What is the median household income in Indian River, MI?
The median household income in Indian River, MI is $62,140 (±$27,738) a year (2020–2024 American Community Survey).
In Indian River, the median household income went from $42,989 in 2015–2019 to $62,140 in 2020–2024 (+44.5%).
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
- $62,140 (±$27,738)
Income in Indian River against Cheboygan County, its state and the nation
| Indian River | Cheboygan County | Michigan | United States | |
|---|---|---|---|---|
| Median household income | $62,140 (±$27,738) | $62,875 (±$3,272) | $72,875 (±$293) | $80,734 |
| Median renter household income | — | $31,910 (±$5,500) | $42,352 (±$376) | $52,966 |
| Median owner household income | $85,441 (±$35,148) | $67,708 (±$2,740) | $87,130 (±$344) | $100,009 |
| Median gross rent | — | $773 (±$63) | $1,129 (±$4) | $1,413 |
In Indian River, median household income is not measurably different from Cheboygan County ($62,875).
It is not measurably different from Michigan ($72,875).
It is not measurably different from the national figure ($80,734).
Statewide, it ranks 49 of 79.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $42,989 (±$12,609) | $62,140 (±$27,738) | +44.5% | No measurable change after inflation |
| Median home value | $176,900 (±$24,665) | $314,100 (±$71,887) | +77.6% | 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 Indian River
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Indian River | — | $62,140 (±$27,738) | — |
| Koehler Township | 4.8 mi | $61,859 (±$7,791) | Not measurably different |
| Mullett Township | 6.3 mi | $82,500 (±$15,591) | Not measurably different |
| Burt Township (Cheboygan County) | 6.4 mi | $77,188 (±$37,235) | Not measurably different |
| Ellis Township | 7.0 mi | $76,563 (±$18,834) | Not measurably different |
| Mentor Township (Cheboygan County) | 7.5 mi | $60,208 (±$13,104) | Not measurably different |
| Littlefield Township | 7.9 mi | $85,262 (±$14,531) | Not measurably different |
| Alanson | 8.0 mi | $65,139 (±$16,704) | Not measurably different |
| Maple River Township | 10 mi | $72,019 (±$15,787) | Not measurably different |
None of the nearby places differs measurably from this one on this figure.
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Indian River is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.
It lies inside Tuscarora Township, whose figures include it.
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 Indian River
One account for renting, owning, managing and fixing homes, with these figures beside you.
Own or manage a rental?
List it, sign the lease and collect rent online, with the figures for Indian River beside you.
Create a landlord account · See what landlords get
Looking for a place to rent?
Browse homes for rent near Indian River, save the ones you like and apply online.
Browse rentals · Create a renter account
Do repairs, renovations or maintenance?
Get found by owners and renters near Indian River, and send estimates and invoices from your phone.
Questions about Indian River
What is the median household income in Indian River?
The median household income in Indian River is $62,140 (±$27,738) a year (2020–2024 American Community Survey).
Have incomes in Indian River kept up with inflation?
In Indian River, the median household income went from $42,989 in 2015–2019 to $62,140 in 2020–2024 (+44.5%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Indian River CDP, Michigan
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Indian River CDP, Michigan
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Indian River CDP, Michigan
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Indian River CDP, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Indian River CDP, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Indian River CDP, 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 Indian River CDP, Michigan (place:40480, in state:26).
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 Indian River at a glance
- Home values in Indian River
- Homeowner costs in Indian River
- Property taxes in Indian River
- Types of homes in Indian River
- Bedrooms in Indian River
- Age of homes in Indian River
- Heating fuel in Indian River
- Commute and cars in Indian River
- Population growth in Indian River
- Michigan landlord and tenant rules
- Housing across Cheboygan County
- Michigan places ranked by median household income
- Housing data for every place in Michigan