What is the median household income in Inland Township, MI?
The median household income in Inland Township, MI is $80,759 (±$6,944) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,113 a month would take about $44,500 a year at the common guideline of spending no more than 30% of income on rent.
In Inland Township, the median household income went from $56,500 in 2015–2019 to $80,759 in 2020–2024 (+42.9%).
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
- $80,759 (±$6,944)
- Median renter income
- $47,885 (±$42,418)
- Income to afford median rent
- about $44,500
Income in Inland Township against Benzie County, its state and the nation
| Inland Township | Benzie County | Michigan | United States | |
|---|---|---|---|---|
| Median household income | $80,759 (±$6,944) | $74,834 (±$3,104) | $72,875 (±$293) | $80,734 |
| Median renter household income | $47,885 (±$42,418) | $42,188 (±$18,029) | $42,352 (±$376) | $52,966 |
| Median owner household income | $83,984 (±$8,408) | $80,189 (±$3,906) | $87,130 (±$344) | $100,009 |
| Median gross rent | $1,113 (±$52) | $1,026 (±$77) | $1,129 (±$4) | $1,413 |
In Inland Township, median household income is not measurably different from Benzie County ($74,834).
It is also higher than in Michigan ($72,875).
It is not measurably different from the national figure ($80,734).
In Benzie County, Inland Township ranks 5 of 13 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 439 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 Inland 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 $1,113 a month ($13,356 a year) needs an income of about $44,500 a year.
The median renting household in Inland Township earns $47,885 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 | $56,500 (±$13,703) | $80,759 (±$6,944) | +42.9% | No measurable change after inflation |
| Median gross rent | $718 (±$295) | $1,113 (±$52) | +55.0% | No measurable change after inflation |
| Median home value | $177,900 (±$13,959) | $263,800 (±$29,062) | +48.3% | 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 Inland Township
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Inland Township | — | $80,759 (±$6,944) | — |
| Homestead Township | 5.5 mi | $62,061 (±$10,869) | Lower |
| Green Lake Township | 5.7 mi | $92,784 (±$16,260) | Not measurably different |
| Lake Ann | 5.9 mi | $70,625 (±$38,144) | Not measurably different |
| Colfax Township (Benzie County) | 6.2 mi | $60,250 (±$12,544) | Lower |
| Almira Township | 6.7 mi | $90,278 (±$11,034) | Not measurably different |
| Grant Township (Grand Traverse County) | 7.5 mi | $81,250 (±$18,496) | Not measurably different |
| Honor | 7.6 mi | $45,341 (±$20,941) | Lower |
| Long Lake Township | 7.7 mi | $96,220 (±$5,763) | Higher |
Nearby places with a measurably lower figure: Homestead Township, MI ($62,061), Colfax Township (Benzie County), MI ($60,250), Honor, MI ($45,341).
Nearby places with a measurably higher figure: Long Lake Township, MI ($96,220).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Benzie County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 1 | Gilmore Township (Benzie County) | $103,438 (±$20,573) |
| 2 | Lake Township (Benzie County) | $98,125 (±$20,401) |
| 3 | Platte Township | $91,250 (±$19,799) |
| 4 | Almira Township | $90,278 (±$11,034) |
| 5 | Inland Township | $80,759 (±$6,944) |
| 6 | Blaine Township | $75,313 (±$19,876) |
| 7 | Benzonia Township | $72,500 (±$17,090) |
| 8 | Crystal Lake Township | $69,913 (±$13,390) |
| 9 | Weldon Township | $63,500 (±$11,690) |
| 10 | Homestead Township | $62,061 (±$10,869) |
| 11 | Colfax Township (Benzie County) | $60,250 (±$12,544) |
Showing 11 of 13 places in Benzie 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 Inland Township
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Questions about Inland Township
What is the median household income in Inland Township?
The median household income in Inland Township is $80,759 (±$6,944) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Inland Township?
About $44,500 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,113 a month.
Have incomes in Inland Township kept up with inflation?
In Inland Township, the median household income went from $56,500 in 2015–2019 to $80,759 in 2020–2024 (+42.9%).
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 Inland Township?
The median renting household in Inland Township, MI earns $47,885 (±$42,418) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Inland township, Benzie County, Michigan
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Inland township, Benzie County, Michigan
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Inland township, Benzie County, Michigan
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Inland township, Benzie County, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Inland township, Benzie County, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Inland township, Benzie 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 Inland township, Benzie County, Michigan (county subdivision:40700, in state:26 county:019).
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 Inland Township at a glance
- Renters and owners in Inland Township
- Home values in Inland Township
- Homeowner costs in Inland Township
- Property taxes in Inland Township
- Types of homes in Inland Township
- Bedrooms in Inland Township
- Age of homes in Inland Township
- Heating fuel in Inland Township
- Commute and cars in Inland Township
- Population growth in Inland Township
- How long people stay in Inland Township
- Michigan landlord and tenant rules
- Housing across Benzie County
- Michigan places ranked by median household income
- Housing data for every place in Michigan