What is the median household income in Readmond Township, MI?
The median household income in Readmond Township, MI is $75,313 (±$22,645) a year (2020–2024 American Community Survey).
In Readmond Township, the median household income went from $52,000 in 2015–2019 to $75,313 in 2020–2024 (+44.8%).
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
- $75,313 (±$22,645)
Income in Readmond Township against Emmet County, its state and the nation
| Readmond Township | Emmet County | Michigan | United States | |
|---|---|---|---|---|
| Median household income | $75,313 (±$22,645) | $78,112 (±$4,802) | $72,875 (±$293) | $80,734 |
| Median renter household income | — | $46,548 (±$8,782) | $42,352 (±$376) | $52,966 |
| Median owner household income | $75,625 (±$22,600) | $89,600 (±$6,140) | $87,130 (±$344) | $100,009 |
| Median gross rent | — | $1,112 (±$81) | $1,129 (±$4) | $1,413 |
In Readmond Township, median household income is not measurably different from Emmet County ($78,112).
It is not measurably different from Michigan ($72,875).
It is not measurably different from the national figure ($80,734).
In Emmet County, Readmond Township ranks 9 of 18 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 583 of 1,517.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $52,000 (±$5,470) | $75,313 (±$22,645) | +44.8% | No measurable change after inflation |
| Median home value | $190,100 (±$20,039) | $287,500 (±$44,537) | +51.2% | 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 Readmond Township
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Readmond Township | — | $75,313 (±$22,645) | — |
| Friendship Township | 4.2 mi | $90,833 (±$11,470) | Not measurably different |
| Cross Village Township | 5.2 mi | $56,250 (±$7,763) | Not measurably different |
| Center Township | 5.8 mi | $68,636 (±$7,674) | Not measurably different |
| Pleasantview Township | 8.2 mi | $70,694 (±$26,602) | Not measurably different |
| West Traverse Township | 8.6 mi | $93,929 (±$13,726) | Not measurably different |
| Harbor Springs | 10 mi | $75,417 (±$24,494) | Not measurably different |
| Bliss Township | 10 mi | $78,750 (±$19,652) | Not measurably different |
| Little Traverse Township | 11 mi | $88,368 (±$15,626) | 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 Emmet County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 3 | West Traverse Township | $93,929 (±$13,726) |
| 4 | Friendship Township | $90,833 (±$11,470) |
| 5 | Little Traverse Township | $88,368 (±$15,626) |
| 6 | Littlefield Township | $85,262 (±$14,531) |
| 7 | Bliss Township | $78,750 (±$19,652) |
| 8 | Harbor Springs | $75,417 (±$24,494) |
| 9 | Readmond Township | $75,313 (±$22,645) |
| 10 | Petoskey | $74,196 (±$9,297) |
| 11 | Maple River Township | $72,019 (±$15,787) |
| 12 | Bear Creek Township | $71,090 (±$13,375) |
| 13 | Pleasantview Township | $70,694 (±$26,602) |
| 14 | Center Township | $68,636 (±$7,674) |
| 15 | Cross Village Township | $56,250 (±$7,763) |
Showing 13 of 18 places in Emmet 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.
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Questions about Readmond Township
What is the median household income in Readmond Township?
The median household income in Readmond Township is $75,313 (±$22,645) a year (2020–2024 American Community Survey).
Have incomes in Readmond Township kept up with inflation?
In Readmond Township, the median household income went from $52,000 in 2015–2019 to $75,313 in 2020–2024 (+44.8%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Readmond township, Emmet County, Michigan
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Readmond township, Emmet County, Michigan
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Readmond township, Emmet County, Michigan
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Readmond township, Emmet County, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Readmond township, Emmet County, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Readmond township, Emmet 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 Readmond township, Emmet County, Michigan (county subdivision:67540, in state:26 county:047).
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 Readmond Township at a glance
- Home values in Readmond Township
- Homeowner costs in Readmond Township
- Property taxes in Readmond Township
- Types of homes in Readmond Township
- Bedrooms in Readmond Township
- Age of homes in Readmond Township
- Heating fuel in Readmond Township
- Commute and cars in Readmond Township
- Michigan landlord and tenant rules
- Housing across Emmet County
- Michigan places ranked by median household income
- Housing data for every place in Michigan