What is the median household income in Solon Township (Kent County), MI?
The median household income in Solon Township (Kent County), MI is $86,958 (±$14,278) a year (2020–2024 American Community Survey).
In Solon Township (Kent County), the median household income went from $74,653 in 2015–2019 to $86,958 in 2020–2024 (+16.5%).
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
- $86,958 (±$14,278)
Income in Solon Township (Kent County) against Kent County, its state and the nation
| Solon Township (Kent County) | Kent County | Michigan | United States | |
|---|---|---|---|---|
| Median household income | $86,958 (±$14,278) | $82,631 (±$1,165) | $72,875 (±$293) | $80,734 |
| Median renter household income | — | $50,123 (±$1,340) | $42,352 (±$376) | $52,966 |
| Median owner household income | $85,967 (±$14,899) | $101,126 (±$1,625) | $87,130 (±$344) | $100,009 |
| Median gross rent | — | $1,243 (±$18) | $1,129 (±$4) | $1,413 |
In Solon Township (Kent County), median household income is not measurably different from Kent County ($82,631).
It is not measurably different from Michigan ($72,875).
It is not measurably different from the national figure ($80,734).
In Kent County, Solon Township (Kent County) ranks 17 of 30 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 309 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 | $74,653 (±$22,409) | $86,958 (±$14,278) | +16.5% | No measurable change after inflation |
| Median home value | $161,700 (±$9,460) | $256,900 (±$21,720) | +58.9% | 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 Solon Township (Kent County)
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Solon Township (Kent County) | — | $86,958 (±$14,278) | — |
| Cedar Springs | 4.1 mi | $57,979 (±$11,114) | Lower |
| Ensley Township | 5.2 mi | $75,954 (±$13,431) | Not measurably different |
| Tyrone Township (Kent County) | 5.4 mi | $69,773 (±$14,389) | Not measurably different |
| Sand Lake | 5.4 mi | $34,286 (±$31,099) | Lower |
| Algoma Township | 6.4 mi | $123,078 (±$14,145) | Higher |
| Nelson Township | 6.8 mi | $66,735 (±$10,423) | Lower |
| Kent City | 7.1 mi | $76,587 (±$23,927) | Not measurably different |
| Pierson | 7.6 mi | $41,875 (±$19,190) | Lower |
Nearby places with a measurably lower figure: Cedar Springs, MI ($57,979), Sand Lake, MI ($34,286), Nelson Township, MI ($66,735).
Nearby places with a measurably higher figure: Algoma Township, MI ($123,078).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Kent County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 11 | Courtland Township | $107,321 (±$14,524) |
| 12 | Rockford | $107,121 (±$15,091) |
| 13 | Lowell Charter Township | $104,794 (±$10,807) |
| 14 | Oakfield Township | $103,411 (±$22,147) |
| 15 | Plainfield Charter Township | $94,218 (±$7,315) |
| 16 | Byron Township | $91,481 (±$10,273) |
| 17 | Solon Township (Kent County) | $86,958 (±$14,278) |
| 18 | Gaines Charter Township | $82,738 (±$6,919) |
| 19 | Spencer Township | $82,571 (±$13,432) |
| 20 | Grandville | $78,442 (±$6,502) |
| 21 | Walker | $76,360 (±$4,683) |
| 22 | Sparta Township | $76,346 (±$4,522) |
| 23 | Kentwood | $74,373 (±$5,045) |
Showing 13 of 30 places in Kent 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 Solon Township (Kent County)
What is the median household income in Solon Township (Kent County)?
The median household income in Solon Township (Kent County) is $86,958 (±$14,278) a year (2020–2024 American Community Survey).
Have incomes in Solon Township (Kent County) kept up with inflation?
In Solon Township (Kent County), the median household income went from $74,653 in 2015–2019 to $86,958 in 2020–2024 (+16.5%).
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 — Solon township, Kent County, Michigan
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Solon township, Kent County, Michigan
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Solon township, Kent County, Michigan
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Solon township, Kent County, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Solon township, Kent County, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Solon township, Kent 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 Solon township, Kent County, Michigan (county subdivision:74460, in state:26 county:081).
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
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- Michigan landlord and tenant rules
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- Housing data for every place in Michigan