What is the median household income in Lake Township (Lake County), MI?
The median household income in Lake Township (Lake County), MI is $52,008 (±$5,518) a year (2020–2024 American Community Survey).
In Lake Township (Lake County), the median household income went from $52,742 in 2015–2019 to $52,008 in 2020–2024 (−1.4%).
Prices (CPI-U) rose 22.7% over the same years, so it fell after inflation as well.
Figures last updated on .
- Median household income
- $52,008 (±$5,518)
Income in Lake Township (Lake County) against Lake County, its state and the nation
| Lake Township (Lake County) | Lake County | Michigan | United States | |
|---|---|---|---|---|
| Median household income | $52,008 (±$5,518) | $50,805 (±$2,404) | $72,875 (±$293) | $80,734 |
| Median renter household income | — | $30,114 (±$11,641) | $42,352 (±$376) | $52,966 |
| Median owner household income | $51,970 (±$5,427) | $54,121 (±$3,691) | $87,130 (±$344) | $100,009 |
| Median gross rent | — | $875 (±$90) | $1,129 (±$4) | $1,413 |
In Lake Township (Lake County), median household income is not measurably different from Lake County ($50,805).
It is also lower than in Michigan ($72,875).
It is lower than the national figure ($80,734).
In Lake County, Lake Township (Lake County) ranks 10 of 15 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 1321 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 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $52,742 (±$4,092) | $52,008 (±$5,518) | −1.4% | Down after inflation |
| Median home value | $111,000 (±$31,112) | $169,800 (±$25,454) | +53.0% | 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 Lake Township (Lake County)
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Lake Township (Lake County) | — | $52,008 (±$5,518) | — |
| Sweetwater Township | 5.2 mi | $50,833 (±$7,672) | Not measurably different |
| Troy Township | 5.7 mi | $46,250 (±$12,119) | Not measurably different |
| Pleasant Plains Township | 5.9 mi | $33,269 (±$8,402) | Lower |
| Baldwin | 6.8 mi | $25,250 (±$4,239) | Lower |
| Logan Township (Mason County) | 6.9 mi | $58,125 (±$13,674) | Not measurably different |
| Branch Township | 8.4 mi | $61,886 (±$2,660) | Higher |
| Colfax Township (Oceana County) | 8.6 mi | $77,500 (±$28,725) | Not measurably different |
| Lilley Township | 8.6 mi | $41,806 (±$14,530) | Not measurably different |
Nearby places with a measurably lower figure: Pleasant Plains Township, MI ($33,269), Baldwin, MI ($25,250).
Nearby places with a measurably higher figure: Branch Township, MI ($61,886).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Lake County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 4 | Elk Township (Lake County) | $56,438 (±$5,957) |
| 5 | Newkirk Township | $56,268 (±$1,064) |
| 6 | Dover Township (Lake County) | $55,714 (±$9,618) |
| 7 | Cherry Valley Township | $53,750 (±$15,695) |
| 8 | Ellsworth Township | $53,333 (±$11,984) |
| 9 | Peacock Township | $52,679 (±$20,726) |
| 10 | Lake Township (Lake County) | $52,008 (±$5,518) |
| 11 | Sweetwater Township | $50,833 (±$7,672) |
| 12 | Webber Township | $46,286 (±$11,431) |
| 13 | Sauble Township | $37,500 (±$6,392) |
| 14 | Pleasant Plains Township | $33,269 (±$8,402) |
| 15 | Yates Township | $30,000 (±$11,845) |
Showing 12 of 15 places in Lake 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.
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Questions about Lake Township (Lake County)
What is the median household income in Lake Township (Lake County)?
The median household income in Lake Township (Lake County) is $52,008 (±$5,518) a year (2020–2024 American Community Survey).
Have incomes in Lake Township (Lake County) kept up with inflation?
In Lake Township (Lake County), the median household income went from $52,742 in 2015–2019 to $52,008 in 2020–2024 (−1.4%).
Prices (CPI-U) rose 22.7% over the same years, so it fell after inflation as well.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Lake township, Lake County, Michigan
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Lake township, Lake County, Michigan
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Lake township, Lake County, Michigan
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Lake township, Lake County, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Lake township, Lake County, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Lake township, Lake 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 Lake township, Lake County, Michigan (county subdivision:44320, in state:26 county:085).
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 Lake Township (Lake County) at a glance
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- Michigan landlord and tenant rules
- Housing across Lake County
- Michigan places ranked by median household income
- Housing data for every place in Michigan