What is the median household income in Taylor Township (Howard County), IN?
The median household income in Taylor Township (Howard County), IN is $71,971 (±$12,985) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,018 a month would take about $40,700 a year at the common guideline of spending no more than 30% of income on rent.
In Taylor Township (Howard County), the median household income went from $58,995 in 2015–2019 to $71,971 in 2020–2024 (+22.0%).
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
- $71,971 (±$12,985)
- Median renter income
- $49,737 (±$28,941)
- Income to afford median rent
- about $40,700
Income in Taylor Township (Howard County) against Howard County, its state and the nation
| Taylor Township (Howard County) | Howard County | Indiana | United States | |
|---|---|---|---|---|
| Median household income | $71,971 (±$12,985) | $64,027 (±$2,106) | $71,957 (±$352) | $80,734 |
| Median renter household income | $49,737 (±$28,941) | $36,732 (±$3,846) | $42,811 (±$480) | $52,966 |
| Median owner household income | $77,121 (±$19,270) | $78,766 (±$3,587) | $87,459 (±$395) | $100,009 |
| Median gross rent | $1,018 (±$156) | $937 (±$19) | $1,062 (±$5) | $1,413 |
In Taylor Township (Howard County), median household income is not measurably different from Howard County ($64,027).
It is not measurably different from Indiana ($71,957).
It is not measurably different from the national figure ($80,734).
In Howard County, Taylor Township (Howard County) ranks 10 of 14 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 747 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 Taylor Township (Howard 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 $1,018 a month ($12,216 a year) needs an income of about $40,700 a year.
The median renting household in Taylor Township (Howard County) earns $49,737 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 | $58,995 (±$2,658) | $71,971 (±$12,985) | +22.0% | No measurable change after inflation |
| Median gross rent | $870 (±$50) | $1,018 (±$156) | +17.0% | No measurable change after inflation |
| Median home value | $120,100 (±$8,169) | $169,400 (±$19,593) | +41.0% | 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 Taylor Township (Howard County)
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Taylor Township (Howard County) | — | $71,971 (±$12,985) | — |
| Sharpsville | 4.2 mi | $92,500 (±$34,704) | Not measurably different |
| Kokomo | 4.4 mi | $55,360 (±$2,848) | Lower |
| Liberty Township (Tipton County) | 4.6 mi | $93,813 (±$19,080) | Not measurably different |
| Center Township (Howard County) | 5.5 mi | $51,025 (±$2,894) | Lower |
| Greentown | 5.5 mi | $60,521 (±$9,399) | Not measurably different |
| Liberty Township (Howard County) | 5.8 mi | $84,632 (±$17,890) | Not measurably different |
| Howard Township (Howard County) | 6.3 mi | $81,595 (±$8,908) | Not measurably different |
| Windfall City | 7.1 mi | $58,550 (±$6,534) | Not measurably different |
Nearby places with a measurably lower figure: Kokomo, IN ($55,360), Center Township (Howard County), IN ($51,025).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Howard County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 4 | Harrison Township (Howard County) | $85,478 (±$7,745) |
| 5 | Honey Creek Township (Howard County) | $84,728 (±$12,181) |
| 6 | Liberty Township (Howard County) | $84,632 (±$17,890) |
| 7 | Russiaville | $84,457 (±$11,147) |
| 8 | Howard Township (Howard County) | $81,595 (±$8,908) |
| 9 | Jackson Township (Howard County) | $75,581 (±$17,790) |
| 10 | Taylor Township (Howard County) | $71,971 (±$12,985) |
| 11 | Union Township (Howard County) | $71,694 (±$28,170) |
| 12 | Greentown | $60,521 (±$9,399) |
| 13 | Kokomo | $55,360 (±$2,848) |
| 14 | Center Township (Howard County) | $51,025 (±$2,894) |
Showing 11 of 14 places in Howard 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 Taylor Township (Howard County)
What is the median household income in Taylor Township (Howard County)?
The median household income in Taylor Township (Howard County) is $71,971 (±$12,985) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Taylor Township (Howard County)?
About $40,700 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,018 a month.
Have incomes in Taylor Township (Howard County) kept up with inflation?
In Taylor Township (Howard County), the median household income went from $58,995 in 2015–2019 to $71,971 in 2020–2024 (+22.0%).
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 Taylor Township (Howard County)?
The median renting household in Taylor Township (Howard County), IN earns $49,737 (±$28,941) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Taylor township, Howard County, Indiana
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Taylor township, Howard County, Indiana
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Taylor township, Howard County, Indiana
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Taylor township, Howard County, Indiana
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Taylor township, Howard County, Indiana
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Taylor township, Howard 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 Taylor township, Howard County, Indiana (county subdivision:75032, in state:18 county:067).
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 Taylor Township (Howard County)
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- Rent burden in Taylor Township (Howard County)
- Renters and owners in Taylor Township (Howard County)
- Home values in Taylor Township (Howard County)
- Homeowner costs in Taylor Township (Howard County)
- Property taxes in Taylor Township (Howard County)
- Types of homes in Taylor Township (Howard County)
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- Age of homes in Taylor Township (Howard County)
- Vacancy rate in Taylor Township (Howard County)
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- Population growth in Taylor Township (Howard County)
- How long people stay in Taylor Township (Howard County)
- Crowding and facilities in Taylor Township (Howard County)
- Indiana landlord and tenant rules
- Housing across Howard County
- Indiana places ranked by median household income
- Housing data for every place in Indiana