What is the median household income in Garfield Charter Township, MI?
The median household income in Garfield Charter Township, MI is $66,082 (±$6,711) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,405 a month would take about $56,200 a year at the common guideline of spending no more than 30% of income on rent.
In Garfield Charter Township, the median household income went from $50,372 in 2015–2019 to $66,082 in 2020–2024 (+31.2%).
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
- $66,082 (±$6,711)
- Median renter income
- $46,219 (±$8,037)
- Income to afford median rent
- about $56,200
Income in Garfield Charter Township against Grand Traverse County, its state and the nation
| Garfield Charter Township | Grand Traverse County | Michigan | United States | |
|---|---|---|---|---|
| Median household income | $66,082 (±$6,711) | $81,647 (±$3,008) | $72,875 (±$293) | $80,734 |
| Median renter household income | $46,219 (±$8,037) | $50,435 (±$4,048) | $42,352 (±$376) | $52,966 |
| Median owner household income | $83,957 (±$6,196) | $92,691 (±$3,357) | $87,130 (±$344) | $100,009 |
| Median gross rent | $1,405 (±$73) | $1,288 (±$65) | $1,129 (±$4) | $1,413 |
In Garfield Charter Township, median household income is lower than in Grand Traverse County ($81,647).
It is also lower than in Michigan ($72,875).
It is lower than the national figure ($80,734).
In Grand Traverse County, Garfield Charter Township ranks 14 of 14 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 861 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 Garfield 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 $1,405 a month ($16,860 a year) needs an income of about $56,200 a year.
The median renting household in Garfield Charter Township earns $46,219 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 | $50,372 (±$3,061) | $66,082 (±$6,711) | +31.2% | No measurable change after inflation |
| Median gross rent | $1,045 (±$38) | $1,405 (±$73) | +34.4% | Up after inflation |
| Median home value | $190,300 (±$10,504) | $316,200 (±$24,433) | +66.2% | 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 Garfield Charter Township
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Garfield Charter Township | — | $66,082 (±$6,711) | — |
| Traverse City | 2.5 mi | $74,087 (±$7,199) | Not measurably different |
| Chums Corner | 3.6 mi | $100,855 (±$50,443) | Not measurably different |
| Greilickville | 5.5 mi | $93,750 (±$29,945) | Not measurably different |
| Long Lake Township | 5.7 mi | $96,220 (±$5,763) | Higher |
| East Bay Township | 6.3 mi | $85,291 (±$8,020) | Higher |
| Blair Township | 6.9 mi | $71,582 (±$9,478) | Not measurably different |
| Elmwood Charter Township | 7.1 mi | $94,417 (±$22,088) | Higher |
| Green Lake Township | 8.2 mi | $92,784 (±$16,260) | Higher |
Nearby places with a measurably higher figure: Long Lake Township, MI ($96,220), East Bay Township, MI ($85,291), Elmwood Charter Township, MI ($94,417).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Grand Traverse County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 8 | Fife Lake Township | $83,194 (±$19,464) |
| 9 | Grant Township (Grand Traverse County) | $81,250 (±$18,496) |
| 10 | Mayfield Township (Grand Traverse County) | $74,432 (±$12,503) |
| 11 | Traverse City | $74,087 (±$7,199) |
| 12 | Paradise Township | $74,084 (±$8,304) |
| 13 | Blair Township | $71,582 (±$9,478) |
| 14 | Garfield Charter Township | $66,082 (±$6,711) |
Showing 7 of 14 places in Grand Traverse 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.
What you can do on Seayora in Garfield Charter Township
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Questions about Garfield Charter Township
What is the median household income in Garfield Charter Township?
The median household income in Garfield Charter Township is $66,082 (±$6,711) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Garfield Charter Township?
About $56,200 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,405 a month.
Have incomes in Garfield Charter Township kept up with inflation?
In Garfield Charter Township, the median household income went from $50,372 in 2015–2019 to $66,082 in 2020–2024 (+31.2%).
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 Garfield Charter Township?
The median renting household in Garfield Charter Township, MI earns $46,219 (±$8,037) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Garfield charter township, Grand Traverse County, Michigan
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Garfield charter township, Grand Traverse County, Michigan
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Garfield charter township, Grand Traverse County, Michigan
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Garfield charter township, Grand Traverse County, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Garfield charter township, Grand Traverse County, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Garfield charter township, Grand Traverse 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 Garfield charter township, Grand Traverse County, Michigan (county subdivision:31580, in state:26 county:055).
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 Garfield Charter Township at a glance
- Median rent in Garfield Charter Township
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- Renters and owners in Garfield Charter Township
- Home values in Garfield Charter Township
- Homeowner costs in Garfield Charter Township
- Property taxes in Garfield Charter Township
- Types of homes in Garfield Charter Township
- Bedrooms in Garfield Charter Township
- Age of homes in Garfield Charter Township
- Vacancy rate in Garfield Charter Township
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- Commute and cars in Garfield Charter Township
- Population growth in Garfield Charter Township
- How long people stay in Garfield Charter Township
- Crowding and facilities in Garfield Charter Township
- Michigan landlord and tenant rules
- Housing across Grand Traverse County
- Michigan places ranked by median household income
- Housing data for every place in Michigan