What is the median household income in Southfield Township, MI?
The median household income in Southfield Township, MI is $184,531 (±$8,822) a year (2020–2024 American Community Survey).
Paying the median gross rent of $2,112 a month would take about $84,500 a year at the common guideline of spending no more than 30% of income on rent.
In Southfield Township, the median household income went from $138,309 in 2015–2019 to $184,531 in 2020–2024 (+33.4%).
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
- $184,531 (±$8,822)
- Median renter income
- $61,319 (±$30,637)
- Income to afford median rent
- about $84,500
Income in Southfield Township against Oakland County, its state and the nation
| Southfield Township | Oakland County | Michigan | United States | |
|---|---|---|---|---|
| Median household income | $184,531 (±$8,822) | $97,760 (±$1,268) | $72,875 (±$293) | $80,734 |
| Median renter household income | $61,319 (±$30,637) | $59,047 (±$1,564) | $42,352 (±$376) | $52,966 |
| Median owner household income | $187,531 (±$10,682) | $118,600 (±$1,461) | $87,130 (±$344) | $100,009 |
| Median gross rent | $2,112 (±$421) | $1,376 (±$14) | $1,129 (±$4) | $1,413 |
In Southfield Township, median household income is higher than in Oakland County ($97,760).
It is also higher than in Michigan ($72,875).
It is higher than the national figure ($80,734).
In Oakland County, Southfield Township ranks 5 of 50 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 6 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 Southfield 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 $2,112 a month ($25,344 a year) needs an income of about $84,500 a year.
The median renting household in Southfield Township earns $61,319 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 | $138,309 (±$10,246) | $184,531 (±$8,822) | +33.4% | No measurable change after inflation |
| Median gross rent | $1,275 (±$119) | $2,112 (±$421) | +65.6% | Up after inflation |
| Median home value | $412,500 (±$12,132) | $544,100 (±$22,478) | +31.9% | 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 Southfield Township
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Southfield Township | — | $184,531 (±$8,822) | — |
| Lathrup Village | 2.7 mi | $109,893 (±$22,823) | Lower |
| Birmingham | 3.0 mi | $153,510 (±$14,199) | Lower |
| Southfield | 3.2 mi | $68,166 (±$2,471) | Lower |
| Bloomfield Charter Township | 4.0 mi | $162,788 (±$6,994) | Lower |
| Bloomfield Hills | 4.3 mi | $189,942 (±$29,576) | Not measurably different |
| Berkley | 4.3 mi | $116,239 (±$10,989) | Lower |
| Huntington Woods | 5.6 mi | $190,150 (±$8,367) | Not measurably different |
| Oak Park | 5.7 mi | $71,510 (±$5,543) | Lower |
Nearby places with a measurably lower figure: Lathrup Village, MI ($109,893), Birmingham, MI ($153,510), Southfield, MI ($68,166).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Oakland County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 1 | Lake Angelus | $216,908 (±$57,416) |
| 2 | Orchard Lake Village | $206,667 (±$28,483) |
| 3 | Huntington Woods | $190,150 (±$8,367) |
| 4 | Bloomfield Hills | $189,942 (±$29,576) |
| 5 | Southfield Township | $184,531 (±$8,822) |
| 6 | Pleasant Ridge | $171,125 (±$34,438) |
| 7 | Oakland Charter Township | $166,538 (±$14,596) |
| 8 | Bloomfield Charter Township | $162,788 (±$6,994) |
| 9 | Birmingham | $153,510 (±$14,199) |
| 10 | Lyon Charter Township | $146,354 (±$9,435) |
| 11 | Novi Township | $145,833 (±$47,711) |
Showing 11 of 50 places in Oakland County, ranked from highest to lowest.
The figures for Southfield Township include the places inside it that have pages of their own: Beverly Hills, Bingham Farms, Franklin.
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 Southfield Township
What is the median household income in Southfield Township?
The median household income in Southfield Township is $184,531 (±$8,822) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Southfield Township?
About $84,500 a year, if rent is to stay at or below 30% of income at the median gross rent of $2,112 a month.
Have incomes in Southfield Township kept up with inflation?
In Southfield Township, the median household income went from $138,309 in 2015–2019 to $184,531 in 2020–2024 (+33.4%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
What do renters earn in Southfield Township?
The median renting household in Southfield Township, MI earns $61,319 (±$30,637) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Southfield township, Oakland County, Michigan
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Southfield township, Oakland County, Michigan
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Southfield township, Oakland County, Michigan
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Southfield township, Oakland County, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Southfield township, Oakland County, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Southfield township, Oakland 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 Southfield township, Oakland County, Michigan (county subdivision:74920, in state:26 county:125).
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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- Median rent in Southfield Township
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- Renters and owners in Southfield Township
- Home values in Southfield Township
- Homeowner costs in Southfield Township
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- Types of homes in Southfield Township
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- Age of homes in Southfield Township
- Heating fuel in Southfield Township
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- Population growth in Southfield Township
- How long people stay in Southfield Township
- Crowding and facilities in Southfield Township
- Fair Market Rent in Southfield Township
- Michigan landlord and tenant rules
- Housing across Oakland County
- Michigan places ranked by median household income
- Housing data for every place in Michigan