What is the median household income in Newfield Township, MI?
The median household income in Newfield Township, MI is $62,391 (±$13,452) a year (2020–2024 American Community Survey).
Paying the median gross rent of $920 a month would take about $36,800 a year at the common guideline of spending no more than 30% of income on rent.
In Newfield Township, the median household income went from $50,256 in 2015–2019 to $62,391 in 2020–2024 (+24.1%).
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
- $62,391 (±$13,452)
- Median renter income
- $35,750 (±$9,893)
- Income to afford median rent
- about $36,800
Income in Newfield Township against Oceana County, its state and the nation
| Newfield Township | Oceana County | Michigan | United States | |
|---|---|---|---|---|
| Median household income | $62,391 (±$13,452) | $62,417 (±$3,332) | $72,875 (±$293) | $80,734 |
| Median renter household income | $35,750 (±$9,893) | $36,368 (±$2,479) | $42,352 (±$376) | $52,966 |
| Median owner household income | $70,764 (±$7,599) | $69,813 (±$2,806) | $87,130 (±$344) | $100,009 |
| Median gross rent | $920 (±$199) | $759 (±$41) | $1,129 (±$4) | $1,413 |
In Newfield Township, median household income is not measurably different from Oceana County ($62,417).
It is not measurably different from Michigan ($72,875).
It is lower than the national figure ($80,734).
In Oceana County, Newfield Township ranks 9 of 17 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 987 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 Newfield 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 $920 a month ($11,040 a year) needs an income of about $36,800 a year.
The median renting household in Newfield Township earns $35,750 a year, less than that.
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 | $50,256 (±$5,037) | $62,391 (±$13,452) | +24.1% | No measurable change after inflation |
| Median gross rent | $832 (±$150) | $920 (±$199) | +10.6% | No measurable change after inflation |
| Median home value | $95,000 (±$7,665) | $170,200 (±$11,544) | +79.2% | 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 Newfield Township
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Newfield Township | — | $62,391 (±$13,452) | — |
| Ferry Township | 5.5 mi | $54,601 (±$10,873) | Not measurably different |
| Leavitt Township | 6.0 mi | $52,679 (±$10,084) | Not measurably different |
| Denver Township (Newaygo County) | 6.3 mi | $41,735 (±$6,607) | Lower |
| Greenwood Township (Oceana County) | 6.9 mi | $54,375 (±$13,062) | Not measurably different |
| Walkerville | 7.8 mi | $33,750 (±$11,848) | Lower |
| Elbridge Township | 8.0 mi | $80,833 (±$30,318) | Not measurably different |
| Otto Township | 8.4 mi | $69,583 (±$15,706) | Not measurably different |
| Dayton Township (Newaygo County) | 8.5 mi | $81,635 (±$10,822) | Higher |
Nearby places with a measurably lower figure: Denver Township (Newaygo County), MI ($41,735), Walkerville, MI ($33,750).
Nearby places with a measurably higher figure: Dayton Township (Newaygo County), MI ($81,635).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Oceana County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 3 | Benona Township | $77,632 (±$29,666) |
| 4 | Colfax Township (Oceana County) | $77,500 (±$28,725) |
| 5 | Otto Township | $69,583 (±$15,706) |
| 6 | Claybanks Township | $68,281 (±$9,856) |
| 7 | Shelby Township | $67,736 (±$5,800) |
| 8 | Golden Township | $67,426 (±$9,057) |
| 9 | Newfield Township | $62,391 (±$13,452) |
| 10 | Hart Township | $59,821 (±$8,187) |
| 11 | Grant Township (Oceana County) | $57,625 (±$10,525) |
| 12 | Weare Township | $55,114 (±$13,047) |
| 13 | Ferry Township | $54,601 (±$10,873) |
| 14 (tie) | Crystal Township (Oceana County) | $54,375 (±$10,784) |
| 14 (tie) | Greenwood Township (Oceana County) | $54,375 (±$13,062) |
Showing 13 of 17 places in Oceana County, ranked from highest to lowest.
The figures for Newfield Township include the places inside it that have pages of their own: Hesperia.
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 Newfield Township
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Questions about Newfield Township
What is the median household income in Newfield Township?
The median household income in Newfield Township is $62,391 (±$13,452) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Newfield Township?
About $36,800 a year, if rent is to stay at or below 30% of income at the median gross rent of $920 a month.
Have incomes in Newfield Township kept up with inflation?
In Newfield Township, the median household income went from $50,256 in 2015–2019 to $62,391 in 2020–2024 (+24.1%).
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 Newfield Township?
The median renting household in Newfield Township, MI earns $35,750 (±$9,893) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Newfield township, Oceana County, Michigan
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Newfield township, Oceana County, Michigan
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Newfield township, Oceana County, Michigan
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Newfield township, Oceana County, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Newfield township, Oceana County, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Newfield township, Oceana 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 Newfield township, Oceana County, Michigan (county subdivision:57300, in state:26 county:127).
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 Newfield Township at a glance
- Median rent in Newfield Township
- Renters and owners in Newfield Township
- Home values in Newfield Township
- Homeowner costs in Newfield Township
- Property taxes in Newfield Township
- Types of homes in Newfield Township
- Bedrooms in Newfield Township
- Age of homes in Newfield Township
- Heating fuel in Newfield Township
- Commute and cars in Newfield Township
- Population growth in Newfield Township
- How long people stay in Newfield Township
- Michigan landlord and tenant rules
- Housing across Oceana County
- Michigan places ranked by median household income
- Housing data for every place in Michigan