What is the median household income in Osolo Township, IN?
The median household income in Osolo Township, IN is $61,379 (±$3,679) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,083 a month would take about $43,300 a year at the common guideline of spending no more than 30% of income on rent.
In Osolo Township, the median household income went from $52,312 in 2015–2019 to $61,379 in 2020–2024 (+17.3%).
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
- $61,379 (±$3,679)
- Median renter income
- $47,128 (±$10,574)
- Income to afford median rent
- about $43,300
Income in Osolo Township against Elkhart County, its state and the nation
| Osolo Township | Elkhart County | Indiana | United States | |
|---|---|---|---|---|
| Median household income | $61,379 (±$3,679) | $68,561 (±$2,286) | $71,957 (±$352) | $80,734 |
| Median renter household income | $47,128 (±$10,574) | $40,379 (±$2,819) | $42,811 (±$480) | $52,966 |
| Median owner household income | $77,682 (±$9,013) | $83,252 (±$2,422) | $87,459 (±$395) | $100,009 |
| Median gross rent | $1,083 (±$83) | $1,047 (±$29) | $1,062 (±$5) | $1,413 |
In Osolo Township, median household income is lower than in Elkhart County ($68,561).
It is also lower than in Indiana ($71,957).
It is lower than the national figure ($80,734).
In Elkhart County, Osolo Township ranks 23 of 26 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 1069 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 Osolo 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 $1,083 a month ($12,996 a year) needs an income of about $43,300 a year.
The median renting household in Osolo Township earns $47,128 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 | $52,312 (±$5,000) | $61,379 (±$3,679) | +17.3% | No measurable change after inflation |
| Median gross rent | $863 (±$20) | $1,083 (±$83) | +25.5% | No measurable change after inflation |
| Median home value | $138,900 (±$4,968) | $207,200 (±$13,702) | +49.2% | 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 Osolo Township
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Osolo Township | — | $61,379 (±$3,679) | — |
| Simonton Lake | 2.3 mi | $75,673 (±$18,984) | Not measurably different |
| Elkhart | 2.5 mi | $51,028 (±$1,967) | Lower |
| Cleveland Township (Elkhart County) | 4.1 mi | $84,375 (±$17,219) | Higher |
| Mason Township (Cass County) | 4.2 mi | $59,922 (±$5,754) | Not measurably different |
| Concord Township (Elkhart County) | 5.1 mi | $55,206 (±$3,685) | Lower |
| Washington Township (Elkhart County) | 6.0 mi | $71,000 (±$11,854) | Not measurably different |
| Bristol | 6.4 mi | $77,188 (±$17,661) | Not measurably different |
| Dunlap | 6.4 mi | $87,039 (±$11,259) | Higher |
Nearby places with a measurably lower figure: Elkhart, IN ($51,028), Concord Township (Elkhart County), IN ($55,206).
Nearby places with a measurably higher figure: Cleveland Township (Elkhart County), IN ($84,375), Dunlap, IN ($87,039).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Elkhart County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 17 | Wakarusa | $74,464 (±$12,260) |
| 18 | Union Township (Elkhart County) | $72,422 (±$18,186) |
| 19 | Washington Township (Elkhart County) | $71,000 (±$11,854) |
| 20 | Nappanee | $68,892 (±$11,551) |
| 21 | Millersburg | $65,833 (±$17,806) |
| 22 | Elkhart Township (Elkhart County) | $63,925 (±$3,672) |
| 23 | Osolo Township | $61,379 (±$3,679) |
| 24 | Goshen | $59,184 (±$5,197) |
| 25 | Concord Township (Elkhart County) | $55,206 (±$3,685) |
| 26 | Elkhart | $51,028 (±$1,967) |
Showing 10 of 26 places in Elkhart 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 Osolo Township
What is the median household income in Osolo Township?
The median household income in Osolo Township is $61,379 (±$3,679) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Osolo Township?
About $43,300 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,083 a month.
Have incomes in Osolo Township kept up with inflation?
In Osolo Township, the median household income went from $52,312 in 2015–2019 to $61,379 in 2020–2024 (+17.3%).
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 Osolo Township?
The median renting household in Osolo Township, IN earns $47,128 (±$10,574) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Osolo township, Elkhart County, Indiana
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Osolo township, Elkhart County, Indiana
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Osolo township, Elkhart County, Indiana
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Osolo township, Elkhart County, Indiana
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Osolo township, Elkhart County, Indiana
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Osolo township, Elkhart 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 Osolo township, Elkhart County, Indiana (county subdivision:57150, in state:18 county:039).
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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- Median rent in Osolo Township
- Rent by bedrooms in Osolo Township
- Rent burden in Osolo Township
- Renters and owners in Osolo Township
- Home values in Osolo Township
- Homeowner costs in Osolo Township
- Property taxes in Osolo Township
- Types of homes in Osolo Township
- Bedrooms in Osolo Township
- Age of homes in Osolo Township
- Vacancy rate in Osolo Township
- Heating fuel in Osolo Township
- Commute and cars in Osolo Township
- Population growth in Osolo Township
- How long people stay in Osolo Township
- Crowding and facilities in Osolo Township
- Indiana landlord and tenant rules
- Housing across Elkhart County
- Indiana places ranked by median household income
- Housing data for every place in Indiana