What is the median household income in Franklin Township (Clare County), MI?
The median household income in Franklin Township (Clare County), MI is $52,778 (±$6,982) a year (2020–2024 American Community Survey).
In Franklin Township (Clare County), the median household income went from $42,361 in 2015–2019 to $52,778 in 2020–2024 (+24.6%).
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
- $52,778 (±$6,982)
Income in Franklin Township (Clare County) against Clare County, its state and the nation
| Franklin Township (Clare County) | Clare County | Michigan | United States | |
|---|---|---|---|---|
| Median household income | $52,778 (±$6,982) | $49,384 (±$2,661) | $72,875 (±$293) | $80,734 |
| Median renter household income | — | $29,066 (±$2,411) | $42,352 (±$376) | $52,966 |
| Median owner household income | $53,056 (±$6,132) | $53,416 (±$2,763) | $87,130 (±$344) | $100,009 |
| Median gross rent | — | $765 (±$87) | $1,129 (±$4) | $1,413 |
In Franklin Township (Clare County), median household income is not measurably different from Clare County ($49,384).
It is also lower than in Michigan ($72,875).
It is lower than the national figure ($80,734).
In Clare County, Franklin Township (Clare County) ranks 9 of 18 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 1295 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 | $42,361 (±$5,699) | $52,778 (±$6,982) | +24.6% | No measurable change after inflation |
| Median home value | $103,800 (±$14,321) | $157,200 (±$15,467) | +51.4% | 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 Franklin Township (Clare County)
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Franklin Township (Clare County) | — | $52,778 (±$6,982) | — |
| Sherman Township (Gladwin County) | 6.0 mi | $49,181 (±$17,554) | Not measurably different |
| Hamilton Township (Clare County) | 6.0 mi | $45,096 (±$11,813) | Not measurably different |
| Frost Township | 6.3 mi | $46,667 (±$6,729) | Not measurably different |
| Hayes Township (Clare County) | 8.0 mi | $40,250 (±$4,410) | Lower |
| Sage Township | 8.0 mi | $57,424 (±$9,122) | Not measurably different |
| Roscommon Township | 8.6 mi | $53,186 (±$5,510) | Not measurably different |
| Harrison | 11 mi | $39,430 (±$3,134) | Lower |
| Denton Township | 11 mi | $45,640 (±$6,428) | Not measurably different |
Nearby places with a measurably lower figure: Hayes Township (Clare County), MI ($40,250), Harrison, MI ($39,430).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Clare County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 3 | Hatton Township | $64,286 (±$20,848) |
| 4 | Sheridan Township (Clare County) | $64,135 (±$14,623) |
| 5 | Grant Township (Clare County) | $61,010 (±$8,500) |
| 6 | Winterfield Township | $57,813 (±$12,148) |
| 7 | Greenwood Township (Clare County) | $54,583 (±$9,556) |
| 8 | Freeman Township | $54,063 (±$7,060) |
| 9 | Franklin Township (Clare County) | $52,778 (±$6,982) |
| 10 | Surrey Township | $50,764 (±$9,988) |
| 11 | Lincoln Township (Clare County) | $48,953 (±$4,526) |
| 12 | Frost Township | $46,667 (±$6,729) |
| 13 | Hamilton Township (Clare County) | $45,096 (±$11,813) |
| 14 | Clare | $41,226 (±$11,305) |
| 15 | Hayes Township (Clare County) | $40,250 (±$4,410) |
Showing 13 of 18 places in Clare 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 Franklin Township (Clare County)
What is the median household income in Franklin Township (Clare County)?
The median household income in Franklin Township (Clare County) is $52,778 (±$6,982) a year (2020–2024 American Community Survey).
Have incomes in Franklin Township (Clare County) kept up with inflation?
In Franklin Township (Clare County), the median household income went from $42,361 in 2015–2019 to $52,778 in 2020–2024 (+24.6%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Franklin township, Clare County, Michigan
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Franklin township, Clare County, Michigan
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Franklin township, Clare County, Michigan
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Franklin township, Clare County, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Franklin township, Clare County, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Franklin township, Clare 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 Franklin township, Clare County, Michigan (county subdivision:30280, in state:26 county:035).
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 Franklin Township (Clare County) at a glance
- Home values in Franklin Township (Clare County)
- Homeowner costs in Franklin Township (Clare County)
- Property taxes in Franklin Township (Clare County)
- Types of homes in Franklin Township (Clare County)
- Bedrooms in Franklin Township (Clare County)
- Age of homes in Franklin Township (Clare County)
- Heating fuel in Franklin Township (Clare County)
- Michigan landlord and tenant rules
- Housing across Clare County
- Michigan places ranked by median household income
- Housing data for every place in Michigan