What is the median household income in Melrose Township, MI?
The median household income in Melrose Township, MI is $97,059 (±$10,541) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,750 a month would take about $70,000 a year at the common guideline of spending no more than 30% of income on rent.
In Melrose Township, the median household income went from $60,714 in 2015–2019 to $97,059 in 2020–2024 (+59.9%).
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
- $97,059 (±$10,541)
- Median renter income
- $73,750 (±$21,894)
- Income to afford median rent
- about $70,000
Income in Melrose Township against Charlevoix County, its state and the nation
| Melrose Township | Charlevoix County | Michigan | United States | |
|---|---|---|---|---|
| Median household income | $97,059 (±$10,541) | $76,531 (±$3,028) | $72,875 (±$293) | $80,734 |
| Median renter household income | $73,750 (±$21,894) | $41,292 (±$4,900) | $42,352 (±$376) | $52,966 |
| Median owner household income | $98,500 (±$7,485) | $86,478 (±$2,977) | $87,130 (±$344) | $100,009 |
| Median gross rent | $1,750 (±$691) | $949 (±$55) | $1,129 (±$4) | $1,413 |
In Melrose Township, median household income is higher than in Charlevoix County ($76,531).
It is also higher than in Michigan ($72,875).
It is higher than the national figure ($80,734).
In Charlevoix County, Melrose Township ranks 3 of 18 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 184 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 Melrose 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 $1,750 a month ($21,000 a year) needs an income of about $70,000 a year.
The median renting household in Melrose Township earns $73,750 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 | $60,714 (±$6,926) | $97,059 (±$10,541) | +59.9% | Up after inflation |
| Median gross rent | $812 (±$124) | $1,750 (±$691) | +115.5% | Up after inflation |
| Median home value | $151,100 (±$16,630) | $262,600 (±$22,835) | +73.8% | 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 Melrose Township
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Melrose Township | — | $97,059 (±$10,541) | — |
| Boyne Falls | 5.0 mi | $62,159 (±$12,589) | Lower |
| Boyne City | 5.1 mi | $64,855 (±$7,815) | Lower |
| Evangeline Township | 5.4 mi | $77,938 (±$6,546) | Lower |
| Chandler Township (Charlevoix County) | 6.5 mi | $77,614 (±$24,733) | Not measurably different |
| Boyne Valley Township | 6.8 mi | $76,653 (±$10,367) | Lower |
| Wilson Township (Charlevoix County) | 7.6 mi | $94,844 (±$21,519) | Not measurably different |
| Bay Township | 7.7 mi | $80,833 (±$9,968) | Lower |
| Bear Creek Township | 7.8 mi | $71,090 (±$13,375) | Lower |
Nearby places with a measurably lower figure: Boyne Falls, MI ($62,159), Boyne City, MI ($64,855), Evangeline Township, MI ($77,938).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Charlevoix County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 1 | Eveline Township | $101,964 (±$12,137) |
| 2 | Marion Township (Charlevoix County) | $99,417 (±$12,761) |
| 3 | Melrose Township | $97,059 (±$10,541) |
| 4 | Wilson Township (Charlevoix County) | $94,844 (±$21,519) |
| 5 | Peaine Township | $84,688 (±$15,424) |
| 6 | Norwood Township | $84,375 (±$17,481) |
| 7 | South Arm Township | $84,107 (±$4,836) |
| 8 | Hayes Township (Charlevoix County) | $82,083 (±$14,569) |
| 9 | Bay Township | $80,833 (±$9,968) |
Showing 9 of 18 places in Charlevoix 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 Melrose Township
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Questions about Melrose Township
What is the median household income in Melrose Township?
The median household income in Melrose Township is $97,059 (±$10,541) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Melrose Township?
About $70,000 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,750 a month.
Have incomes in Melrose Township kept up with inflation?
In Melrose Township, the median household income went from $60,714 in 2015–2019 to $97,059 in 2020–2024 (+59.9%).
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 Melrose Township?
The median renting household in Melrose Township, MI earns $73,750 (±$21,894) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Melrose township, Charlevoix County, Michigan
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Melrose township, Charlevoix County, Michigan
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Melrose township, Charlevoix County, Michigan
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Melrose township, Charlevoix County, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Melrose township, Charlevoix County, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Melrose township, Charlevoix 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 Melrose township, Charlevoix County, Michigan (county subdivision:52880, in state:26 county:029).
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 Melrose Township at a glance
- Home values in Melrose Township
- Homeowner costs in Melrose Township
- Property taxes in Melrose Township
- Types of homes in Melrose Township
- Bedrooms in Melrose Township
- Age of homes in Melrose Township
- Heating fuel in Melrose Township
- Commute and cars in Melrose Township
- Population growth in Melrose Township
- How long people stay in Melrose Township
- Fair Market Rent in Melrose Township
- Michigan landlord and tenant rules
- Housing across Charlevoix County
- Michigan places ranked by median household income
- Housing data for every place in Michigan