What is the median household income in Boon Township, MI?
The median household income in Boon Township, MI is $47,212 (±$18,280) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,063 a month would take about $42,500 a year at the common guideline of spending no more than 30% of income on rent.
In Boon Township, the median household income went from $50,333 in 2015–2019 to $47,212 in 2020–2024 (−6.2%).
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
- $47,212 (±$18,280)
- Median renter income
- $22,917 (±$11,478)
- Income to afford median rent
- about $42,500
Income in Boon Township against Wexford County, its state and the nation
| Boon Township | Wexford County | Michigan | United States | |
|---|---|---|---|---|
| Median household income | $47,212 (±$18,280) | $61,085 (±$2,988) | $72,875 (±$293) | $80,734 |
| Median renter household income | $22,917 (±$11,478) | $35,971 (±$4,532) | $42,352 (±$376) | $52,966 |
| Median owner household income | $53,214 (±$18,767) | $71,801 (±$3,390) | $87,130 (±$344) | $100,009 |
| Median gross rent | $1,063 (±$988) | $897 (±$45) | $1,129 (±$4) | $1,413 |
In Boon Township, median household income is not measurably different from Wexford County ($61,085).
It is also lower than in Michigan ($72,875).
It is lower than the national figure ($80,734).
In Wexford County, Boon Township ranks 16 of 18 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 1400 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 Boon Township
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 $1,063 a month ($12,756 a year) needs an income of about $42,500 a year.
The median renting household in Boon Township earns $22,917 a year, less than that.
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 | $50,333 (±$3,531) | $47,212 (±$18,280) | −6.2% | No measurable change after inflation |
| Median gross rent | $642 (±$448) | $1,063 (±$988) | +65.6% | No measurable change after inflation |
| Median home value | $105,000 (±$17,991) | $170,500 (±$46,055) | +62.4% | 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 Boon Township
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Boon Township | — | $47,212 (±$18,280) | — |
| Henderson Township | 5.7 mi | $82,625 (±$35,503) | Not measurably different |
| Slagle Township | 6.0 mi | $49,583 (±$19,007) | Not measurably different |
| Antioch Township | 6.2 mi | $65,000 (±$13,652) | Not measurably different |
| Selma Township | 6.4 mi | $65,217 (±$19,852) | Not measurably different |
| Cherry Grove Township | 7.9 mi | $97,177 (±$12,850) | Higher |
| Springville Township | 8.4 mi | $46,875 (±$9,973) | Not measurably different |
| Mesick | 8.5 mi | $41,094 (±$8,348) | Not measurably different |
| South Branch Township (Wexford County) | 8.6 mi | $60,000 (±$12,874) | Not measurably different |
Nearby places with a measurably higher figure: Cherry Grove Township, MI ($97,177).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Wexford County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 10 | Selma Township | $65,217 (±$19,852) |
| 11 | Antioch Township | $65,000 (±$13,652) |
| 12 | South Branch Township (Wexford County) | $60,000 (±$12,874) |
| 13 | Cadillac | $51,773 (±$3,850) |
| 14 | Slagle Township | $49,583 (±$19,007) |
| 15 | Colfax Township (Wexford County) | $47,500 (±$13,681) |
| 16 | Boon Township | $47,212 (±$18,280) |
| 17 | Springville Township | $46,875 (±$9,973) |
| 18 | Manton | $45,982 (±$3,400) |
Showing 9 of 18 places in Wexford County, ranked from highest to lowest.
The figures for Boon Township include the places inside it that have pages of their own: Harrietta.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
What you can do on Seayora in Boon Township
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Questions about Boon Township
What is the median household income in Boon Township?
The median household income in Boon Township is $47,212 (±$18,280) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Boon Township?
About $42,500 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,063 a month.
Have incomes in Boon Township kept up with inflation?
In Boon Township, the median household income went from $50,333 in 2015–2019 to $47,212 in 2020–2024 (−6.2%).
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 Boon Township?
The median renting household in Boon Township, MI earns $22,917 (±$11,478) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Boon township, Wexford County, Michigan
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Boon township, Wexford County, Michigan
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Boon township, Wexford County, Michigan
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Boon township, Wexford County, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Boon township, Wexford County, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Boon township, Wexford 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 Boon township, Wexford County, Michigan (county subdivision:09580, in state:26 county:165).
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 Boon Township at a glance
- Renters and owners in Boon Township
- Home values in Boon Township
- Homeowner costs in Boon Township
- Property taxes in Boon Township
- Types of homes in Boon Township
- Bedrooms in Boon Township
- Age of homes in Boon Township
- Heating fuel in Boon Township
- Commute and cars in Boon Township
- Michigan landlord and tenant rules
- Housing across Wexford County
- Michigan places ranked by median household income
- Housing data for every place in Michigan