What is the median household income in Cato Township, MI?
The median household income in Cato Township, MI is $67,500 (±$12,761) a year (2020–2024 American Community Survey).
Paying the median gross rent of $711 a month would take about $28,400 a year at the common guideline of spending no more than 30% of income on rent.
In Cato Township, the median household income went from $44,185 in 2015–2019 to $67,500 in 2020–2024 (+52.8%).
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
- $67,500 (±$12,761)
- Median renter income
- $28,333 (±$4,966)
- Income to afford median rent
- about $28,400
Income in Cato Township against Montcalm County, its state and the nation
| Cato Township | Montcalm County | Michigan | United States | |
|---|---|---|---|---|
| Median household income | $67,500 (±$12,761) | $67,344 (±$2,180) | $72,875 (±$293) | $80,734 |
| Median renter household income | $28,333 (±$4,966) | $35,966 (±$4,514) | $42,352 (±$376) | $52,966 |
| Median owner household income | $75,455 (±$12,638) | $73,665 (±$2,023) | $87,130 (±$344) | $100,009 |
| Median gross rent | $711 (±$315) | $869 (±$25) | $1,129 (±$4) | $1,413 |
In Cato Township, median household income is not measurably different from Montcalm County ($67,344).
It is not measurably different from Michigan ($72,875).
It is lower than the national figure ($80,734).
In Montcalm County, Cato Township ranks 9 of 23 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 816 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 Cato 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 $711 a month ($8,532 a year) needs an income of about $28,400 a year.
The median renting household in Cato Township earns $28,333 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 | $44,185 (±$9,489) | $67,500 (±$12,761) | +52.8% | No measurable change after inflation |
| Median gross rent | $630 (±$77) | $711 (±$315) | +12.9% | No measurable change after inflation |
| Median home value | $93,100 (±$8,682) | $174,200 (±$12,371) | +87.1% | 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 Cato Township
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Cato Township | — | $67,500 (±$12,761) | — |
| Pine Township | 5.0 mi | $82,966 (±$3,992) | Higher |
| Winfield Township | 5.1 mi | $74,189 (±$9,609) | Not measurably different |
| Hinton Township | 5.8 mi | $60,368 (±$6,391) | Not measurably different |
| Belvidere Township | 6.5 mi | $59,891 (±$7,008) | Not measurably different |
| Maple Valley Township (Montcalm County) | 7.9 mi | $84,219 (±$18,300) | Not measurably different |
| Douglass Township | 8.1 mi | $66,806 (±$17,863) | Not measurably different |
| Deerfield Township (Mecosta County) | 8.5 mi | $57,898 (±$13,005) | Not measurably different |
| Millbrook Township | 8.9 mi | $70,655 (±$8,288) | Not measurably different |
Nearby places with a measurably higher figure: Pine Township, MI ($82,966).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Montcalm County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 3 | Maple Valley Township (Montcalm County) | $84,219 (±$18,300) |
| 4 | Pine Township | $82,966 (±$3,992) |
| 5 | Eureka Township | $77,266 (±$16,475) |
| 6 | Winfield Township | $74,189 (±$9,609) |
| 7 | Reynolds Township | $72,857 (±$14,580) |
| 8 | Montcalm Township | $71,293 (±$15,112) |
| 9 | Cato Township | $67,500 (±$12,761) |
| 10 | Douglass Township | $66,806 (±$17,863) |
| 11 | Bushnell Township | $65,500 (±$9,843) |
| 12 | Greenville | $63,285 (±$15,220) |
| 13 | Day Township | $60,278 (±$5,226) |
| 14 | Sidney Township | $60,050 (±$10,814) |
| 15 | Belvidere Township | $59,891 (±$7,008) |
Showing 13 of 23 places in Montcalm County, ranked from highest to lowest.
The figures for Cato Township include the places inside it that have pages of their own: Lakeview.
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 Cato Township
What is the median household income in Cato Township?
The median household income in Cato Township is $67,500 (±$12,761) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Cato Township?
About $28,400 a year, if rent is to stay at or below 30% of income at the median gross rent of $711 a month.
Have incomes in Cato Township kept up with inflation?
In Cato Township, the median household income went from $44,185 in 2015–2019 to $67,500 in 2020–2024 (+52.8%).
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 Cato Township?
The median renting household in Cato Township, MI earns $28,333 (±$4,966) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Cato township, Montcalm County, Michigan
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Cato township, Montcalm County, Michigan
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Cato township, Montcalm County, Michigan
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Cato township, Montcalm County, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Cato township, Montcalm County, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Cato township, Montcalm 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 Cato township, Montcalm County, Michigan (county subdivision:14000, in state:26 county:117).
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 Cato Township at a glance
- Median rent in Cato Township
- Renters and owners in Cato Township
- Home values in Cato Township
- Homeowner costs in Cato Township
- Property taxes in Cato Township
- Types of homes in Cato Township
- Bedrooms in Cato Township
- Age of homes in Cato Township
- Heating fuel in Cato Township
- Commute and cars in Cato Township
- Population growth in Cato Township
- How long people stay in Cato Township
- Michigan landlord and tenant rules
- Housing across Montcalm County
- Michigan places ranked by median household income
- Housing data for every place in Michigan