What is the median household income in Spencer Township (Harrison County), IN?
The median household income in Spencer Township (Harrison County), IN is $95,793 (±$38,161) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,292 a month would take about $51,700 a year at the common guideline of spending no more than 30% of income on rent.
In Spencer Township (Harrison County), the median household income went from $41,314 in 2015–2019 to $95,793 in 2020–2024 (+131.9%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
Figures last updated on .
- Median household income
- $95,793 (±$38,161)
- Income to afford median rent
- about $51,700
Income in Spencer Township (Harrison County) against Harrison County, its state and the nation
| Spencer Township (Harrison County) | Harrison County | Indiana | United States | |
|---|---|---|---|---|
| Median household income | $95,793 (±$38,161) | $74,475 (±$6,526) | $71,957 (±$352) | $80,734 |
| Median renter household income | — | $39,942 (±$5,066) | $42,811 (±$480) | $52,966 |
| Median owner household income | $97,256 (±$29,277) | $84,915 (±$4,818) | $87,459 (±$395) | $100,009 |
| Median gross rent | $1,292 (±$595) | $836 (±$60) | $1,062 (±$5) | $1,413 |
In Spencer Township (Harrison County), median household income is not measurably different from Harrison County ($74,475).
It is not measurably different from Indiana ($71,957).
It is not measurably different from the national figure ($80,734).
In Harrison County, Spencer Township (Harrison County) ranks 2 of 21 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 228 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 Spencer Township (Harrison 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 $1,292 a month ($15,504 a year) needs an income of about $51,700 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 | $41,314 (±$5,071) | $95,793 (±$38,161) | +131.9% | Up after inflation |
| Median home value | $99,400 (±$43,365) | $231,800 (±$58,271) | +133.2% | 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 Spencer Township (Harrison County)
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Spencer Township (Harrison County) | — | $95,793 (±$38,161) | — |
| Milltown | 4.7 mi | $61,216 (±$3,749) | Not measurably different |
| Whiskey Run Township | 5.4 mi | $58,531 (±$11,599) | Not measurably different |
| Blue River Township (Harrison County) | 5.6 mi | $64,250 (±$22,509) | Not measurably different |
| Harrison Township (Harrison County) | 7.2 mi | $66,722 (±$7,437) | Not measurably different |
| Jackson Township (Harrison County) | 7.2 mi | $85,645 (±$9,573) | Not measurably different |
| Corydon | 7.4 mi | $56,513 (±$17,297) | Not measurably different |
| Jennings Township (Crawford County) | 7.7 mi | $48,750 (±$12,752) | Lower |
| Crandall | 8.5 mi | $55,313 (±$22,001) | Not measurably different |
Nearby places with a measurably lower figure: Jennings Township (Crawford County), IN ($48,750).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Harrison County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 1 | New Amsterdam | $111,087 (±$489) |
| 2 | Spencer Township (Harrison County) | $95,793 (±$38,161) |
| 3 | Franklin Township (Harrison County) | $95,686 (±$9,216) |
| 4 | Elizabeth | $95,417 (±$21,357) |
| 5 | Webster Township (Harrison County) | $93,482 (±$18,059) |
| 6 | Heth Township | $85,893 (±$17,187) |
| 7 | Jackson Township (Harrison County) | $85,645 (±$9,573) |
| 8 | Posey Township (Harrison County) | $84,348 (±$30,583) |
Showing 8 of 21 places in Harrison 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 Spencer Township (Harrison County)
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Questions about Spencer Township (Harrison County)
What is the median household income in Spencer Township (Harrison County)?
The median household income in Spencer Township (Harrison County) is $95,793 (±$38,161) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Spencer Township (Harrison County)?
About $51,700 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,292 a month.
Have incomes in Spencer Township (Harrison County) kept up with inflation?
In Spencer Township (Harrison County), the median household income went from $41,314 in 2015–2019 to $95,793 in 2020–2024 (+131.9%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Spencer township, Harrison County, Indiana
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Spencer township, Harrison County, Indiana
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Spencer township, Harrison County, Indiana
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Spencer township, Harrison County, Indiana
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Spencer township, Harrison County, Indiana
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Spencer township, Harrison 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 Spencer township, Harrison County, Indiana (county subdivision:71936, in state:18 county:061).
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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- Population growth in Spencer Township (Harrison County)
- Fair Market Rent in Spencer Township (Harrison County)
- Indiana landlord and tenant rules
- Housing across Harrison County
- Indiana places ranked by median household income
- Housing data for every place in Indiana