What is the median household income in Grant Township (Iosco County), MI?
The median household income in Grant Township (Iosco County), MI is $56,193 (±$11,248) a year (2020–2024 American Community Survey).
Paying the median gross rent of $773 a month would take about $30,900 a year at the common guideline of spending no more than 30% of income on rent.
In Grant Township (Iosco County), the median household income went from $38,045 in 2015–2019 to $56,193 in 2020–2024 (+47.7%).
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
- $56,193 (±$11,248)
- Median renter income
- $36,607 (±$32,445)
- Income to afford median rent
- about $30,900
Income in Grant Township (Iosco County) against Iosco County, its state and the nation
| Grant Township (Iosco County) | Iosco County | Michigan | United States | |
|---|---|---|---|---|
| Median household income | $56,193 (±$11,248) | $50,066 (±$2,086) | $72,875 (±$293) | $80,734 |
| Median renter household income | $36,607 (±$32,445) | $31,000 (±$4,916) | $42,352 (±$376) | $52,966 |
| Median owner household income | $56,477 (±$10,127) | $53,543 (±$2,950) | $87,130 (±$344) | $100,009 |
| Median gross rent | $773 (±$42) | $719 (±$74) | $1,129 (±$4) | $1,413 |
In Grant Township (Iosco County), median household income is not measurably different from Iosco County ($50,066).
It is also lower than in Michigan ($72,875).
It is lower than the national figure ($80,734).
In Iosco County, Grant Township (Iosco County) ranks 6 of 14 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 1193 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 Grant Township (Iosco County)
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 $773 a month ($9,276 a year) needs an income of about $30,900 a year.
The median renting household in Grant Township (Iosco County) earns $36,607 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 | $38,045 (±$2,409) | $56,193 (±$11,248) | +47.7% | No measurable change after inflation |
| Median gross rent | $621 (±$88) | $773 (±$42) | +24.5% | No measurable change after inflation |
| Median home value | $84,600 (±$6,443) | $127,100 (±$20,674) | +50.2% | 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 Grant Township (Iosco County)
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Grant Township (Iosco County) | — | $56,193 (±$11,248) | — |
| Reno Township | 5.2 mi | $49,583 (±$11,908) | Not measurably different |
| Tawas Township | 6.0 mi | $59,531 (±$7,319) | Not measurably different |
| Sherman Township (Iosco County) | 6.3 mi | $56,875 (±$19,072) | Not measurably different |
| Whittemore | 6.3 mi | $33,214 (±$4,175) | Lower |
| Burleigh Township | 8.5 mi | $53,393 (±$13,106) | Not measurably different |
| Alabaster Township | 8.8 mi | $78,125 (±$23,332) | Not measurably different |
| Plainfield Township | 9.1 mi | $52,035 (±$9,759) | Not measurably different |
| Tawas City | 9.6 mi | $46,014 (±$3,668) | Not measurably different |
Nearby places with a measurably lower figure: Whittemore, MI ($33,214).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Iosco County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 1 | Alabaster Township | $78,125 (±$23,332) |
| 2 | Baldwin Township (Iosco County) | $69,792 (±$14,431) |
| 3 | Wilber Township | $66,667 (±$6,412) |
| 4 | Tawas Township | $59,531 (±$7,319) |
| 5 | Sherman Township (Iosco County) | $56,875 (±$19,072) |
| 6 | Grant Township (Iosco County) | $56,193 (±$11,248) |
| 7 | Burleigh Township | $53,393 (±$13,106) |
| 8 | Plainfield Township | $52,035 (±$9,759) |
| 9 | Au Sable Charter Township | $50,511 (±$11,367) |
| 10 | Reno Township | $49,583 (±$11,908) |
| 11 | Tawas City | $46,014 (±$3,668) |
| 12 | Oscoda Charter Township | $43,125 (±$9,227) |
Showing 12 of 14 places in Iosco County, ranked from highest to lowest.
The figures for Grant Township (Iosco County) include the places inside it that have pages of their own: Sand Lake (community).
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 Grant Township (Iosco County)
What is the median household income in Grant Township (Iosco County)?
The median household income in Grant Township (Iosco County) is $56,193 (±$11,248) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Grant Township (Iosco County)?
About $30,900 a year, if rent is to stay at or below 30% of income at the median gross rent of $773 a month.
Have incomes in Grant Township (Iosco County) kept up with inflation?
In Grant Township (Iosco County), the median household income went from $38,045 in 2015–2019 to $56,193 in 2020–2024 (+47.7%).
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 Grant Township (Iosco County)?
The median renting household in Grant Township (Iosco County), MI earns $36,607 (±$32,445) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Grant township, Iosco County, Michigan
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Grant township, Iosco County, Michigan
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Grant township, Iosco County, Michigan
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Grant township, Iosco County, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Grant township, Iosco County, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Grant township, Iosco 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 Grant township, Iosco County, Michigan (county subdivision:34280, in state:26 county:069).
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 Grant Township (Iosco County) at a glance
- Renters and owners in Grant Township (Iosco County)
- Home values in Grant Township (Iosco County)
- Homeowner costs in Grant Township (Iosco County)
- Property taxes in Grant Township (Iosco County)
- Types of homes in Grant Township (Iosco County)
- Bedrooms in Grant Township (Iosco County)
- Age of homes in Grant Township (Iosco County)
- Heating fuel in Grant Township (Iosco County)
- Commute and cars in Grant Township (Iosco County)
- Population growth in Grant Township (Iosco County)
- How long people stay in Grant Township (Iosco County)
- Michigan landlord and tenant rules
- Housing across Iosco County
- Michigan places ranked by median household income
- Housing data for every place in Michigan