What is the median household income in Polk Township (Marshall County), IN?
The median household income in Polk Township (Marshall County), IN is $75,827 (±$16,955) a year (2020–2024 American Community Survey).
Paying the median gross rent of $909 a month would take about $36,400 a year at the common guideline of spending no more than 30% of income on rent.
In Polk Township (Marshall County), the median household income went from $59,455 in 2015–2019 to $75,827 in 2020–2024 (+27.5%).
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
- $75,827 (±$16,955)
- Income to afford median rent
- about $36,400
Income in Polk Township (Marshall County) against Marshall County, its state and the nation
| Polk Township (Marshall County) | Marshall County | Indiana | United States | |
|---|---|---|---|---|
| Median household income | $75,827 (±$16,955) | $71,808 (±$3,823) | $71,957 (±$352) | $80,734 |
| Median renter household income | — | $45,820 (±$4,742) | $42,811 (±$480) | $52,966 |
| Median owner household income | $77,457 (±$37,584) | $82,494 (±$4,726) | $87,459 (±$395) | $100,009 |
| Median gross rent | $909 (±$231) | $938 (±$32) | $1,062 (±$5) | $1,413 |
In Polk Township (Marshall County), median household income is not measurably different from Marshall County ($71,808).
It is not measurably different from Indiana ($71,957).
It is not measurably different from the national figure ($80,734).
In Marshall County, Polk Township (Marshall County) ranks 5 of 16 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 616 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 Polk Township (Marshall 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 $909 a month ($10,908 a year) needs an income of about $36,400 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 | $59,455 (±$4,874) | $75,827 (±$16,955) | +27.5% | No measurable change after inflation |
| Median gross rent | $720 (±$295) | $909 (±$231) | +26.3% | No measurable change after inflation |
| Median home value | $139,200 (±$20,521) | $231,300 (±$24,419) | +66.2% | 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 Polk Township (Marshall County)
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Polk Township (Marshall County) | — | $75,827 (±$16,955) | — |
| Koontz Lake | 3.7 mi | $80,538 (±$10,983) | Not measurably different |
| Walkerton | 4.5 mi | $65,340 (±$5,911) | Not measurably different |
| Lincoln Township (St. Joseph County) | 5.4 mi | $66,622 (±$5,674) | Not measurably different |
| La Paz | 5.6 mi | $77,972 (±$14,744) | Not measurably different |
| North Township (Marshall County) | 6.2 mi | $73,125 (±$15,067) | Not measurably different |
| Oregon Township (Starke County) | 6.4 mi | $71,094 (±$13,310) | Not measurably different |
| Liberty Township (St. Joseph County) | 6.6 mi | $76,418 (±$6,114) | Not measurably different |
| West Township | 7.0 mi | $88,935 (±$10,565) | Not measurably different |
None of the nearby places differs measurably from this one on this figure.
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Marshall County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 1 | Green Township (Marshall County) | $96,875 (±$11,840) |
| 2 | West Township | $88,935 (±$10,565) |
| 3 | German Township (Marshall County) | $79,175 (±$10,988) |
| 4 | La Paz | $77,972 (±$14,744) |
| 5 | Polk Township (Marshall County) | $75,827 (±$16,955) |
| 6 | Bourbon Township | $75,804 (±$18,549) |
| 7 | Bourbon | $73,510 (±$15,148) |
| 8 | North Township (Marshall County) | $73,125 (±$15,067) |
| 9 | Bremen | $68,429 (±$31,054) |
| 10 | Center Township (Marshall County) | $67,867 (±$6,716) |
| 11 | Walnut Township (Marshall County) | $62,607 (±$7,122) |
Showing 11 of 16 places in Marshall 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 Polk Township (Marshall County)
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Questions about Polk Township (Marshall County)
What is the median household income in Polk Township (Marshall County)?
The median household income in Polk Township (Marshall County) is $75,827 (±$16,955) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Polk Township (Marshall County)?
About $36,400 a year, if rent is to stay at or below 30% of income at the median gross rent of $909 a month.
Have incomes in Polk Township (Marshall County) kept up with inflation?
In Polk Township (Marshall County), the median household income went from $59,455 in 2015–2019 to $75,827 in 2020–2024 (+27.5%).
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 — Polk township, Marshall County, Indiana
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Polk township, Marshall County, Indiana
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Polk township, Marshall County, Indiana
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Polk township, Marshall County, Indiana
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Polk township, Marshall County, Indiana
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Polk township, Marshall 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 Polk township, Marshall County, Indiana (county subdivision:60966, in state:18 county:099).
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 Polk Township (Marshall County) at a glance
- Median rent in Polk Township (Marshall County)
- Home values in Polk Township (Marshall County)
- Homeowner costs in Polk Township (Marshall County)
- Property taxes in Polk Township (Marshall County)
- Types of homes in Polk Township (Marshall County)
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- Population growth in Polk Township (Marshall County)
- Indiana landlord and tenant rules
- Housing across Marshall County
- Indiana places ranked by median household income
- Housing data for every place in Indiana