What is the median household income in Inwood Township, MI?

Name: Income and affordability in Inwood Township, MI, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median household income in Inwood Township, MI is $64,922 (±$7,894) a year (2020–2024 American Community Survey).

In Inwood Township, the median household income went from $47,961 in 2015–2019 to $64,922 in 2020–2024 (+35.4%).

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 November 12, 2026.

Median household income: $64,922 (±$7,894)
Median renter income: $63,214 (±$40,362)

Income in Inwood Township against Schoolcraft County, its state and the nation

Income, estimate (90% margin of error)
	Inwood Township	Schoolcraft County	Michigan	United States
Median household income	$64,922 (±$7,894)	$56,782 (±$4,076)	$72,875 (±$293)	$80,734
Median renter household income	$63,214 (±$40,362)	$29,737 (±$5,533)	$42,352 (±$376)	$52,966
Median owner household income	$66,406 (±$10,120)	$62,971 (±$5,287)	$87,130 (±$344)	$100,009
Median gross rent	—	$705 (±$85)	$1,129 (±$4)	$1,413

In Inwood Township, median household income is not measurably different from Schoolcraft County ($56,782).

It is also lower than in Michigan ($72,875).

It is lower than the national figure ($80,734).

In Schoolcraft County, Inwood Township ranks 3 of 9 places with a published estimate, from highest to lowest median household income.

Statewide, it ranks 904 of 1,517.

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 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median household income	$47,961 (±$5,783)	$64,922 (±$7,894)	+35.4%	No measurable change after inflation
Median home value	$157,900 (±$17,792)	$229,100 (±$17,145)	+45.1%	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 Inwood Township

Nearest places with a published estimate, compared with Inwood Township
Place	Distance	Median household income	Compared with this place
Inwood Township	—	$64,922 (±$7,894)	—
Thompson Township	10 mi	$82,031 (±$15,442)	Not measurably different
Garden Township	11 mi	$51,838 (±$5,149)	Lower
Hiawatha Township	12 mi	$79,196 (±$12,220)	Not measurably different
Manistique	14 mi	$38,446 (±$5,553)	Lower
Nahma Township	15 mi	$54,205 (±$8,109)	Not measurably different
Manistique Township	15 mi	$52,639 (±$7,750)	Lower
Doyle Township	20 mi	$62,632 (±$7,866)	Not measurably different
Masonville Township	21 mi	$78,984 (±$8,417)	Higher

Nearby places with a measurably lower figure: Garden Township, MI ($51,838), Manistique, MI ($38,446), Manistique Township, MI ($52,639).

Nearby places with a measurably higher figure: Masonville Township, MI ($78,984).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median household income across Schoolcraft County, place by place

Rank	Place	Median household income
1	Thompson Township	$82,031 (±$15,442)
2	Hiawatha Township	$79,196 (±$12,220)
3	Inwood Township	$64,922 (±$7,894)
4	Mueller Township	$63,472 (±$10,595)
5	Doyle Township	$62,632 (±$7,866)
6	Germfask Township	$57,500 (±$57,032)
7	Seney Township	$53,882 (±$1,257)
8	Manistique Township	$52,639 (±$7,750)
9	Manistique	$38,446 (±$5,553)

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 Inwood Township

What is the median household income in Inwood Township?

The median household income in Inwood Township is $64,922 (±$7,894) a year (2020–2024 American Community Survey).

Have incomes in Inwood Township kept up with inflation?

In Inwood Township, the median household income went from $47,961 in 2015–2019 to $64,922 in 2020–2024 (+35.4%).

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 Inwood Township?

The median renting household in Inwood Township, MI earns $63,214 (±$40,362) a year.

Sources

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 Inwood township, Schoolcraft County, Michigan (county subdivision:40840, in state:26 county:153).

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.

Request a Census API 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.