What is the median household income in Richmond Township (Macomb County), MI?
The median household income in Richmond Township (Macomb County), MI is $126,450 (±$22,811) a year (2020–2024 American Community Survey).
In Richmond Township (Macomb County), the median household income went from $80,833 in 2015–2019 to $126,450 in 2020–2024 (+56.4%).
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
- $126,450 (±$22,811)
Income in Richmond Township (Macomb County) against Macomb County, its state and the nation
| Richmond Township (Macomb County) | Macomb County | Michigan | United States | |
|---|---|---|---|---|
| Median household income | $126,450 (±$22,811) | $77,837 (±$1,037) | $72,875 (±$293) | $80,734 |
| Median renter household income | — | $47,834 (±$1,685) | $42,352 (±$376) | $52,966 |
| Median owner household income | $133,235 (±$19,183) | $91,083 (±$1,275) | $87,130 (±$344) | $100,009 |
| Median gross rent | — | $1,211 (±$13) | $1,129 (±$4) | $1,413 |
In Richmond Township (Macomb County), median household income is higher than in Macomb County ($77,837).
It is also higher than in Michigan ($72,875).
It is higher than the national figure ($80,734).
In Macomb County, Richmond Township (Macomb County) ranks 1 of 23 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 33 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 | $80,833 (±$10,744) | $126,450 (±$22,811) | +56.4% | Up after inflation |
| Median home value | $234,800 (±$15,736) | $378,800 (±$42,937) | +61.3% | 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 Richmond Township (Macomb County)
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Richmond Township (Macomb County) | — | $126,450 (±$22,811) | — |
| Memphis | 3.6 mi | $57,222 (±$16,844) | Lower |
| Armada | 3.8 mi | $102,083 (±$26,098) | Not measurably different |
| Richmond | 3.9 mi | $64,719 (±$11,850) | Lower |
| Armada Township | 5.3 mi | $105,734 (±$17,615) | Not measurably different |
| Lenox Township | 6.3 mi | $72,484 (±$4,539) | Lower |
| Columbus Township (St. Clair County) | 6.3 mi | $93,844 (±$12,916) | Lower |
| Riley Township (St. Clair County) | 6.7 mi | $97,262 (±$25,794) | Not measurably different |
| Berlin Township (St. Clair County) | 8.0 mi | $93,948 (±$12,263) | Lower |
Nearby places with a measurably lower figure: Memphis, MI ($57,222), Richmond, MI ($64,719), Lenox Township, MI ($72,484).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Macomb County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 1 | Richmond Township (Macomb County) | $126,450 (±$22,811) |
| 2 | Macomb Township | $120,652 (±$3,897) |
| 3 | Bruce Township (Macomb County) | $117,989 (±$12,440) |
| 4 | Ray Township | $117,917 (±$20,651) |
| 5 | New Baltimore | $106,033 (±$16,692) |
| 6 | Armada Township | $105,734 (±$17,615) |
| 7 | Washington Charter Township | $97,723 (±$9,329) |
Showing 7 of 23 places in Macomb 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 Richmond Township (Macomb County)
What is the median household income in Richmond Township (Macomb County)?
The median household income in Richmond Township (Macomb County) is $126,450 (±$22,811) a year (2020–2024 American Community Survey).
Have incomes in Richmond Township (Macomb County) kept up with inflation?
In Richmond Township (Macomb County), the median household income went from $80,833 in 2015–2019 to $126,450 in 2020–2024 (+56.4%).
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 — Richmond township, Macomb County, Michigan
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Richmond township, Macomb County, Michigan
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Richmond township, Macomb County, Michigan
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Richmond township, Macomb County, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Richmond township, Macomb County, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Richmond township, Macomb 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 Richmond township, Macomb County, Michigan (county subdivision:68400, in state:26 county:099).
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 Richmond Township (Macomb County) at a glance
- Home values in Richmond Township (Macomb County)
- Homeowner costs in Richmond Township (Macomb County)
- Property taxes in Richmond Township (Macomb County)
- Types of homes in Richmond Township (Macomb County)
- Age of homes in Richmond Township (Macomb County)
- Heating fuel in Richmond Township (Macomb County)
- Commute and cars in Richmond Township (Macomb County)
- Population growth in Richmond Township (Macomb County)
- Fair Market Rent in Richmond Township (Macomb County)
- Michigan landlord and tenant rules
- Housing across Macomb County
- Michigan places ranked by median household income
- Housing data for every place in Michigan