What is the median household income in Hayes Township (Otsego County), MI?
The median household income in Hayes Township (Otsego County), MI is $77,629 (±$9,672) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,188 a month would take about $47,500 a year at the common guideline of spending no more than 30% of income on rent.
In Hayes Township (Otsego County), the median household income went from $58,813 in 2015–2019 to $77,629 in 2020–2024 (+32.0%).
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
- $77,629 (±$9,672)
- Median renter income
- $44,615 (±$9,667)
- Income to afford median rent
- about $47,500
Income in Hayes Township (Otsego County) against Otsego County, its state and the nation
| Hayes Township (Otsego County) | Otsego County | Michigan | United States | |
|---|---|---|---|---|
| Median household income | $77,629 (±$9,672) | $68,183 (±$4,808) | $72,875 (±$293) | $80,734 |
| Median renter household income | $44,615 (±$9,667) | $40,071 (±$9,496) | $42,352 (±$376) | $52,966 |
| Median owner household income | $80,189 (±$10,498) | $79,979 (±$5,432) | $87,130 (±$344) | $100,009 |
| Median gross rent | $1,188 (±$297) | $1,008 (±$83) | $1,129 (±$4) | $1,413 |
In Hayes Township (Otsego County), median household income is not measurably different from Otsego County ($68,183).
It is not measurably different from Michigan ($72,875).
It is not measurably different from the national figure ($80,734).
In Otsego County, Hayes Township (Otsego County) ranks 3 of 10 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 522 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 Hayes Township (Otsego 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 $1,188 a month ($14,256 a year) needs an income of about $47,500 a year.
The median renting household in Hayes Township (Otsego County) earns $44,615 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 | $58,813 (±$4,212) | $77,629 (±$9,672) | +32.0% | No measurable change after inflation |
| Median gross rent | $643 (±$254) | $1,188 (±$297) | +84.8% | No measurable change after inflation |
| Median home value | $122,600 (±$7,678) | $222,300 (±$15,463) | +81.3% | 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 Hayes Township (Otsego County)
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Hayes Township (Otsego County) | — | $77,629 (±$9,672) | — |
| Lakes of the North | 4.3 mi | $82,188 (±$28,935) | Not measurably different |
| Otsego Lake Township | 6.4 mi | $73,073 (±$22,710) | Not measurably different |
| Star Township | 7.1 mi | $85,750 (±$11,357) | Not measurably different |
| Bagley Township | 8.2 mi | $77,045 (±$7,968) | Not measurably different |
| Gaylord | 8.7 mi | $44,701 (±$10,702) | Lower |
| Mancelona Township | 9.1 mi | $65,412 (±$8,502) | Not measurably different |
| Blue Lake Township (Kalkaska County) | 9.4 mi | $68,750 (±$20,138) | Not measurably different |
| Maple Forest Township | 11 mi | $79,167 (±$15,415) | Not measurably different |
Nearby places with a measurably lower figure: Gaylord, MI ($44,701).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Otsego County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 1 | Dover Township (Otsego County) | $103,750 (±$22,234) |
| 2 | Elmira Township | $82,143 (±$10,947) |
| 3 | Hayes Township (Otsego County) | $77,629 (±$9,672) |
| 4 | Bagley Township | $77,045 (±$7,968) |
| 5 | Livingston Township | $76,625 (±$13,472) |
| 6 | Chester Township (Otsego County) | $73,707 (±$9,187) |
| 7 | Otsego Lake Township | $73,073 (±$22,710) |
| 8 | Charlton Township | $66,813 (±$10,202) |
| 9 | Corwith Township | $57,308 (±$10,875) |
Showing 9 of 10 places in Otsego 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 Hayes Township (Otsego County)
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Questions about Hayes Township (Otsego County)
What is the median household income in Hayes Township (Otsego County)?
The median household income in Hayes Township (Otsego County) is $77,629 (±$9,672) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Hayes Township (Otsego County)?
About $47,500 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,188 a month.
Have incomes in Hayes Township (Otsego County) kept up with inflation?
In Hayes Township (Otsego County), the median household income went from $58,813 in 2015–2019 to $77,629 in 2020–2024 (+32.0%).
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 Hayes Township (Otsego County)?
The median renting household in Hayes Township (Otsego County), MI earns $44,615 (±$9,667) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Hayes township, Otsego County, Michigan
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Hayes township, Otsego County, Michigan
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Hayes township, Otsego County, Michigan
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Hayes township, Otsego County, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Hayes township, Otsego County, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Hayes township, Otsego 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 Hayes township, Otsego County, Michigan (county subdivision:37360, in state:26 county:137).
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 Hayes Township (Otsego County) at a glance
- Renters and owners in Hayes Township (Otsego County)
- Home values in Hayes Township (Otsego County)
- Homeowner costs in Hayes Township (Otsego County)
- Property taxes in Hayes Township (Otsego County)
- Types of homes in Hayes Township (Otsego County)
- Bedrooms in Hayes Township (Otsego County)
- Age of homes in Hayes Township (Otsego County)
- Heating fuel in Hayes Township (Otsego County)
- Commute and cars in Hayes Township (Otsego County)
- Population growth in Hayes Township (Otsego County)
- How long people stay in Hayes Township (Otsego County)
- Michigan landlord and tenant rules
- Housing across Otsego County
- Michigan places ranked by median household income
- Housing data for every place in Michigan