What is the median household income in Springfield Charter Township, MI?

The median household income in Springfield Charter Township, MI is $110,101 (±$10,325) a year (2020–2024 American Community Survey).

Paying the median gross rent of $1,206 a month would take about $48,200 a year at the common guideline of spending no more than 30% of income on rent.

In Springfield Charter Township, the median household income went from $93,252 in 2015–2019 to $110,101 in 2020–2024 (+18.1%).

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
$110,101 (±$10,325)
Median renter income
$47,391 (±$23,775)
Income to afford median rent
about $48,200

Income in Springfield Charter Township against Oakland County, its state and the nation

Income, estimate (90% margin of error)
Springfield Charter TownshipOakland CountyMichiganUnited States
Median household income$110,101 (±$10,325)$97,760 (±$1,268)$72,875 (±$293)$80,734
Median renter household income$47,391 (±$23,775)$59,047 (±$1,564)$42,352 (±$376)$52,966
Median owner household income$121,265 (±$9,990)$118,600 (±$1,461)$87,130 (±$344)$100,009
Median gross rent$1,206 (±$106)$1,376 (±$14)$1,129 (±$4)$1,413

In Springfield Charter 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, Springfield Charter Township ranks 23 of 50 places with a published estimate, from highest to lowest median household income.

Statewide, it ranks 90 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 Springfield Charter 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 $1,206 a month ($14,472 a year) needs an income of about $48,200 a year.

The median renting household in Springfield Charter Township earns $47,391 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 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Median household income$93,252 (±$4,727)$110,101 (±$10,325)+18.1%No measurable change after inflation
Median gross rent$1,162 (±$135)$1,206 (±$106)+3.8%Down after inflation
Median home value$272,900 (±$11,601)$384,800 (±$14,729)+41.0%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 Springfield Charter Township

Nearest places with a published estimate, compared with Springfield Charter Township
PlaceDistanceMedian household incomeCompared with this place
Springfield Charter Township—$110,101 (±$10,325)—
Village of Clarkston4.2 mi$93,452 (±$10,510)Lower
Independence Charter Township5.6 mi$114,699 (±$6,973)Not measurably different
Groveland Township6.2 mi$105,959 (±$16,442)Not measurably different
Rose Township (Oakland County)6.3 mi$107,262 (±$15,853)Not measurably different
White Lake Charter Township6.4 mi$94,985 (±$4,032)Lower
Holly7.1 mi$64,305 (±$6,604)Lower
Ortonville7.7 mi$98,839 (±$18,342)Not measurably different
Waterford Charter Township8.2 mi$77,101 (±$3,050)Lower

Nearby places with a measurably lower figure: Village of Clarkston, MI ($93,452), White Lake Charter Township, MI ($94,985), Holly, MI ($64,305).

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

RankPlaceMedian household income
17Independence Charter Township$114,699 (±$6,973)
18Oxford Charter Township$114,076 (±$8,077)
19Commerce Charter Township$113,148 (±$6,861)
20Rochester$111,750 (±$16,572)
21Novi$110,723 (±$7,350)
22Addison Township$110,574 (±$15,015)
23Springfield Charter Township$110,101 (±$10,325)
24Lathrup Village$109,893 (±$22,823)
25Milford Charter Township$109,657 (±$9,492)
26Rose Township (Oakland County)$107,262 (±$15,853)
27Sylvan Lake$106,429 (±$35,671)
28Groveland Township$105,959 (±$16,442)
29Farmington Hills$104,836 (±$4,636)

Showing 13 of 50 places in Oakland 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.

What you can do on Seayora in Springfield Charter Township

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 Springfield Charter Township beside you.

Create a landlord account · See what landlords get

Looking for a place to rent?

Browse homes for rent near Springfield Charter Township, 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 Springfield Charter Township, and send estimates and invoices from your phone.

Join as a pro · Find a pro

Questions about Springfield Charter Township

What is the median household income in Springfield Charter Township?

The median household income in Springfield Charter Township is $110,101 (±$10,325) a year (2020–2024 American Community Survey).

How much do you need to make to afford rent in Springfield Charter Township?

About $48,200 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,206 a month.

Have incomes in Springfield Charter Township kept up with inflation?

In Springfield Charter Township, the median household income went from $93,252 in 2015–2019 to $110,101 in 2020–2024 (+18.1%).

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 Springfield Charter Township?

The median renting household in Springfield Charter Township, MI earns $47,391 (±$23,775) a year.

Sources

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 Springfield charter township, Oakland County, Michigan (county subdivision:75760, 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.

Request a Census API 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