What is the median household income in Greenwood Township (Oceana County), MI?
The median household income in Greenwood Township (Oceana County), MI is $54,375 (±$13,062) a year (2020–2024 American Community Survey).
Paying the median gross rent of $775 a month would take about $31,000 a year at the common guideline of spending no more than 30% of income on rent.
In Greenwood Township (Oceana County), the median household income went from $60,550 in 2015–2019 to $54,375 in 2020–2024 (−10.2%).
Prices (CPI-U) rose 22.7% over the same years, so it fell after inflation as well.
Figures last updated on .
- Median household income
- $54,375 (±$13,062)
- Median renter income
- $33,542 (±$28,910)
- Income to afford median rent
- about $31,000
Income in Greenwood Township (Oceana County) against Oceana County, its state and the nation
| Greenwood Township (Oceana County) | Oceana County | Michigan | United States | |
|---|---|---|---|---|
| Median household income | $54,375 (±$13,062) | $62,417 (±$3,332) | $72,875 (±$293) | $80,734 |
| Median renter household income | $33,542 (±$28,910) | $36,368 (±$2,479) | $42,352 (±$376) | $52,966 |
| Median owner household income | $58,667 (±$17,168) | $69,813 (±$2,806) | $87,130 (±$344) | $100,009 |
| Median gross rent | $775 (±$229) | $759 (±$41) | $1,129 (±$4) | $1,413 |
In Greenwood Township (Oceana County), median household income is not measurably different from Oceana County ($62,417).
It is also lower than in Michigan ($72,875).
It is lower than the national figure ($80,734).
In Oceana County, Greenwood Township (Oceana County) ranks 15 of 17 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 1258 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 Greenwood Township (Oceana 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 $775 a month ($9,300 a year) needs an income of about $31,000 a year.
The median renting household in Greenwood Township (Oceana County) earns $33,542 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 | $60,550 (±$11,568) | $54,375 (±$13,062) | −10.2% | Down after inflation |
| Median gross rent | $804 (±$286) | $775 (±$229) | −3.6% | No measurable change after inflation |
| Median home value | $113,700 (±$19,549) | $186,500 (±$47,773) | +64.0% | No measurable change 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 Greenwood Township (Oceana County)
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Greenwood Township (Oceana County) | — | $54,375 (±$13,062) | — |
| Holton Township | 5.1 mi | $72,910 (±$8,698) | Higher |
| Dayton Township (Newaygo County) | 5.3 mi | $81,635 (±$10,822) | Higher |
| Hesperia | 5.3 mi | $37,174 (±$8,739) | Lower |
| Otto Township | 6.2 mi | $69,583 (±$15,706) | Not measurably different |
| Newfield Township | 6.9 mi | $62,391 (±$13,452) | Not measurably different |
| Blue Lake Township (Muskegon County) | 7.2 mi | $83,452 (±$10,439) | Higher |
| Fremont | 7.5 mi | $57,452 (±$16,051) | Not measurably different |
| Sheridan Charter Township | 8.0 mi | $76,042 (±$15,074) | Higher |
Nearby places with a measurably lower figure: Hesperia, MI ($37,174).
Nearby places with a measurably higher figure: Holton Township, MI ($72,910), Dayton Township (Newaygo County), MI ($81,635), Blue Lake Township (Muskegon County), MI ($83,452).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Oceana County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 9 | Newfield Township | $62,391 (±$13,452) |
| 10 | Hart Township | $59,821 (±$8,187) |
| 11 | Grant Township (Oceana County) | $57,625 (±$10,525) |
| 12 | Weare Township | $55,114 (±$13,047) |
| 13 | Ferry Township | $54,601 (±$10,873) |
| 14 (tie) | Crystal Township (Oceana County) | $54,375 (±$10,784) |
| 14 (tie) | Greenwood Township (Oceana County) | $54,375 (±$13,062) |
| 16 | Leavitt Township | $52,679 (±$10,084) |
| 17 | Hart | $50,956 (±$11,774) |
Showing 9 of 17 places in Oceana 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 Greenwood Township (Oceana County)
What is the median household income in Greenwood Township (Oceana County)?
The median household income in Greenwood Township (Oceana County) is $54,375 (±$13,062) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Greenwood Township (Oceana County)?
About $31,000 a year, if rent is to stay at or below 30% of income at the median gross rent of $775 a month.
Have incomes in Greenwood Township (Oceana County) kept up with inflation?
In Greenwood Township (Oceana County), the median household income went from $60,550 in 2015–2019 to $54,375 in 2020–2024 (−10.2%).
Prices (CPI-U) rose 22.7% over the same years, so it fell after inflation as well.
What do renters earn in Greenwood Township (Oceana County)?
The median renting household in Greenwood Township (Oceana County), MI earns $33,542 (±$28,910) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Greenwood township, Oceana County, Michigan
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Greenwood township, Oceana County, Michigan
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Greenwood township, Oceana County, Michigan
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Greenwood township, Oceana County, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Greenwood township, Oceana County, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Greenwood township, Oceana 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 Greenwood township, Oceana County, Michigan (county subdivision:35160, in state:26 county:127).
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 Greenwood Township (Oceana County) at a glance
- Home values in Greenwood Township (Oceana County)
- Homeowner costs in Greenwood Township (Oceana County)
- Property taxes in Greenwood Township (Oceana County)
- Types of homes in Greenwood Township (Oceana County)
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- Population growth in Greenwood Township (Oceana County)
- Michigan landlord and tenant rules
- Housing across Oceana County
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- Housing data for every place in Michigan