What is the median household income in Home Township (Montcalm County), MI?
The median household income in Home Township (Montcalm County), MI is $56,037 (±$10,810) a year (2020–2024 American Community Survey).
Paying the median gross rent of $756 a month would take about $30,200 a year at the common guideline of spending no more than 30% of income on rent.
In Home Township (Montcalm County), the median household income went from $41,081 in 2015–2019 to $56,037 in 2020–2024 (+36.4%).
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
- $56,037 (±$10,810)
- Median renter income
- $20,227 (±$10,460)
- Income to afford median rent
- about $30,200
Income in Home Township (Montcalm County) against Montcalm County, its state and the nation
| Home Township (Montcalm County) | Montcalm County | Michigan | United States | |
|---|---|---|---|---|
| Median household income | $56,037 (±$10,810) | $67,344 (±$2,180) | $72,875 (±$293) | $80,734 |
| Median renter household income | $20,227 (±$10,460) | $35,966 (±$4,514) | $42,352 (±$376) | $52,966 |
| Median owner household income | $66,197 (±$4,290) | $73,665 (±$2,023) | $87,130 (±$344) | $100,009 |
| Median gross rent | $756 (±$83) | $869 (±$25) | $1,129 (±$4) | $1,413 |
In Home Township (Montcalm County), median household income is lower than in Montcalm County ($67,344).
It is also lower than in Michigan ($72,875).
It is lower than the national figure ($80,734).
In Montcalm County, Home Township (Montcalm County) ranks 20 of 23 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 1199 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 Home Township (Montcalm 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 $756 a month ($9,072 a year) needs an income of about $30,200 a year.
The median renting household in Home Township (Montcalm County) earns $20,227 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 | $41,081 (±$3,954) | $56,037 (±$10,810) | +36.4% | No measurable change after inflation |
| Median gross rent | $712 (±$83) | $756 (±$83) | +6.2% | No measurable change after inflation |
| Median home value | $89,400 (±$5,221) | $136,800 (±$19,400) | +53.0% | 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 Home Township (Montcalm County)
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Home Township (Montcalm County) | — | $56,037 (±$10,810) | — |
| Rolland Township | 4.3 mi | $55,000 (±$14,290) | Not measurably different |
| Belvidere Township | 5.7 mi | $59,891 (±$7,008) | Not measurably different |
| McBride | 5.9 mi | $59,821 (±$14,729) | Not measurably different |
| Day Township | 6.6 mi | $60,278 (±$5,226) | Not measurably different |
| Richland Township (Montcalm County) | 7.0 mi | $50,862 (±$9,218) | Not measurably different |
| Millbrook Township | 7.7 mi | $70,655 (±$8,288) | Higher |
| Fremont Township (Isabella County) | 7.8 mi | $74,911 (±$19,489) | Not measurably different |
| Douglass Township | 8.8 mi | $66,806 (±$17,863) | Not measurably different |
Nearby places with a measurably higher figure: Millbrook Township, MI ($70,655).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Montcalm County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 14 | Sidney Township | $60,050 (±$10,814) |
| 15 | Belvidere Township | $59,891 (±$7,008) |
| 16 | Evergreen Township (Montcalm County) | $59,144 (±$8,944) |
| 17 | Ferris Township | $58,929 (±$15,537) |
| 18 | Fairplain Township | $56,406 (±$8,992) |
| 19 | Crystal Township (Montcalm County) | $56,087 (±$15,330) |
| 20 | Home Township (Montcalm County) | $56,037 (±$10,810) |
| 21 | Richland Township (Montcalm County) | $50,862 (±$9,218) |
| 22 | Stanton | $48,750 (±$19,444) |
| 23 | Carson City | $44,375 (±$15,135) |
Showing 10 of 23 places in Montcalm County, ranked from highest to lowest.
The figures for Home Township (Montcalm County) include the places inside it that have pages of their own: Edmore.
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 Home Township (Montcalm County)
What is the median household income in Home Township (Montcalm County)?
The median household income in Home Township (Montcalm County) is $56,037 (±$10,810) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Home Township (Montcalm County)?
About $30,200 a year, if rent is to stay at or below 30% of income at the median gross rent of $756 a month.
Have incomes in Home Township (Montcalm County) kept up with inflation?
In Home Township (Montcalm County), the median household income went from $41,081 in 2015–2019 to $56,037 in 2020–2024 (+36.4%).
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 Home Township (Montcalm County)?
The median renting household in Home Township (Montcalm County), MI earns $20,227 (±$10,460) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Home township, Montcalm County, Michigan
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Home township, Montcalm County, Michigan
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Home township, Montcalm County, Michigan
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Home township, Montcalm County, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Home township, Montcalm County, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Home township, Montcalm 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 Home township, Montcalm County, Michigan (county subdivision:38840, in state:26 county:117).
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 Home Township (Montcalm County) at a glance
- Median rent in Home Township (Montcalm County)
- Rent burden in Home Township (Montcalm County)
- Renters and owners in Home Township (Montcalm County)
- Home values in Home Township (Montcalm County)
- Homeowner costs in Home Township (Montcalm County)
- Property taxes in Home Township (Montcalm County)
- Types of homes in Home Township (Montcalm County)
- Bedrooms in Home Township (Montcalm County)
- Age of homes in Home Township (Montcalm County)
- Heating fuel in Home Township (Montcalm County)
- Commute and cars in Home Township (Montcalm County)
- Population growth in Home Township (Montcalm County)
- How long people stay in Home Township (Montcalm County)
- Crowding and facilities in Home Township (Montcalm County)
- Michigan landlord and tenant rules
- Housing across Montcalm County
- Michigan places ranked by median household income
- Housing data for every place in Michigan