What is the median household income in Posen Township, MI?
The median household income in Posen Township, MI is $56,719 (±$15,857) a year (2020–2024 American Community Survey).
Paying the median gross rent of $601 a month would take about $24,000 a year at the common guideline of spending no more than 30% of income on rent.
In Posen Township, the median household income went from $48,750 in 2015–2019 to $56,719 in 2020–2024 (+16.3%).
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
- $56,719 (±$15,857)
- Median renter income
- $41,250 (±$36,971)
- Income to afford median rent
- about $24,000
Income in Posen Township against Presque Isle County, its state and the nation
| Posen Township | Presque Isle County | Michigan | United States | |
|---|---|---|---|---|
| Median household income | $56,719 (±$15,857) | $59,321 (±$3,539) | $72,875 (±$293) | $80,734 |
| Median renter household income | $41,250 (±$36,971) | $26,786 (±$8,122) | $42,352 (±$376) | $52,966 |
| Median owner household income | $59,000 (±$14,076) | $64,375 (±$3,118) | $87,130 (±$344) | $100,009 |
| Median gross rent | $601 (±$250) | $683 (±$119) | $1,129 (±$4) | $1,413 |
In Posen Township, median household income is not measurably different from Presque Isle County ($59,321).
It is also lower than in Michigan ($72,875).
It is lower than the national figure ($80,734).
In Presque Isle County, Posen Township ranks 7 of 16 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 1182 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 Posen 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 $601 a month ($7,212 a year) needs an income of about $24,000 a year.
The median renting household in Posen Township earns $41,250 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 | $48,750 (±$9,884) | $56,719 (±$15,857) | +16.3% | No measurable change after inflation |
| Median gross rent | $557 (±$177) | $601 (±$250) | +7.9% | No measurable change after inflation |
| Median home value | $89,000 (±$10,375) | $121,900 (±$28,981) | +37.0% | 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 Posen Township
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Posen Township | — | $56,719 (±$15,857) | — |
| Krakow Township | 5.4 mi | $64,375 (±$14,288) | Not measurably different |
| Long Rapids Township | 6.7 mi | $60,000 (±$5,393) | Not measurably different |
| Metz Township | 6.8 mi | $52,500 (±$16,543) | Not measurably different |
| Pulawski Township | 7.7 mi | $56,389 (±$11,775) | Not measurably different |
| Belknap Township | 8.5 mi | $52,457 (±$19,213) | Not measurably different |
| Wellington Township | 9.6 mi | $58,125 (±$19,365) | Not measurably different |
| Maple Ridge Township (Alpena County) | 11 mi | $65,096 (±$11,576) | Not measurably different |
| Bismarck Township | 12 mi | $55,875 (±$9,200) | Not measurably different |
None of the nearby places differs measurably from this one on this figure.
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Presque Isle County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 1 | Presque Isle Township | $94,412 (±$14,823) |
| 2 | Allis Township | $71,583 (±$10,853) |
| 3 | Rogers Township | $66,591 (±$14,757) |
| 4 | Krakow Township | $64,375 (±$14,288) |
| 5 | North Allis Township | $62,457 (±$13,241) |
| 6 | Ocqueoc Township | $57,031 (±$4,431) |
| 7 | Posen Township | $56,719 (±$15,857) |
| 8 | Pulawski Township | $56,389 (±$11,775) |
| 9 | Bismarck Township | $55,875 (±$9,200) |
| 10 | Case Township | $55,500 (±$6,750) |
| 11 | Moltke Township | $55,000 (±$21,425) |
| 12 | Metz Township | $52,500 (±$16,543) |
| 13 | Belknap Township | $52,457 (±$19,213) |
Showing 13 of 16 places in Presque Isle County, ranked from highest to lowest.
The figures for Posen Township include the places inside it that have pages of their own: Posen.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Posen Township
What is the median household income in Posen Township?
The median household income in Posen Township is $56,719 (±$15,857) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Posen Township?
About $24,000 a year, if rent is to stay at or below 30% of income at the median gross rent of $601 a month.
Have incomes in Posen Township kept up with inflation?
In Posen Township, the median household income went from $48,750 in 2015–2019 to $56,719 in 2020–2024 (+16.3%).
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 Posen Township?
The median renting household in Posen Township, MI earns $41,250 (±$36,971) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Posen township, Presque Isle County, Michigan
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Posen township, Presque Isle County, Michigan
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Posen township, Presque Isle County, Michigan
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Posen township, Presque Isle County, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Posen township, Presque Isle County, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Posen township, Presque Isle 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 Posen township, Presque Isle County, Michigan (county subdivision:66020, in state:26 county:141).
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 Posen Township at a glance
- Home values in Posen Township
- Homeowner costs in Posen Township
- Property taxes in Posen Township
- Types of homes in Posen Township
- Bedrooms in Posen Township
- Age of homes in Posen Township
- Heating fuel in Posen Township
- Commute and cars in Posen Township
- How long people stay in Posen Township
- Michigan landlord and tenant rules
- Housing across Presque Isle County
- Michigan places ranked by median household income
- Housing data for every place in Michigan