What is the median household income in Vernon Township (Hancock County), IN?
The median household income in Vernon Township (Hancock County), IN is $108,370 (±$3,026) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,242 a month would take about $49,700 a year at the common guideline of spending no more than 30% of income on rent.
In Vernon Township (Hancock County), the median household income went from $84,474 in 2015–2019 to $108,370 in 2020–2024 (+28.3%).
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
- $108,370 (±$3,026)
- Median renter income
- $72,973 (±$9,954)
- Income to afford median rent
- about $49,700
Income in Vernon Township (Hancock County) against Hancock County, its state and the nation
| Vernon Township (Hancock County) | Hancock County | Indiana | United States | |
|---|---|---|---|---|
| Median household income | $108,370 (±$3,026) | $93,186 (±$2,739) | $71,957 (±$352) | $80,734 |
| Median renter household income | $72,973 (±$9,954) | $59,430 (±$10,442) | $42,811 (±$480) | $52,966 |
| Median owner household income | $114,183 (±$9,960) | $108,966 (±$3,934) | $87,459 (±$395) | $100,009 |
| Median gross rent | $1,242 (±$294) | $1,203 (±$67) | $1,062 (±$5) | $1,413 |
In Vernon Township (Hancock County), median household income is higher than in Hancock County ($93,186).
It is also higher than in Indiana ($71,957).
It is higher than the national figure ($80,734).
In Hancock County, Vernon Township (Hancock County) ranks 4 of 16 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 115 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 Vernon Township (Hancock 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 $1,242 a month ($14,904 a year) needs an income of about $49,700 a year.
The median renting household in Vernon Township (Hancock County) earns $72,973 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 | $84,474 (±$10,366) | $108,370 (±$3,026) | +28.3% | No measurable change after inflation |
| Median gross rent | $996 (±$119) | $1,242 (±$294) | +24.7% | No measurable change after inflation |
| Median home value | $179,900 (±$24,575) | $320,200 (±$16,973) | +78.0% | 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 Vernon Township (Hancock County)
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Vernon Township (Hancock County) | — | $108,370 (±$3,026) | — |
| Fortville | 1.8 mi | $84,000 (±$14,676) | Lower |
| McCordsville | 2.5 mi | $110,692 (±$5,919) | Not measurably different |
| Fall Creek Township (Hamilton County) | 4.9 mi | $146,226 (±$10,239) | Higher |
| Ingalls | 5.0 mi | $74,236 (±$9,222) | Lower |
| Buck Creek Township | 5.8 mi | $111,224 (±$8,817) | Not measurably different |
| Green Township (Madison County) | 6.1 mi | $96,875 (±$21,032) | Not measurably different |
| Fishers | 6.4 mi | $130,203 (±$7,609) | Higher |
| Green Township (Hancock County) | 6.7 mi | $82,090 (±$14,382) | Lower |
Nearby places with a measurably lower figure: Fortville, IN ($84,000), Ingalls, IN ($74,236), Green Township (Hancock County), IN ($82,090).
Nearby places with a measurably higher figure: Fall Creek Township (Hamilton County), IN ($146,226), Fishers, IN ($130,203).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Hancock County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 1 | Brandywine Township (Hancock County) | $127,171 (±$8,267) |
| 2 | Buck Creek Township | $111,224 (±$8,817) |
| 3 | McCordsville | $110,692 (±$5,919) |
| 4 | Vernon Township (Hancock County) | $108,370 (±$3,026) |
| 5 | Blue River Township (Hancock County) | $104,293 (±$37,932) |
| 6 | Sugar Creek Township (Hancock County) | $100,714 (±$8,802) |
| 7 | New Palestine | $96,923 (±$10,711) |
| 8 | Jackson Township (Hancock County) | $95,000 (±$48,907) |
| 9 | Fortville | $84,000 (±$14,676) |
| 10 | Brown Township (Hancock County) | $82,734 (±$18,422) |
Showing 10 of 16 places in Hancock 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 Vernon Township (Hancock County)
What is the median household income in Vernon Township (Hancock County)?
The median household income in Vernon Township (Hancock County) is $108,370 (±$3,026) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Vernon Township (Hancock County)?
About $49,700 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,242 a month.
Have incomes in Vernon Township (Hancock County) kept up with inflation?
In Vernon Township (Hancock County), the median household income went from $84,474 in 2015–2019 to $108,370 in 2020–2024 (+28.3%).
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 Vernon Township (Hancock County)?
The median renting household in Vernon Township (Hancock County), IN earns $72,973 (±$9,954) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Vernon township, Hancock County, Indiana
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Vernon township, Hancock County, Indiana
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Vernon township, Hancock County, Indiana
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Vernon township, Hancock County, Indiana
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Vernon township, Hancock County, Indiana
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Vernon township, Hancock 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 Vernon township, Hancock County, Indiana (county subdivision:78866, in state:18 county:059).
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 Vernon Township (Hancock County) at a glance
- Median rent in Vernon Township (Hancock County)
- Rent by bedrooms in Vernon Township (Hancock County)
- Renters and owners in Vernon Township (Hancock County)
- Home values in Vernon Township (Hancock County)
- Homeowner costs in Vernon Township (Hancock County)
- Property taxes in Vernon Township (Hancock County)
- Types of homes in Vernon Township (Hancock County)
- Bedrooms in Vernon Township (Hancock County)
- Age of homes in Vernon Township (Hancock County)
- Heating fuel in Vernon Township (Hancock County)
- Commute and cars in Vernon Township (Hancock County)
- Population growth in Vernon Township (Hancock County)
- How long people stay in Vernon Township (Hancock County)
- Crowding and facilities in Vernon Township (Hancock County)
- Fair Market Rent in Vernon Township (Hancock County)
- Indiana landlord and tenant rules
- Housing across Hancock County
- Indiana places ranked by median household income
- Housing data for every place in Indiana