What is the median household income in Solon Township (Leelanau County), MI?
The median household income in Solon Township (Leelanau County), MI is $96,833 (±$7,882) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,045 a month would take about $41,800 a year at the common guideline of spending no more than 30% of income on rent.
In Solon Township (Leelanau County), the median household income went from $65,455 in 2015–2019 to $96,833 in 2020–2024 (+47.9%).
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
- $96,833 (±$7,882)
- Median renter income
- $39,583 (±$18,595)
- Income to afford median rent
- about $41,800
Income in Solon Township (Leelanau County) against Leelanau County, its state and the nation
| Solon Township (Leelanau County) | Leelanau County | Michigan | United States | |
|---|---|---|---|---|
| Median household income | $96,833 (±$7,882) | $99,422 (±$6,699) | $72,875 (±$293) | $80,734 |
| Median renter household income | $39,583 (±$18,595) | $61,583 (±$9,256) | $42,352 (±$376) | $52,966 |
| Median owner household income | $100,625 (±$7,994) | $103,036 (±$4,490) | $87,130 (±$344) | $100,009 |
| Median gross rent | $1,045 (±$483) | $1,228 (±$90) | $1,129 (±$4) | $1,413 |
In Solon Township (Leelanau County), median household income is not measurably different from Leelanau County ($99,422).
It is also higher than in Michigan ($72,875).
It is higher than the national figure ($80,734).
In Leelanau County, Solon Township (Leelanau County) ranks 5 of 11 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 186 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 Solon Township (Leelanau County)
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 $1,045 a month ($12,540 a year) needs an income of about $41,800 a year.
The median renting household in Solon Township (Leelanau County) earns $39,583 a year, less than that.
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 | $65,455 (±$8,470) | $96,833 (±$7,882) | +47.9% | Up after inflation |
| Median gross rent | $938 (±$68) | $1,045 (±$483) | +11.4% | No measurable change after inflation |
| Median home value | $244,500 (±$27,984) | $376,100 (±$27,497) | +53.8% | 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 (Leelanau County)
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Solon Township (Leelanau County) | — | $96,833 (±$7,882) | — |
| Greilickville | 5.2 mi | $93,750 (±$29,945) | Not measurably different |
| Kasson Township | 5.3 mi | $85,417 (±$20,057) | Not measurably different |
| Elmwood Charter Township | 5.5 mi | $94,417 (±$22,088) | Not measurably different |
| Centerville Township | 6.1 mi | $98,281 (±$11,515) | Not measurably different |
| Long Lake Township | 7.6 mi | $96,220 (±$5,763) | Not measurably different |
| Lake Ann | 7.6 mi | $70,625 (±$38,144) | Not measurably different |
| Almira Township | 8.1 mi | $90,278 (±$11,034) | Not measurably different |
| Bingham Township (Leelanau County) | 8.9 mi | $93,594 (±$7,677) | 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 Leelanau County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 1 | Leelanau Township | $119,044 (±$10,415) |
| 2 | Suttons Bay Township | $115,769 (±$17,186) |
| 3 | Glen Arbor Township | $109,500 (±$14,663) |
| 4 | Centerville Township | $98,281 (±$11,515) |
| 5 | Solon Township (Leelanau County) | $96,833 (±$7,882) |
| 6 | Empire Township | $94,821 (±$14,428) |
| 7 | Elmwood Charter Township | $94,417 (±$22,088) |
| 8 | Bingham Township (Leelanau County) | $93,594 (±$7,677) |
| 9 | Leland Township | $92,857 (±$24,879) |
| 10 | Kasson Township | $85,417 (±$20,057) |
| 11 | Cleveland Township | $81,607 (±$9,074) |
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
What you can do on Seayora in Solon Township (Leelanau County)
One account for renting, owning, managing and fixing homes, with these figures beside you.
Own or manage a rental?
List it, sign the lease and collect rent online, with the figures for Solon Township (Leelanau County) beside you.
Create a landlord account · See what landlords get
Looking for a place to rent?
Browse homes for rent near Solon Township (Leelanau County), save the ones you like and apply online.
Browse rentals · Create a renter account
Do repairs, renovations or maintenance?
Get found by owners and renters near Solon Township (Leelanau County), and send estimates and invoices from your phone.
Questions about Solon Township (Leelanau County)
What is the median household income in Solon Township (Leelanau County)?
The median household income in Solon Township (Leelanau County) is $96,833 (±$7,882) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Solon Township (Leelanau County)?
About $41,800 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,045 a month.
Have incomes in Solon Township (Leelanau County) kept up with inflation?
In Solon Township (Leelanau County), the median household income went from $65,455 in 2015–2019 to $96,833 in 2020–2024 (+47.9%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
What do renters earn in Solon Township (Leelanau County)?
The median renting household in Solon Township (Leelanau County), MI earns $39,583 (±$18,595) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Solon township, Leelanau County, Michigan
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Solon township, Leelanau County, Michigan
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Solon township, Leelanau County, Michigan
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Solon township, Leelanau County, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Solon township, Leelanau County, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Solon township, Leelanau 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, Leelanau County, Michigan (county subdivision:74500, in state:26 county:089).
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 Solon Township (Leelanau County) at a glance
- Renters and owners in Solon Township (Leelanau County)
- Home values in Solon Township (Leelanau County)
- Homeowner costs in Solon Township (Leelanau County)
- Property taxes in Solon Township (Leelanau County)
- Types of homes in Solon Township (Leelanau County)
- Bedrooms in Solon Township (Leelanau County)
- Age of homes in Solon Township (Leelanau County)
- Heating fuel in Solon Township (Leelanau County)
- Commute and cars in Solon Township (Leelanau County)
- Population growth in Solon Township (Leelanau County)
- How long people stay in Solon Township (Leelanau County)
- Michigan landlord and tenant rules
- Housing across Leelanau County
- Michigan places ranked by median household income
- Housing data for every place in Michigan