What is the median household income in Ravenna Township, MI?
The median household income in Ravenna Township, MI is $75,625 (±$9,353) a year (2020–2024 American Community Survey).
Paying the median gross rent of $815 a month would take about $32,600 a year at the common guideline of spending no more than 30% of income on rent.
In Ravenna Township, the median household income went from $51,509 in 2015–2019 to $75,625 in 2020–2024 (+46.8%).
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
- $75,625 (±$9,353)
- Income to afford median rent
- about $32,600
Income in Ravenna Township against Muskegon County, its state and the nation
| Ravenna Township | Muskegon County | Michigan | United States | |
|---|---|---|---|---|
| Median household income | $75,625 (±$9,353) | $65,024 (±$1,543) | $72,875 (±$293) | $80,734 |
| Median renter household income | — | $34,726 (±$2,680) | $42,352 (±$376) | $52,966 |
| Median owner household income | $85,000 (±$15,798) | $75,394 (±$2,237) | $87,130 (±$344) | $100,009 |
| Median gross rent | $815 (±$120) | $1,028 (±$36) | $1,129 (±$4) | $1,413 |
In Ravenna Township, median household income is higher than in Muskegon County ($65,024).
It is not measurably different from Michigan ($72,875).
It is not measurably different from the national figure ($80,734).
In Muskegon County, Ravenna Township ranks 12 of 23 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 574 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 Ravenna 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 $815 a month ($9,780 a year) needs an income of about $32,600 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 | $51,509 (±$5,221) | $75,625 (±$9,353) | +46.8% | Up after inflation |
| Median gross rent | $625 (±$137) | $815 (±$120) | +30.4% | No measurable change after inflation |
| Median home value | $150,100 (±$11,461) | $224,100 (±$16,884) | +49.3% | 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 Ravenna Township
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Ravenna Township | — | $75,625 (±$9,353) | — |
| Moorland Township | 5.4 mi | $74,167 (±$11,911) | Not measurably different |
| Sullivan Township | 5.8 mi | $65,156 (±$10,963) | Not measurably different |
| Chester Township (Ottawa County) | 6.1 mi | $79,875 (±$10,118) | Not measurably different |
| Polkton Charter Township | 6.9 mi | $112,708 (±$14,836) | Higher |
| Coopersville | 7.3 mi | $67,131 (±$12,829) | Not measurably different |
| Casnovia Township | 8.1 mi | $83,333 (±$9,011) | Not measurably different |
| Egelston Township | 8.4 mi | $61,432 (±$7,319) | Lower |
| Wright Township (Ottawa County) | 8.6 mi | $87,344 (±$10,969) | Not measurably different |
Nearby places with a measurably lower figure: Egelston Township, MI ($61,432).
Nearby places with a measurably higher figure: Polkton Charter Township, MI ($112,708).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Muskegon County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 6 | Fruitport Charter Township | $85,413 (±$4,963) |
| 7 | Blue Lake Township (Muskegon County) | $83,452 (±$10,439) |
| 8 | Casnovia Township | $83,333 (±$9,011) |
| 9 | Dalton Township | $81,612 (±$8,281) |
| 10 | Whitehall Township | $79,375 (±$15,882) |
| 11 | Norton Shores | $76,579 (±$7,340) |
| 12 | Ravenna Township | $75,625 (±$9,353) |
| 13 | Moorland Township | $74,167 (±$11,911) |
| 14 | Cedar Creek Township (Muskegon County) | $73,586 (±$4,715) |
| 15 | Holton Township | $72,910 (±$8,698) |
| 16 | Montague | $66,750 (±$16,009) |
| 17 | Sullivan Township | $65,156 (±$10,963) |
| 18 | Roosevelt Park | $62,857 (±$7,384) |
Showing 13 of 23 places in Muskegon County, ranked from highest to lowest.
The figures for Ravenna Township include the places inside it that have pages of their own: Ravenna.
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 Ravenna Township
What is the median household income in Ravenna Township?
The median household income in Ravenna Township is $75,625 (±$9,353) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Ravenna Township?
About $32,600 a year, if rent is to stay at or below 30% of income at the median gross rent of $815 a month.
Have incomes in Ravenna Township kept up with inflation?
In Ravenna Township, the median household income went from $51,509 in 2015–2019 to $75,625 in 2020–2024 (+46.8%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Ravenna township, Muskegon County, Michigan
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Ravenna township, Muskegon County, Michigan
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Ravenna township, Muskegon County, Michigan
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Ravenna township, Muskegon County, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Ravenna township, Muskegon County, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Ravenna township, Muskegon 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 Ravenna township, Muskegon County, Michigan (county subdivision:67300, in state:26 county:121).
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 Ravenna Township at a glance
- Renters and owners in Ravenna Township
- Home values in Ravenna Township
- Homeowner costs in Ravenna Township
- Property taxes in Ravenna Township
- Types of homes in Ravenna Township
- Bedrooms in Ravenna Township
- Age of homes in Ravenna Township
- Heating fuel in Ravenna Township
- Commute and cars in Ravenna Township
- Population growth in Ravenna Township
- How long people stay in Ravenna Township
- Crowding and facilities in Ravenna Township
- Michigan landlord and tenant rules
- Housing across Muskegon County
- Michigan places ranked by median household income
- Housing data for every place in Michigan