What is the median household income in Lyon Township, MI?
The median household income in Lyon Township, MI is $68,472 (±$14,942) a year (2020–2024 American Community Survey).
Paying the median gross rent of $867 a month would take about $34,700 a year at the common guideline of spending no more than 30% of income on rent.
In Lyon Township, the median household income went from $52,974 in 2015–2019 to $68,472 in 2020–2024 (+29.3%).
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
- $68,472 (±$14,942)
- Median renter income
- $49,167 (±$10,251)
- Income to afford median rent
- about $34,700
Income in Lyon Township against Roscommon County, its state and the nation
| Lyon Township | Roscommon County | Michigan | United States | |
|---|---|---|---|---|
| Median household income | $68,472 (±$14,942) | $55,246 (±$2,903) | $72,875 (±$293) | $80,734 |
| Median renter household income | $49,167 (±$10,251) | $33,069 (±$5,359) | $42,352 (±$376) | $52,966 |
| Median owner household income | $75,246 (±$15,574) | $62,062 (±$3,102) | $87,130 (±$344) | $100,009 |
| Median gross rent | $867 (±$382) | $816 (±$38) | $1,129 (±$4) | $1,413 |
In Lyon Township, median household income is not measurably different from Roscommon County ($55,246).
It is not measurably different from Michigan ($72,875).
It is not measurably different from the national figure ($80,734).
In Roscommon County, Lyon Township ranks 2 of 11 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 787 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 Lyon 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 $867 a month ($10,404 a year) needs an income of about $34,700 a year.
The median renting household in Lyon Township earns $49,167 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 | $52,974 (±$3,989) | $68,472 (±$14,942) | +29.3% | No measurable change after inflation |
| Median gross rent | $1,048 (±$738) | $867 (±$382) | −17.3% | No measurable change after inflation |
| Median home value | $130,200 (±$11,847) | $211,100 (±$30,196) | +62.1% | 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 Lyon Township
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Lyon Township | — | $68,472 (±$14,942) | — |
| Gerrish Township | 6.1 mi | $95,813 (±$17,150) | Higher |
| Lake Township (Roscommon County) | 6.2 mi | $63,295 (±$13,206) | Not measurably different |
| Beaver Creek Township | 7.5 mi | $61,121 (±$8,404) | Not measurably different |
| Enterprise Township | 8.2 mi | $47,000 (±$18,406) | Not measurably different |
| Markey Township | 8.4 mi | $51,587 (±$10,010) | Not measurably different |
| Norwich Township (Missaukee County) | 9.2 mi | $58,750 (±$12,350) | Not measurably different |
| Roscommon | 10 mi | $54,167 (±$16,642) | Not measurably different |
| Houghton Lake | 12 mi | $50,305 (±$4,780) | Lower |
Nearby places with a measurably lower figure: Houghton Lake, MI ($50,305).
Nearby places with a measurably higher figure: Gerrish Township, MI ($95,813).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Roscommon County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 1 | Gerrish Township | $95,813 (±$17,150) |
| 2 | Lyon Township | $68,472 (±$14,942) |
| 3 | Nester Township | $63,750 (±$44,490) |
| 4 | Lake Township (Roscommon County) | $63,295 (±$13,206) |
| 5 | Backus Township | $62,500 (±$14,905) |
| 6 | Au Sable Township | $61,250 (±$27,239) |
| 7 | Higgins Township | $55,313 (±$11,994) |
| 8 | Roscommon Township | $53,186 (±$5,510) |
Showing 8 of 11 places in Roscommon 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 Lyon Township
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Questions about Lyon Township
What is the median household income in Lyon Township?
The median household income in Lyon Township is $68,472 (±$14,942) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Lyon Township?
About $34,700 a year, if rent is to stay at or below 30% of income at the median gross rent of $867 a month.
Have incomes in Lyon Township kept up with inflation?
In Lyon Township, the median household income went from $52,974 in 2015–2019 to $68,472 in 2020–2024 (+29.3%).
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 Lyon Township?
The median renting household in Lyon Township, MI earns $49,167 (±$10,251) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Lyon township, Roscommon County, Michigan
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Lyon township, Roscommon County, Michigan
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Lyon township, Roscommon County, Michigan
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Lyon township, Roscommon County, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Lyon township, Roscommon County, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Lyon township, Roscommon 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 Lyon township, Roscommon County, Michigan (county subdivision:49840, in state:26 county:143).
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 Lyon Township at a glance
- Renters and owners in Lyon Township
- Home values in Lyon Township
- Homeowner costs in Lyon Township
- Property taxes in Lyon Township
- Types of homes in Lyon Township
- Bedrooms in Lyon Township
- Age of homes in Lyon Township
- Heating fuel in Lyon Township
- Commute and cars in Lyon Township
- Population growth in Lyon Township
- How long people stay in Lyon Township
- Michigan landlord and tenant rules
- Housing across Roscommon County
- Michigan places ranked by median household income
- Housing data for every place in Michigan