What is the median household income in Croton Township, MI?
The median household income in Croton Township, MI is $76,765 (±$15,489) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,512 a month would take about $60,500 a year at the common guideline of spending no more than 30% of income on rent.
In Croton Township, the median household income went from $51,161 in 2015–2019 to $76,765 in 2020–2024 (+50.0%).
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
- $76,765 (±$15,489)
- Median renter income
- $71,548 (±$41,924)
- Income to afford median rent
- about $60,500
Income in Croton Township against Newaygo County, its state and the nation
| Croton Township | Newaygo County | Michigan | United States | |
|---|---|---|---|---|
| Median household income | $76,765 (±$15,489) | $63,304 (±$2,643) | $72,875 (±$293) | $80,734 |
| Median renter household income | $71,548 (±$41,924) | $39,289 (±$3,465) | $42,352 (±$376) | $52,966 |
| Median owner household income | $77,697 (±$19,165) | $68,034 (±$2,564) | $87,130 (±$344) | $100,009 |
| Median gross rent | $1,512 (±$298) | $904 (±$61) | $1,129 (±$4) | $1,413 |
In Croton Township, median household income is not measurably different from Newaygo County ($63,304).
It is not measurably different from Michigan ($72,875).
It is not measurably different from the national figure ($80,734).
In Newaygo County, Croton Township ranks 5 of 28 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 540 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 Croton 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 $1,512 a month ($18,144 a year) needs an income of about $60,500 a year.
The median renting household in Croton Township earns $71,548 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 | $51,161 (±$6,176) | $76,765 (±$15,489) | +50.0% | No measurable change after inflation |
| Median home value | $137,500 (±$17,345) | $216,700 (±$20,321) | +57.6% | 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 Croton Township
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Croton Township | — | $76,765 (±$15,489) | — |
| Brooks Township | 4.3 mi | $77,734 (±$17,126) | Not measurably different |
| Reynolds Township | 5.3 mi | $72,857 (±$14,580) | Not measurably different |
| Big Prairie Township | 6.2 mi | $53,289 (±$5,880) | Lower |
| Ensley Township | 6.3 mi | $75,954 (±$13,431) | Not measurably different |
| Grant Township (Newaygo County) | 7.8 mi | $73,500 (±$11,326) | Not measurably different |
| Everett Township | 8.0 mi | $56,875 (±$9,865) | Lower |
| Pierson Township | 8.2 mi | $86,450 (±$13,333) | Not measurably different |
| Newaygo | 8.4 mi | $40,689 (±$5,235) | Lower |
Nearby places with a measurably lower figure: Big Prairie Township, MI ($53,289), Everett Township, MI ($56,875), Newaygo, MI ($40,689).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Newaygo County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 1 | Garfield Township (Newaygo County) | $84,688 (±$14,304) |
| 2 | Dayton Township (Newaygo County) | $81,635 (±$10,822) |
| 3 | Norwich Township (Newaygo County) | $80,625 (±$17,604) |
| 4 | Brooks Township | $77,734 (±$17,126) |
| 5 | Croton Township | $76,765 (±$15,489) |
| 6 | Sheridan Charter Township | $76,042 (±$15,074) |
| 7 | Ensley Township | $75,954 (±$13,431) |
| 8 | Grant Township (Newaygo County) | $73,500 (±$11,326) |
| 9 | Ashland Township | $67,778 (±$9,977) |
| 10 | Sherman Township (Newaygo County) | $67,065 (±$13,766) |
| 11 | Goodwell Township | $63,750 (±$7,566) |
Showing 11 of 28 places in Newaygo 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 Croton Township
What is the median household income in Croton Township?
The median household income in Croton Township is $76,765 (±$15,489) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Croton Township?
About $60,500 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,512 a month.
Have incomes in Croton Township kept up with inflation?
In Croton Township, the median household income went from $51,161 in 2015–2019 to $76,765 in 2020–2024 (+50.0%).
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 Croton Township?
The median renting household in Croton Township, MI earns $71,548 (±$41,924) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Croton township, Newaygo County, Michigan
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Croton township, Newaygo County, Michigan
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Croton township, Newaygo County, Michigan
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Croton township, Newaygo County, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Croton township, Newaygo County, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Croton township, Newaygo 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 Croton township, Newaygo County, Michigan (county subdivision:18980, in state:26 county:123).
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 Croton Township at a glance
- Home values in Croton Township
- Homeowner costs in Croton Township
- Property taxes in Croton Township
- Types of homes in Croton Township
- Bedrooms in Croton Township
- Age of homes in Croton Township
- Heating fuel in Croton Township
- Commute and cars in Croton Township
- Population growth in Croton Township
- Michigan landlord and tenant rules
- Housing across Newaygo County
- Michigan places ranked by median household income
- Housing data for every place in Michigan