What is the median household income in Canton Charter Township, MI?
The median household income in Canton Charter Township, MI is $121,359 (±$4,201) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,501 a month would take about $60,000 a year at the common guideline of spending no more than 30% of income on rent.
In Canton Charter Township, the median household income went from $93,483 in 2015–2019 to $121,359 in 2020–2024 (+29.8%).
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
- $121,359 (±$4,201)
- Median renter income
- $69,759 (±$8,514)
- Income to afford median rent
- about $60,000
Income in Canton Charter Township against Wayne County, its state and the nation
| Canton Charter Township | Wayne County | Michigan | United States | |
|---|---|---|---|---|
| Median household income | $121,359 (±$4,201) | $60,539 (±$602) | $72,875 (±$293) | $80,734 |
| Median renter household income | $69,759 (±$8,514) | $37,565 (±$847) | $42,352 (±$376) | $52,966 |
| Median owner household income | $139,192 (±$5,586) | $77,774 (±$995) | $87,130 (±$344) | $100,009 |
| Median gross rent | $1,501 (±$77) | $1,132 (±$8) | $1,129 (±$4) | $1,413 |
In Canton Charter Township, median household income is higher than in Wayne County ($60,539).
It is also higher than in Michigan ($72,875).
It is higher than the national figure ($80,734).
In Wayne County, Canton Charter Township ranks 9 of 43 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 43 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 Canton Charter 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 $1,501 a month ($18,012 a year) needs an income of about $60,000 a year.
The median renting household in Canton Charter Township earns $69,759 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 | $93,483 (±$3,775) | $121,359 (±$4,201) | +29.8% | Up after inflation |
| Median gross rent | $1,167 (±$34) | $1,501 (±$77) | +28.6% | No measurable change after inflation |
| Median home value | $251,900 (±$3,683) | $372,400 (±$5,110) | +47.8% | 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 Canton Charter Township
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Canton Charter Township | — | $121,359 (±$4,201) | — |
| Plymouth | 4.5 mi | $112,145 (±$16,166) | Not measurably different |
| Plymouth Charter Township | 4.6 mi | $116,883 (±$9,674) | Not measurably different |
| Wayne | 5.4 mi | $59,038 (±$5,456) | Lower |
| Westland | 5.4 mi | $62,076 (±$2,929) | Lower |
| Superior Charter Township | 5.9 mi | $101,208 (±$7,528) | Lower |
| Van Buren Charter Township | 6.0 mi | $78,230 (±$5,245) | Lower |
| Belleville | 7.3 mi | $62,991 (±$4,741) | Lower |
| Garden City | 7.5 mi | $67,294 (±$5,058) | Lower |
Nearby places with a measurably lower figure: Wayne, MI ($59,038), Westland, MI ($62,076), Superior Charter Township, MI ($101,208).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Wayne County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 3 | Grosse Pointe | $158,853 (±$11,434) |
| 4 | Northville Township | $150,518 (±$11,389) |
| 5 | Northville | $145,530 (±$19,342) |
| 6 | Grosse Ile Township | $126,582 (±$6,922) |
| 7 | Grosse Pointe Woods | $126,395 (±$9,307) |
| 8 | Grosse Pointe Park | $124,111 (±$12,196) |
| 9 | Canton Charter Township | $121,359 (±$4,201) |
| 10 | Plymouth Charter Township | $116,883 (±$9,674) |
| 11 | Plymouth | $112,145 (±$16,166) |
| 12 | Livonia | $98,460 (±$2,562) |
| 13 | Brownstown Charter Township | $95,402 (±$6,052) |
| 14 | Huron Charter Township | $92,832 (±$7,407) |
| 15 | Gibraltar | $91,651 (±$5,033) |
Showing 13 of 43 places in Wayne 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 Canton Charter Township
What is the median household income in Canton Charter Township?
The median household income in Canton Charter Township is $121,359 (±$4,201) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Canton Charter Township?
About $60,000 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,501 a month.
Have incomes in Canton Charter Township kept up with inflation?
In Canton Charter Township, the median household income went from $93,483 in 2015–2019 to $121,359 in 2020–2024 (+29.8%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
What do renters earn in Canton Charter Township?
The median renting household in Canton Charter Township, MI earns $69,759 (±$8,514) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Canton charter township, Wayne County, Michigan
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Canton charter township, Wayne County, Michigan
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Canton charter township, Wayne County, Michigan
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Canton charter township, Wayne County, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Canton charter township, Wayne County, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Canton charter township, Wayne 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 Canton charter township, Wayne County, Michigan (county subdivision:13120, in state:26 county:163).
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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- Renters and owners in Canton Charter Township
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- Homeowner costs in Canton Charter Township
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- Types of homes in Canton Charter Township
- Bedrooms in Canton Charter Township
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- Crime reported to police in Canton Charter Township
- Population growth in Canton Charter Township
- How long people stay in Canton Charter Township
- Crowding and facilities in Canton Charter Township
- Fair Market Rent in Canton Charter Township
- Michigan landlord and tenant rules
- Housing across Wayne County
- Michigan places ranked by median household income
- Housing data for every place in Michigan