What is the median household income in Holly Township, MI?
The median household income in Holly Township, MI is $75,276 (±$14,600) a year (2020–2024 American Community Survey).
Paying the median gross rent of $997 a month would take about $39,900 a year at the common guideline of spending no more than 30% of income on rent.
In Holly Township, the median household income went from $63,872 in 2015–2019 to $75,276 in 2020–2024 (+17.9%).
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
- $75,276 (±$14,600)
- Median renter income
- $58,750 (±$28,044)
- Income to afford median rent
- about $39,900
Income in Holly Township against Oakland County, its state and the nation
| Holly Township | Oakland County | Michigan | United States | |
|---|---|---|---|---|
| Median household income | $75,276 (±$14,600) | $97,760 (±$1,268) | $72,875 (±$293) | $80,734 |
| Median renter household income | $58,750 (±$28,044) | $59,047 (±$1,564) | $42,352 (±$376) | $52,966 |
| Median owner household income | $87,061 (±$10,692) | $118,600 (±$1,461) | $87,130 (±$344) | $100,009 |
| Median gross rent | $997 (±$206) | $1,376 (±$14) | $1,129 (±$4) | $1,413 |
In Holly Township, median household income is lower than in Oakland County ($97,760).
It is not measurably different from Michigan ($72,875).
It is not measurably different from the national figure ($80,734).
In Oakland County, Holly Township ranks 41 of 50 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 586 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 Holly 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 $997 a month ($11,964 a year) needs an income of about $39,900 a year.
The median renting household in Holly Township earns $58,750 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 | $63,872 (±$5,825) | $75,276 (±$14,600) | +17.9% | No measurable change after inflation |
| Median gross rent | $839 (±$145) | $997 (±$206) | +18.8% | No measurable change after inflation |
| Median home value | $155,600 (±$9,531) | $240,800 (±$14,114) | +54.8% | 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 Holly Township
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Holly Township | — | $75,276 (±$14,600) | — |
| Lake Fenton | 4.3 mi | $116,352 (±$17,032) | Higher |
| Fenton | 5.1 mi | $80,000 (±$19,753) | Not measurably different |
| Grand Blanc Charter Township | 5.6 mi | $84,520 (±$4,050) | Not measurably different |
| Groveland Township | 6.0 mi | $105,959 (±$16,442) | Higher |
| Fenton Charter Township | 6.3 mi | $111,548 (±$7,936) | Higher |
| Rose Township (Oakland County) | 6.4 mi | $107,262 (±$15,853) | Higher |
| Grand Blanc | 6.8 mi | $68,052 (±$27,338) | Not measurably different |
| Goodrich | 7.8 mi | $110,329 (±$10,886) | Higher |
Nearby places with a measurably higher figure: Lake Fenton, MI ($116,352), Groveland Township, MI ($105,959), Fenton Charter Township, MI ($111,548).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Oakland County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 35 | Brandon Charter Township | $93,523 (±$12,066) |
| 36 | Village of Clarkston | $93,452 (±$10,510) |
| 37 | South Lyon | $92,467 (±$13,249) |
| 38 | Clawson | $88,636 (±$4,504) |
| 39 | Auburn Hills | $84,375 (±$8,211) |
| 40 | Waterford Charter Township | $77,101 (±$3,050) |
| 41 | Holly Township | $75,276 (±$14,600) |
| 42 | Walled Lake | $72,055 (±$10,108) |
| 43 | Oak Park | $71,510 (±$5,543) |
| 44 | Madison Heights | $69,503 (±$3,984) |
| 45 | Southfield | $68,166 (±$2,471) |
| 46 | Hazel Park | $67,073 (±$5,662) |
| 47 | Wixom | $65,485 (±$5,288) |
Showing 13 of 50 places in Oakland County, ranked from highest to lowest.
The figures for Holly Township include the places inside it that have pages of their own: Holly.
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 Holly Township
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Questions about Holly Township
What is the median household income in Holly Township?
The median household income in Holly Township is $75,276 (±$14,600) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Holly Township?
About $39,900 a year, if rent is to stay at or below 30% of income at the median gross rent of $997 a month.
Have incomes in Holly Township kept up with inflation?
In Holly Township, the median household income went from $63,872 in 2015–2019 to $75,276 in 2020–2024 (+17.9%).
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 Holly Township?
The median renting household in Holly Township, MI earns $58,750 (±$28,044) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Holly township, Oakland County, Michigan
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Holly township, Oakland County, Michigan
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Holly township, Oakland County, Michigan
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Holly township, Oakland County, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Holly township, Oakland County, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Holly township, Oakland 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 Holly township, Oakland County, Michigan (county subdivision:38720, in state:26 county:125).
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 Holly Township at a glance
- Median rent in Holly Township
- Rent by bedrooms in Holly Township
- Rent burden in Holly Township
- Renters and owners in Holly Township
- Home values in Holly Township
- Homeowner costs in Holly Township
- Property taxes in Holly Township
- Types of homes in Holly Township
- Bedrooms in Holly Township
- Age of homes in Holly Township
- Vacancy rate in Holly Township
- Heating fuel in Holly Township
- Commute and cars in Holly Township
- Population growth in Holly Township
- How long people stay in Holly Township
- Crowding and facilities in Holly Township
- Fair Market Rent in Holly Township
- Michigan landlord and tenant rules
- Housing across Oakland County
- Michigan places ranked by median household income
- Housing data for every place in Michigan