What is the median household income in Beaver Township (Bay County), MI?
The median household income in Beaver Township (Bay County), MI is $89,154 (±$10,173) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,445 a month would take about $57,800 a year at the common guideline of spending no more than 30% of income on rent.
In Beaver Township (Bay County), the median household income went from $56,957 in 2015–2019 to $89,154 in 2020–2024 (+56.5%).
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
- $89,154 (±$10,173)
- Income to afford median rent
- about $57,800
Income in Beaver Township (Bay County) against Bay County, its state and the nation
| Beaver Township (Bay County) | Bay County | Michigan | United States | |
|---|---|---|---|---|
| Median household income | $89,154 (±$10,173) | $61,763 (±$2,526) | $72,875 (±$293) | $80,734 |
| Median renter household income | — | $35,715 (±$3,064) | $42,352 (±$376) | $52,966 |
| Median owner household income | $91,200 (±$9,905) | $72,178 (±$3,521) | $87,130 (±$344) | $100,009 |
| Median gross rent | $1,445 (±$177) | $860 (±$37) | $1,129 (±$4) | $1,413 |
In Beaver Township (Bay County), median household income is higher than in Bay County ($61,763).
It is also higher than in Michigan ($72,875).
It is not measurably different from the national figure ($80,734).
In Bay County, Beaver Township (Bay County) ranks 3 of 18 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 280 of 1,517.
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 Beaver Township (Bay 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 $1,445 a month ($17,340 a year) needs an income of about $57,800 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 | $56,957 (±$4,544) | $89,154 (±$10,173) | +56.5% | Up after inflation |
| Median gross rent | $683 (±$168) | $1,445 (±$177) | +111.6% | Up after inflation |
| Median home value | $137,400 (±$12,532) | $193,800 (±$20,548) | +41.0% | 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 Beaver Township (Bay County)
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Beaver Township (Bay County) | — | $89,154 (±$10,173) | — |
| Williams Charter Township | 5.1 mi | $87,380 (±$22,075) | Not measurably different |
| Larkin Charter Township | 5.2 mi | $143,427 (±$35,464) | Higher |
| Garfield Township (Bay County) | 5.9 mi | $96,571 (±$8,745) | Not measurably different |
| Kawkawlin Township | 6.3 mi | $85,262 (±$14,180) | Not measurably different |
| Auburn | 6.4 mi | $71,653 (±$14,513) | Not measurably different |
| Midland | 7.9 mi | $73,325 (±$5,223) | Lower |
| Monitor Charter Township | 8.1 mi | $76,563 (±$13,606) | Not measurably different |
| Mills Township (Midland County) | 8.9 mi | $71,607 (±$10,093) | Lower |
Nearby places with a measurably lower figure: Midland, MI ($73,325), Mills Township (Midland County), MI ($71,607).
Nearby places with a measurably higher figure: Larkin Charter Township, MI ($143,427).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Bay County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 1 | Garfield Township (Bay County) | $96,571 (±$8,745) |
| 2 | Frankenlust Township | $92,685 (±$18,723) |
| 3 | Beaver Township (Bay County) | $89,154 (±$10,173) |
| 4 | Merritt Township | $88,750 (±$12,137) |
| 5 | Williams Charter Township | $87,380 (±$22,075) |
| 6 | Kawkawlin Township | $85,262 (±$14,180) |
| 7 | Portsmouth Charter Township | $79,310 (±$7,338) |
| 8 | Monitor Charter Township | $76,563 (±$13,606) |
| 9 | Essexville | $75,341 (±$17,822) |
Showing 9 of 18 places in Bay 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 Beaver Township (Bay County)
What is the median household income in Beaver Township (Bay County)?
The median household income in Beaver Township (Bay County) is $89,154 (±$10,173) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Beaver Township (Bay County)?
About $57,800 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,445 a month.
Have incomes in Beaver Township (Bay County) kept up with inflation?
In Beaver Township (Bay County), the median household income went from $56,957 in 2015–2019 to $89,154 in 2020–2024 (+56.5%).
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 — Beaver township, Bay County, Michigan
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Beaver township, Bay County, Michigan
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Beaver township, Bay County, Michigan
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Beaver township, Bay County, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Beaver township, Bay County, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Beaver township, Bay County, Michigan
- 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 Beaver township, Bay County, Michigan (county subdivision:06540, in state:26 county:017).
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 Beaver Township (Bay County) at a glance
- Median rent in Beaver Township (Bay County)
- Home values in Beaver Township (Bay County)
- Homeowner costs in Beaver Township (Bay County)
- Property taxes in Beaver Township (Bay County)
- Types of homes in Beaver Township (Bay County)
- Age of homes in Beaver Township (Bay County)
- Heating fuel in Beaver Township (Bay County)
- Commute and cars in Beaver Township (Bay County)
- Population growth in Beaver Township (Bay County)
- How long people stay in Beaver Township (Bay County)
- Michigan landlord and tenant rules
- Housing across Bay County
- Michigan places ranked by median household income
- Housing data for every place in Michigan