What is the median household income in Monterey Township, MI?

The median household income in Monterey Township, MI is $91,207 (±$23,582) a year (2020–2024 American Community Survey).

Paying the median gross rent of $1,338 a month would take about $53,500 a year at the common guideline of spending no more than 30% of income on rent.

In Monterey Township, the median household income went from $67,303 in 2015–2019 to $91,207 in 2020–2024 (+35.5%).

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
$91,207 (±$23,582)
Median renter income
$61,304 (±$32,415)
Income to afford median rent
about $53,500

Income in Monterey Township against Allegan County, its state and the nation

Income, estimate (90% margin of error)
Monterey TownshipAllegan CountyMichiganUnited States
Median household income$91,207 (±$23,582)$83,283 (±$2,480)$72,875 (±$293)$80,734
Median renter household income$61,304 (±$32,415)$42,221 (±$4,567)$42,352 (±$376)$52,966
Median owner household income$98,125 (±$22,824)$88,473 (±$2,527)$87,130 (±$344)$100,009
Median gross rent$1,338 (±$428)$1,100 (±$40)$1,129 (±$4)$1,413

In Monterey Township, median household income is not measurably different from Allegan County ($83,283).

It is not measurably different from Michigan ($72,875).

It is not measurably different from the national figure ($80,734).

In Allegan County, Monterey Township ranks 9 of 31 places with a published estimate, from highest to lowest median household income.

Statewide, it ranks 257 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 Monterey 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 $1,338 a month ($16,056 a year) needs an income of about $53,500 a year.

The median renting household in Monterey Township earns $61,304 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 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Median household income$67,303 (±$9,182)$91,207 (±$23,582)+35.5%No measurable change after inflation
Median gross rent$1,059 (±$149)$1,338 (±$428)+26.3%No measurable change after inflation
Median home value$146,900 (±$13,178)$186,500 (±$64,005)+27.0%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 Monterey Township

Nearest places with a published estimate, compared with Monterey Township
PlaceDistanceMedian household incomeCompared with this place
Monterey Township—$91,207 (±$23,582)—
Hopkins3.4 mi$75,417 (±$16,075)Not measurably different
Allegan Township5.2 mi$88,917 (±$10,004)Not measurably different
Heath Township5.8 mi$105,491 (±$14,923)Not measurably different
Hopkins Township5.9 mi$88,825 (±$5,035)Not measurably different
Salem Township (Allegan County)6.0 mi$89,034 (±$20,232)Not measurably different
Allegan7.1 mi$52,925 (±$15,873)Lower
Valley Township7.9 mi$87,100 (±$21,344)Not measurably different
Watson Township8.0 mi$65,469 (±$11,517)Not measurably different

Nearby places with a measurably lower figure: Allegan, MI ($52,925).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median household income across Allegan County, place by place

RankPlaceMedian household income
3Leighton Township$103,888 (±$15,977)
4Overisel Township$101,331 (±$6,077)
5Dorr Township$97,542 (±$16,266)
6Saugatuck Township$93,618 (±$20,041)
7Laketown Township$91,989 (±$15,631)
8Wayland Township$91,383 (±$18,180)
9Monterey Township$91,207 (±$23,582)
10Fillmore Township$90,142 (±$15,827)
11Gun Plain Township$89,346 (±$12,720)
12Salem Township (Allegan County)$89,034 (±$20,232)
13Allegan Township$88,917 (±$10,004)
14Hopkins Township$88,825 (±$5,035)
15Manlius Township$88,646 (±$11,219)

Showing 13 of 31 places in Allegan 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 Monterey Township

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Questions about Monterey Township

What is the median household income in Monterey Township?

The median household income in Monterey Township is $91,207 (±$23,582) a year (2020–2024 American Community Survey).

How much do you need to make to afford rent in Monterey Township?

About $53,500 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,338 a month.

Have incomes in Monterey Township kept up with inflation?

In Monterey Township, the median household income went from $67,303 in 2015–2019 to $91,207 in 2020–2024 (+35.5%).

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 Monterey Township?

The median renting household in Monterey Township, MI earns $61,304 (±$32,415) a year.

Sources

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 Monterey township, Allegan County, Michigan (county subdivision:55200, in state:26 county:005).

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.

Request a Census API 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 .

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