income in Monroe Township (Grant County), IN is $70,175 (±$6,704) a year (2020–2024 American Community Survey).
Paying the median gross rent of $861 a month would take about $34,400 a year at the common guideline of spending no more than 30% of income on rent.
In Monroe Township (Grant County), the median household income went from $63,021 in 2015–2019 to $70,175 in 2020–2024 (+11.4%).
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
- $70,175 (±$6,704)
- Income to afford median rent
- about $34,400
Income in Monroe Township (Grant County) against Grant County, its state and the nation
| Monroe Township (Grant County) | Grant County | Indiana | United States | |
|---|---|---|---|---|
| Median household income | $70,175 (±$6,704) | $53,522 (±$3,012) | $71,957 (±$352) | $80,734 |
| Median renter household income | — | $38,026 (±$4,046) | $42,811 (±$480) | $52,966 |
| Median owner household income | $70,110 (±$6,110) | $61,117 (±$3,051) | $87,459 (±$395) | $100,009 |
| Median gross rent | $861 (±$335) | $853 (±$44) | $1,062 (±$5) | $1,413 |
In Monroe Township (Grant County), median household income is higher than in Grant County ($53,522).
It is not measurably different from Indiana ($71,957).
It is lower than the national figure ($80,734).
In Grant County, Monroe Township (Grant County) ranks 8 of 23 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 807 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 Monroe Township (Grant 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 $861 a month ($10,332 a year) needs an income of about $34,400 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 | $63,021 (±$7,931) | $70,175 (±$6,704) | +11.4% | No measurable change after inflation |
| Median home value | $134,900 (±$39,615) | $225,100 (±$21,002) | +66.9% | 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 Monroe Township (Grant County)
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Monroe Township (Grant County) | — | $70,175 (±$6,704) | — |
| Upland | 3.9 mi | $83,839 (±$18,865) | Not measurably different |
| Gas City | 4.3 mi | $55,982 (±$9,584) | Lower |
| Center Township (Grant County) | 5.1 mi | $42,698 (±$3,679) | Lower |
| Mill Township | 5.5 mi | $56,280 (±$4,021) | Lower |
| Jefferson Township (Grant County) | 6.2 mi | $70,694 (±$16,876) | Not measurably different |
| Jonesboro | 6.3 mi | $45,833 (±$7,933) | Lower |
| Van Buren Township (Grant County) | 6.4 mi | $54,960 (±$22,746) | Not measurably different |
| Van Buren | 6.9 mi | $47,692 (±$10,669) | Lower |
Nearby places with a measurably lower figure: Gas City, IN ($55,982), Center Township (Grant County), IN ($42,698), Mill Township, IN ($56,280).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Grant County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 2 | Liberty Township (Grant County) | $91,483 (±$16,247) |
| 3 | Upland | $83,839 (±$18,865) |
| 4 | Green Township (Grant County) | $81,458 (±$30,653) |
| 5 | Sweetser | $80,625 (±$9,981) |
| 6 | Sims Township | $74,717 (±$10,420) |
| 7 | Jefferson Township (Grant County) | $70,694 (±$16,876) |
| 8 | Monroe Township (Grant County) | $70,175 (±$6,704) |
| 9 | Fairmount Township | $66,078 (±$13,680) |
| 10 | Swayzee | $65,391 (±$10,479) |
| 11 | Pleasant Township (Grant County) | $59,194 (±$14,575) |
| 12 | Mill Township | $56,280 (±$4,021) |
| 13 | Gas City | $55,982 (±$9,584) |
| 14 | Van Buren Township (Grant County) | $54,960 (±$22,746) |
Showing 13 of 23 places in Grant 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.
What you can do on Seayora in Monroe Township (Grant County)
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Questions about Monroe Township (Grant County)
What is the median household income in Monroe Township (Grant County)?
The median household income in Monroe Township (Grant County) is $70,175 (±$6,704) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Monroe Township (Grant County)?
About $34,400 a year, if rent is to stay at or below 30% of income at the median gross rent of $861 a month.
Have incomes in Monroe Township (Grant County) kept up with inflation?
In Monroe Township (Grant County), the median household income went from $63,021 in 2015–2019 to $70,175 in 2020–2024 (+11.4%).
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 — Monroe township, Grant County, Indiana
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Monroe township, Grant County, Indiana
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Monroe township, Grant County, Indiana
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Monroe township, Grant County, Indiana
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Monroe township, Grant County, Indiana
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Monroe township, Grant 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 Monroe township, Grant County, Indiana (county subdivision:50310, in state:18 county:053).
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 Monroe Township (Grant County) at a glance
- Home values in Monroe Township (Grant County)
- Homeowner costs in Monroe Township (Grant County)
- Property taxes in Monroe Township (Grant County)
- Types of homes in Monroe Township (Grant County)
- Age of homes in Monroe Township (Grant County)
- Heating fuel in Monroe Township (Grant County)
- Commute and cars in Monroe Township (Grant County)
- Population growth in Monroe Township (Grant County)
- Indiana landlord and tenant rules
- Housing across Grant County
- Indiana places ranked by median household income
- Housing data for every place in Indiana