What is the median household income in Sheffield Township, IN?
The median household income in Sheffield Township, IN is $81,346 (±$21,426) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,659 a month would take about $66,400 a year at the common guideline of spending no more than 30% of income on rent.
In Sheffield Township, the median household income went from $85,313 in 2015–2019 to $81,346 in 2020–2024 (−4.6%).
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
- $81,346 (±$21,426)
- Median renter income
- $36,221 (±$355)
- Income to afford median rent
- about $66,400
Income in Sheffield Township against Tippecanoe County, its state and the nation
| Sheffield Township | Tippecanoe County | Indiana | United States | |
|---|---|---|---|---|
| Median household income | $81,346 (±$21,426) | $60,636 (±$1,807) | $71,957 (±$352) | $80,734 |
| Median renter household income | $36,221 (±$355) | $36,674 (±$1,510) | $42,811 (±$480) | $52,966 |
| Median owner household income | $104,306 (±$10,532) | $90,073 (±$3,014) | $87,459 (±$395) | $100,009 |
| Median gross rent | $1,659 (±$339) | $1,124 (±$18) | $1,062 (±$5) | $1,413 |
In Sheffield Township, median household income is not measurably different from Tippecanoe County ($60,636).
It is not measurably different from Indiana ($71,957).
It is not measurably different from the national figure ($80,734).
In Tippecanoe County, Sheffield Township ranks 9 of 18 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 490 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 Sheffield 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 $1,659 a month ($19,908 a year) needs an income of about $66,400 a year.
The median renting household in Sheffield Township earns $36,221 a year, less than that.
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 | $85,313 (±$9,536) | $81,346 (±$21,426) | −4.6% | No measurable change after inflation |
| Median gross rent | $872 (±$119) | $1,659 (±$339) | +90.3% | Up after inflation |
| Median home value | $177,800 (±$27,299) | $255,700 (±$26,403) | +43.8% | 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 Sheffield Township
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Sheffield Township | — | $81,346 (±$21,426) | — |
| Dayton | 1.5 mi | $78,289 (±$8,348) | Not measurably different |
| Mulberry | 4.7 mi | $58,950 (±$10,879) | Not measurably different |
| Perry Township (Tippecanoe County) | 4.9 mi | $86,778 (±$8,531) | Not measurably different |
| Madison Township (Clinton County) | 5.4 mi | $68,826 (±$10,852) | Not measurably different |
| Wea Township | 5.9 mi | $69,142 (±$5,770) | Not measurably different |
| Lafayette | 6.4 mi | $53,716 (±$2,765) | Lower |
| Fairfield Township (Tippecanoe County) | 7.1 mi | $54,354 (±$2,707) | Lower |
| Ross Township (Clinton County) | 7.6 mi | $85,857 (±$12,000) | Not measurably different |
Nearby places with a measurably lower figure: Lafayette, IN ($53,716), Fairfield Township (Tippecanoe County), IN ($54,354).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Tippecanoe County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 3 | Battle Ground | $110,568 (±$23,986) |
| 4 | Tippecanoe Township (Tippecanoe County) | $109,652 (±$13,116) |
| 5 | Shelby Township (Tippecanoe County) | $94,688 (±$43,308) |
| 6 | Perry Township (Tippecanoe County) | $86,778 (±$8,531) |
| 7 (tie) | Shadeland | $82,708 (±$22,840) |
| 7 (tie) | Union Township (Tippecanoe County) | $82,708 (±$22,840) |
| 9 | Sheffield Township | $81,346 (±$21,426) |
| 10 | Dayton | $78,289 (±$8,348) |
| 11 | Lauramie Township | $74,805 (±$14,149) |
| 12 | Washington Township (Tippecanoe County) | $70,536 (±$11,041) |
| 13 | Wea Township | $69,142 (±$5,770) |
| 14 | Fairfield Township (Tippecanoe County) | $54,354 (±$2,707) |
| 15 | Lafayette | $53,716 (±$2,765) |
Showing 13 of 18 places in Tippecanoe 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 Sheffield Township
One account for renting, owning, managing and fixing homes, with these figures beside you.
Own or manage a rental?
List it, sign the lease and collect rent online, with the figures for Sheffield Township beside you.
Create a landlord account · See what landlords get
Looking for a place to rent?
Browse homes for rent near Sheffield Township, save the ones you like and apply online.
Browse rentals · Create a renter account
Do repairs, renovations or maintenance?
Get found by owners and renters near Sheffield Township, and send estimates and invoices from your phone.
Questions about Sheffield Township
What is the median household income in Sheffield Township?
The median household income in Sheffield Township is $81,346 (±$21,426) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Sheffield Township?
About $66,400 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,659 a month.
Have incomes in Sheffield Township kept up with inflation?
In Sheffield Township, the median household income went from $85,313 in 2015–2019 to $81,346 in 2020–2024 (−4.6%).
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 Sheffield Township?
The median renting household in Sheffield Township, IN earns $36,221 (±$355) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Sheffield township, Tippecanoe County, Indiana
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Sheffield township, Tippecanoe County, Indiana
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Sheffield township, Tippecanoe County, Indiana
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Sheffield township, Tippecanoe County, Indiana
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Sheffield township, Tippecanoe County, Indiana
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Sheffield township, Tippecanoe 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 Sheffield township, Tippecanoe County, Indiana (county subdivision:69174, in state:18 county:157).
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 Sheffield Township at a glance
- Median rent in Sheffield Township
- Rent burden in Sheffield Township
- Home values in Sheffield Township
- Homeowner costs in Sheffield Township
- Property taxes in Sheffield Township
- Types of homes in Sheffield Township
- Bedrooms in Sheffield Township
- Age of homes in Sheffield Township
- Heating fuel in Sheffield Township
- Commute and cars in Sheffield Township
- Population growth in Sheffield Township
- How long people stay in Sheffield Township
- Crowding and facilities in Sheffield Township
- Indiana landlord and tenant rules
- Housing across Tippecanoe County
- Indiana places ranked by median household income
- Housing data for every place in Indiana