What is the median household income in Ishpeming Township, MI?
The median household income in Ishpeming Township, MI is $94,271 (±$25,585) a year (2020–2024 American Community Survey).
Paying the median gross rent of $797 a month would take about $31,900 a year at the common guideline of spending no more than 30% of income on rent.
In Ishpeming Township, the median household income went from $67,820 in 2015–2019 to $94,271 in 2020–2024 (+39.0%).
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
- $94,271 (±$25,585)
- Median renter income
- $57,902 (±$2,515)
- Income to afford median rent
- about $31,900
Income in Ishpeming Township against Marquette County, its state and the nation
| Ishpeming Township | Marquette County | Michigan | United States | |
|---|---|---|---|---|
| Median household income | $94,271 (±$25,585) | $65,429 (±$2,954) | $72,875 (±$293) | $80,734 |
| Median renter household income | $57,902 (±$2,515) | $34,068 (±$2,258) | $42,352 (±$376) | $52,966 |
| Median owner household income | $110,221 (±$26,838) | $84,741 (±$2,462) | $87,130 (±$344) | $100,009 |
| Median gross rent | $797 (±$353) | $949 (±$39) | $1,129 (±$4) | $1,413 |
In Ishpeming Township, median household income is higher than in Marquette County ($65,429).
It is not measurably different from Michigan ($72,875).
It is not measurably different from the national figure ($80,734).
In Marquette County, Ishpeming Township ranks 3 of 22 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 217 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 Ishpeming 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 $797 a month ($9,564 a year) needs an income of about $31,900 a year.
The median renting household in Ishpeming Township earns $57,902 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 | $67,820 (±$10,936) | $94,271 (±$25,585) | +39.0% | No measurable change after inflation |
| Median gross rent | $713 (±$143) | $797 (±$353) | +11.8% | No measurable change after inflation |
| Median home value | $143,000 (±$29,423) | $206,400 (±$18,042) | +44.3% | No measurable change 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 Ishpeming Township
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Ishpeming Township | — | $94,271 (±$25,585) | — |
| Champion Township | 7.1 mi | $56,250 (±$40,046) | Not measurably different |
| Marquette Charter Township | 8.5 mi | $57,983 (±$13,476) | Lower |
| Negaunee Township | 8.6 mi | $97,955 (±$7,122) | Not measurably different |
| Negaunee | 10 mi | $70,568 (±$13,925) | Not measurably different |
| Ishpeming | 11 mi | $52,754 (±$4,545) | Lower |
| Trowbridge Park | 13 mi | $50,125 (±$19,490) | Lower |
| Michigamme Township | 14 mi | $57,321 (±$7,714) | Lower |
| Marquette | 15 mi | $55,613 (±$4,562) | Lower |
Nearby places with a measurably lower figure: Marquette Charter Township, MI ($57,983), Ishpeming, MI ($52,754), Trowbridge Park, MI ($50,125).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Marquette County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 1 | Ely Township | $100,104 (±$12,879) |
| 2 | Negaunee Township | $97,955 (±$7,122) |
| 3 | Ishpeming Township | $94,271 (±$25,585) |
| 4 | Sands Township | $87,443 (±$5,860) |
| 5 | Chocolay Charter Township | $87,167 (±$12,200) |
| 6 | Ewing Township | $86,250 (±$40,730) |
| 7 | Humboldt Township | $76,010 (±$2,893) |
| 8 | Negaunee | $70,568 (±$13,925) |
| 9 | Skandia Township | $69,485 (±$8,005) |
Showing 9 of 22 places in Marquette County, ranked from highest to lowest.
The figures for Ishpeming Township include the places inside it that have pages of their own: West Ishpeming.
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 Ishpeming Township
What is the median household income in Ishpeming Township?
The median household income in Ishpeming Township is $94,271 (±$25,585) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Ishpeming Township?
About $31,900 a year, if rent is to stay at or below 30% of income at the median gross rent of $797 a month.
Have incomes in Ishpeming Township kept up with inflation?
In Ishpeming Township, the median household income went from $67,820 in 2015–2019 to $94,271 in 2020–2024 (+39.0%).
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 Ishpeming Township?
The median renting household in Ishpeming Township, MI earns $57,902 (±$2,515) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Ishpeming township, Marquette County, Michigan
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Ishpeming township, Marquette County, Michigan
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Ishpeming township, Marquette County, Michigan
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Ishpeming township, Marquette County, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Ishpeming township, Marquette County, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Ishpeming township, Marquette 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 Ishpeming township, Marquette County, Michigan (county subdivision:41240, in state:26 county:103).
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 Ishpeming Township at a glance
- Median rent in Ishpeming Township
- Home values in Ishpeming Township
- Homeowner costs in Ishpeming Township
- Property taxes in Ishpeming Township
- Types of homes in Ishpeming Township
- Bedrooms in Ishpeming Township
- Age of homes in Ishpeming Township
- Heating fuel in Ishpeming Township
- Commute and cars in Ishpeming Township
- Crime reported to police in Ishpeming Township
- Population growth in Ishpeming Township
- How long people stay in Ishpeming Township
- Michigan landlord and tenant rules
- Housing across Marquette County
- Michigan places ranked by median household income
- Housing data for every place in Michigan