What is the median household income in Walnut Township (Montgomery County), IN?
The median household income in Walnut Township (Montgomery County), IN is $78,750 (±$37,487) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,023 a month would take about $40,900 a year at the common guideline of spending no more than 30% of income on rent.
In Walnut Township (Montgomery County), the median household income went from $69,961 in 2015–2019 to $78,750 in 2020–2024 (+12.6%).
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
- $78,750 (±$37,487)
- Median renter income
- $44,375 (±$10,391)
- Income to afford median rent
- about $40,900
Income in Walnut Township (Montgomery County) against Montgomery County, its state and the nation
| Walnut Township (Montgomery County) | Montgomery County | Indiana | United States | |
|---|---|---|---|---|
| Median household income | $78,750 (±$37,487) | $71,479 (±$5,393) | $71,957 (±$352) | $80,734 |
| Median renter household income | $44,375 (±$10,391) | $33,648 (±$3,738) | $42,811 (±$480) | $52,966 |
| Median owner household income | $94,265 (±$9,861) | $84,140 (±$4,950) | $87,459 (±$395) | $100,009 |
| Median gross rent | $1,023 (±$150) | $858 (±$46) | $1,062 (±$5) | $1,413 |
In Walnut Township (Montgomery County), median household income is not measurably different from Montgomery County ($71,479).
It is not measurably different from Indiana ($71,957).
It is not measurably different from the national figure ($80,734).
In Montgomery County, Walnut Township (Montgomery County) ranks 7 of 21 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 536 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 Walnut Township (Montgomery 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 $1,023 a month ($12,276 a year) needs an income of about $40,900 a year.
The median renting household in Walnut Township (Montgomery County) earns $44,375 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 | $69,961 (±$6,039) | $78,750 (±$37,487) | +12.6% | No measurable change after inflation |
| Median gross rent | $900 (±$241) | $1,023 (±$150) | +13.7% | No measurable change after inflation |
| Median home value | $129,200 (±$12,725) | $188,800 (±$13,425) | +46.1% | 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 Walnut Township (Montgomery County)
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Walnut Township (Montgomery County) | — | $78,750 (±$37,487) | — |
| New Ross | 3.0 mi | $64,167 (±$35,750) | Not measurably different |
| Ladoga | 6.0 mi | $61,667 (±$19,596) | Not measurably different |
| Clark Township (Montgomery County) | 6.0 mi | $77,361 (±$12,771) | Not measurably different |
| Franklin Township (Montgomery County) | 6.3 mi | $85,022 (±$25,246) | Not measurably different |
| Jackson Township (Boone County) | 7.0 mi | $75,729 (±$21,863) | Not measurably different |
| Advance | 7.0 mi | $64,500 (±$25,809) | Not measurably different |
| Darlington | 7.8 mi | $57,656 (±$13,247) | Not measurably different |
| Jefferson Township (Boone County) | 7.9 mi | $121,533 (±$8,752) | Higher |
Nearby places with a measurably higher figure: Jefferson Township (Boone County), IN ($121,533).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Montgomery County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 1 | Sugar Creek Township (Montgomery County) | $110,417 (±$52,805) |
| 2 | Scott Township (Montgomery County) | $105,637 (±$37,484) |
| 3 | Brown Township (Montgomery County) | $102,083 (±$34,010) |
| 4 | Coal Creek Township | $85,125 (±$12,098) |
| 5 | Franklin Township (Montgomery County) | $85,022 (±$25,246) |
| 6 | New Richmond | $80,329 (±$11,468) |
| 7 | Walnut Township (Montgomery County) | $78,750 (±$37,487) |
| 8 | Clark Township (Montgomery County) | $77,361 (±$12,771) |
| 9 | Madison Township (Montgomery County) | $73,438 (±$9,441) |
| 10 | Ripley Township (Montgomery County) | $68,375 (±$30,259) |
| 11 | Linden | $67,981 (±$8,293) |
| 12 | New Market | $67,969 (±$15,790) |
| 13 | Wingate | $64,375 (±$21,161) |
Showing 13 of 21 places in Montgomery 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 Walnut Township (Montgomery County)
What is the median household income in Walnut Township (Montgomery County)?
The median household income in Walnut Township (Montgomery County) is $78,750 (±$37,487) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Walnut Township (Montgomery County)?
About $40,900 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,023 a month.
Have incomes in Walnut Township (Montgomery County) kept up with inflation?
In Walnut Township (Montgomery County), the median household income went from $69,961 in 2015–2019 to $78,750 in 2020–2024 (+12.6%).
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 Walnut Township (Montgomery County)?
The median renting household in Walnut Township (Montgomery County), IN earns $44,375 (±$10,391) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Walnut township, Montgomery County, Indiana
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Walnut township, Montgomery County, Indiana
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Walnut township, Montgomery County, Indiana
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Walnut township, Montgomery County, Indiana
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Walnut township, Montgomery County, Indiana
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Walnut township, Montgomery 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 Walnut township, Montgomery County, Indiana (county subdivision:79838, in state:18 county:107).
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 Walnut Township (Montgomery County) at a glance
- Home values in Walnut Township (Montgomery County)
- Homeowner costs in Walnut Township (Montgomery County)
- Property taxes in Walnut Township (Montgomery County)
- Types of homes in Walnut Township (Montgomery County)
- Bedrooms in Walnut Township (Montgomery County)
- Age of homes in Walnut Township (Montgomery County)
- Heating fuel in Walnut Township (Montgomery County)
- Commute and cars in Walnut Township (Montgomery County)
- Population growth in Walnut Township (Montgomery County)
- Indiana landlord and tenant rules
- Housing across Montgomery County
- Indiana places ranked by median household income
- Housing data for every place in Indiana