What is the median household income in Lake Township (Missaukee County), MI?
The median household income in Lake Township (Missaukee County), MI is $72,917 (±$6,076) a year (2020–2024 American Community Survey).
Paying the median gross rent of $800 a month would take about $32,000 a year at the common guideline of spending no more than 30% of income on rent.
In Lake Township (Missaukee County), the median household income went from $51,528 in 2015–2019 to $72,917 in 2020–2024 (+41.5%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
Figures last updated on .
- Median household income
- $72,917 (±$6,076)
- Median renter income
- $35,625 (±$18,326)
- Income to afford median rent
- about $32,000
Income in Lake Township (Missaukee County) against Missaukee County, its state and the nation
| Lake Township (Missaukee County) | Missaukee County | Michigan | United States | |
|---|---|---|---|---|
| Median household income | $72,917 (±$6,076) | $66,194 (±$5,534) | $72,875 (±$293) | $80,734 |
| Median renter household income | $35,625 (±$18,326) | $35,909 (±$2,692) | $42,352 (±$376) | $52,966 |
| Median owner household income | $77,831 (±$5,509) | $72,458 (±$3,185) | $87,130 (±$344) | $100,009 |
| Median gross rent | $800 (±$122) | $891 (±$57) | $1,129 (±$4) | $1,413 |
In Lake Township (Missaukee County), median household income is not measurably different from Missaukee County ($66,194).
It is not measurably different from Michigan ($72,875).
It is lower than the national figure ($80,734).
In Missaukee County, Lake Township (Missaukee County) ranks 4 of 17 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 643 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 Lake Township (Missaukee County)
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 $800 a month ($9,600 a year) needs an income of about $32,000 a year.
The median renting household in Lake Township (Missaukee County) earns $35,625 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 | $51,528 (±$2,851) | $72,917 (±$6,076) | +41.5% | Up after inflation |
| Median gross rent | $817 (±$90) | $800 (±$122) | −2.1% | Down after inflation |
| Median home value | $139,400 (±$11,769) | $230,300 (±$50,349) | +65.2% | 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 Lake Township (Missaukee County)
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Lake Township (Missaukee County) | — | $72,917 (±$6,076) | — |
| Lake City | 4.3 mi | $74,583 (±$12,805) | Not measurably different |
| Caldwell Township | 5.0 mi | $54,250 (±$7,621) | Lower |
| Haring Charter Township | 5.6 mi | $74,563 (±$19,609) | Not measurably different |
| Richland Township (Missaukee County) | 6.3 mi | $88,295 (±$14,795) | Not measurably different |
| Reeder Township | 6.8 mi | $69,000 (±$11,648) | Not measurably different |
| Cedar Creek Township (Wexford County) | 8.0 mi | $66,667 (±$15,740) | Not measurably different |
| McBain | 8.1 mi | $47,083 (±$18,044) | Lower |
| Cadillac | 8.2 mi | $51,773 (±$3,850) | Lower |
Nearby places with a measurably lower figure: Caldwell Township, MI ($54,250), McBain, MI ($47,083), Cadillac, MI ($51,773).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Missaukee County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 1 | Richland Township (Missaukee County) | $88,295 (±$14,795) |
| 2 | Lake City | $74,583 (±$12,805) |
| 3 | Bloomfield Township (Missaukee County) | $73,295 (±$9,026) |
| 4 | Lake Township (Missaukee County) | $72,917 (±$6,076) |
| 5 | Riverside Township | $72,188 (±$14,218) |
| 6 | Reeder Township | $69,000 (±$11,648) |
| 7 | Aetna Township (Missaukee County) | $61,250 (±$11,877) |
| 8 | West Branch Township (Missaukee County) | $58,917 (±$4,410) |
| 9 | Norwich Township (Missaukee County) | $58,750 (±$12,350) |
| 10 | Caldwell Township | $54,250 (±$7,621) |
Showing 10 of 17 places in Missaukee 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 Lake Township (Missaukee County)
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 Lake Township (Missaukee County) beside you.
Create a landlord account · See what landlords get
Looking for a place to rent?
Browse homes for rent near Lake Township (Missaukee County), 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 Lake Township (Missaukee County), and send estimates and invoices from your phone.
Questions about Lake Township (Missaukee County)
What is the median household income in Lake Township (Missaukee County)?
The median household income in Lake Township (Missaukee County) is $72,917 (±$6,076) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Lake Township (Missaukee County)?
About $32,000 a year, if rent is to stay at or below 30% of income at the median gross rent of $800 a month.
Have incomes in Lake Township (Missaukee County) kept up with inflation?
In Lake Township (Missaukee County), the median household income went from $51,528 in 2015–2019 to $72,917 in 2020–2024 (+41.5%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
What do renters earn in Lake Township (Missaukee County)?
The median renting household in Lake Township (Missaukee County), MI earns $35,625 (±$18,326) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Lake township, Missaukee County, Michigan
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Lake township, Missaukee County, Michigan
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Lake township, Missaukee County, Michigan
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Lake township, Missaukee County, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Lake township, Missaukee County, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Lake township, Missaukee 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, Missaukee County, Michigan (county subdivision:44380, in state:26 county:113).
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 (Missaukee County) at a glance
- Median rent in Lake Township (Missaukee County)
- Renters and owners in Lake Township (Missaukee County)
- Home values in Lake Township (Missaukee County)
- Homeowner costs in Lake Township (Missaukee County)
- Property taxes in Lake Township (Missaukee County)
- Types of homes in Lake Township (Missaukee County)
- Bedrooms in Lake Township (Missaukee County)
- Age of homes in Lake Township (Missaukee County)
- Heating fuel in Lake Township (Missaukee County)
- Commute and cars in Lake Township (Missaukee County)
- Population growth in Lake Township (Missaukee County)
- How long people stay in Lake Township (Missaukee County)
- Michigan landlord and tenant rules
- Housing across Missaukee County
- Michigan places ranked by median household income
- Housing data for every place in Michigan