What is the median household income in Bingham Township (Leelanau County), MI?
The median household income in Bingham Township (Leelanau County), MI is $93,594 (±$7,677) a year (2020–2024 American Community Survey).
In Bingham Township (Leelanau County), the median household income went from $68,986 in 2015–2019 to $93,594 in 2020–2024 (+35.7%).
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
- $93,594 (±$7,677)
- Median renter income
- $91,719 (±$32,643)
Income in Bingham Township (Leelanau County) against Leelanau County, its state and the nation
| Bingham Township (Leelanau County) | Leelanau County | Michigan | United States | |
|---|---|---|---|---|
| Median household income | $93,594 (±$7,677) | $99,422 (±$6,699) | $72,875 (±$293) | $80,734 |
| Median renter household income | $91,719 (±$32,643) | $61,583 (±$9,256) | $42,352 (±$376) | $52,966 |
| Median owner household income | $93,750 (±$9,488) | $103,036 (±$4,490) | $87,130 (±$344) | $100,009 |
| Median gross rent | — | $1,228 (±$90) | $1,129 (±$4) | $1,413 |
In Bingham Township (Leelanau County), median household income is not measurably different from Leelanau County ($99,422).
It is also higher than in Michigan ($72,875).
It is higher than the national figure ($80,734).
In Leelanau County, Bingham Township (Leelanau County) ranks 8 of 11 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 227 of 1,517.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $68,986 (±$4,186) | $93,594 (±$7,677) | +35.7% | No measurable change after inflation |
| Median home value | $242,500 (±$14,284) | $373,200 (±$29,326) | +53.9% | 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 Bingham Township (Leelanau County)
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Bingham Township (Leelanau County) | — | $93,594 (±$7,677) | — |
| Suttons Bay | 4.6 mi | $125,357 (±$27,796) | Higher |
| Suttons Bay Township | 5.7 mi | $115,769 (±$17,186) | Higher |
| Centerville Township | 5.9 mi | $98,281 (±$11,515) | Not measurably different |
| Elmwood Charter Township | 6.1 mi | $94,417 (±$22,088) | Not measurably different |
| Peninsula Township | 6.1 mi | $137,787 (±$19,873) | Higher |
| Greilickville | 7.9 mi | $93,750 (±$29,945) | Not measurably different |
| Solon Township (Leelanau County) | 8.9 mi | $96,833 (±$7,882) | Not measurably different |
| Traverse City | 11 mi | $74,087 (±$7,199) | Lower |
Nearby places with a measurably lower figure: Traverse City, MI ($74,087).
Nearby places with a measurably higher figure: Suttons Bay, MI ($125,357), Suttons Bay Township, MI ($115,769), Peninsula Township, MI ($137,787).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Leelanau County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 2 | Suttons Bay Township | $115,769 (±$17,186) |
| 3 | Glen Arbor Township | $109,500 (±$14,663) |
| 4 | Centerville Township | $98,281 (±$11,515) |
| 5 | Solon Township (Leelanau County) | $96,833 (±$7,882) |
| 6 | Empire Township | $94,821 (±$14,428) |
| 7 | Elmwood Charter Township | $94,417 (±$22,088) |
| 8 | Bingham Township (Leelanau County) | $93,594 (±$7,677) |
| 9 | Leland Township | $92,857 (±$24,879) |
| 10 | Kasson Township | $85,417 (±$20,057) |
| 11 | Cleveland Township | $81,607 (±$9,074) |
Showing 10 of 11 places in Leelanau 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 Bingham Township (Leelanau County)
What is the median household income in Bingham Township (Leelanau County)?
The median household income in Bingham Township (Leelanau County) is $93,594 (±$7,677) a year (2020–2024 American Community Survey).
Have incomes in Bingham Township (Leelanau County) kept up with inflation?
In Bingham Township (Leelanau County), the median household income went from $68,986 in 2015–2019 to $93,594 in 2020–2024 (+35.7%).
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 Bingham Township (Leelanau County)?
The median renting household in Bingham Township (Leelanau County), MI earns $91,719 (±$32,643) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Bingham township, Leelanau County, Michigan
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Bingham township, Leelanau County, Michigan
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Bingham township, Leelanau County, Michigan
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Bingham township, Leelanau County, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Bingham township, Leelanau County, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Bingham township, Leelanau 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 Bingham township, Leelanau County, Michigan (county subdivision:08440, in state:26 county:089).
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 Bingham Township (Leelanau County)
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- Michigan landlord and tenant rules
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- Housing data for every place in Michigan