What is the median household income in Leelanau Township, MI?
The median household income in Leelanau Township, MI is $119,044 (±$10,415) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,058 a month would take about $42,300 a year at the common guideline of spending no more than 30% of income on rent.
In Leelanau Township, the median household income went from $55,517 in 2015–2019 to $119,044 in 2020–2024 (+114.4%).
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
- $119,044 (±$10,415)
- Median renter income
- $72,292 (±$51,952)
- Income to afford median rent
- about $42,300
Income in Leelanau Township against Leelanau County, its state and the nation
| Leelanau Township | Leelanau County | Michigan | United States | |
|---|---|---|---|---|
| Median household income | $119,044 (±$10,415) | $99,422 (±$6,699) | $72,875 (±$293) | $80,734 |
| Median renter household income | $72,292 (±$51,952) | $61,583 (±$9,256) | $42,352 (±$376) | $52,966 |
| Median owner household income | $119,706 (±$10,421) | $103,036 (±$4,490) | $87,130 (±$344) | $100,009 |
| Median gross rent | $1,058 (±$127) | $1,228 (±$90) | $1,129 (±$4) | $1,413 |
In Leelanau Township, median household income is higher than in Leelanau County ($99,422).
It is also higher than in Michigan ($72,875).
It is higher than the national figure ($80,734).
In Leelanau County, Leelanau Township ranks 1 of 11 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 52 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 Leelanau 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 $1,058 a month ($12,696 a year) needs an income of about $42,300 a year.
The median renting household in Leelanau Township earns $72,292 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 | $55,517 (±$6,290) | $119,044 (±$10,415) | +114.4% | Up after inflation |
| Median gross rent | $1,070 (±$235) | $1,058 (±$127) | −1.1% | No measurable change after inflation |
| Median home value | $298,000 (±$59,046) | $569,400 (±$81,983) | +91.1% | 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 Leelanau Township
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Leelanau Township | — | $119,044 (±$10,415) | — |
| Suttons Bay Township | 11 mi | $115,769 (±$17,186) | Not measurably different |
| Suttons Bay | 12 mi | $125,357 (±$27,796) | Not measurably different |
| Norwood Township | 14 mi | $84,375 (±$17,481) | Lower |
| Banks Township | 15 mi | $71,326 (±$4,065) | Lower |
| Torch Lake Township (Antrim County) | 15 mi | $89,485 (±$10,214) | Lower |
| Central Lake Township | 17 mi | $69,891 (±$4,972) | Lower |
| Bingham Township (Leelanau County) | 17 mi | $93,594 (±$7,677) | Lower |
| Ellsworth | 18 mi | $61,000 (±$31,891) | Lower |
Nearby places with a measurably lower figure: Norwood Township, MI ($84,375), Banks Township, MI ($71,326), Torch Lake Township (Antrim County), MI ($89,485).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Leelanau County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 1 | Leelanau Township | $119,044 (±$10,415) |
| 2 | Suttons Bay Township | $115,769 (±$17,186) |
| 3 | Glen Arbor Township | $109,500 (±$14,663) |
| 4 | Centerville Township | $98,281 (±$11,515) |
| 5 | Solon Township (Leelanau County) | $96,833 (±$7,882) |
| 6 | Empire Township | $94,821 (±$14,428) |
| 7 | Elmwood Charter Township | $94,417 (±$22,088) |
Showing 7 of 11 places in Leelanau County, ranked from highest to lowest.
The figures for Leelanau Township include the places inside it that have pages of their own: Northport.
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 Leelanau Township
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Questions about Leelanau Township
What is the median household income in Leelanau Township?
The median household income in Leelanau Township is $119,044 (±$10,415) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Leelanau Township?
About $42,300 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,058 a month.
Have incomes in Leelanau Township kept up with inflation?
In Leelanau Township, the median household income went from $55,517 in 2015–2019 to $119,044 in 2020–2024 (+114.4%).
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 Leelanau Township?
The median renting household in Leelanau Township, MI earns $72,292 (±$51,952) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Leelanau township, Leelanau County, Michigan
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Leelanau township, Leelanau County, Michigan
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Leelanau township, Leelanau County, Michigan
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Leelanau township, Leelanau County, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Leelanau township, Leelanau County, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Leelanau township, Leelanau 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 Leelanau township, Leelanau County, Michigan (county subdivision:46700, in state:26 county:089).
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 Leelanau Township at a glance
- Home values in Leelanau Township
- Homeowner costs in Leelanau Township
- Property taxes in Leelanau Township
- Types of homes in Leelanau Township
- Bedrooms in Leelanau Township
- Age of homes in Leelanau Township
- Heating fuel in Leelanau Township
- Commute and cars in Leelanau Township
- Population growth in Leelanau Township
- Michigan landlord and tenant rules
- Housing across Leelanau County
- Michigan places ranked by median household income
- Housing data for every place in Michigan