What is the median household income in Tawas Township, MI?
The median household income in Tawas Township, MI is $59,531 (±$7,319) a year (2020–2024 American Community Survey).
Paying the median gross rent of $935 a month would take about $37,400 a year at the common guideline of spending no more than 30% of income on rent.
In Tawas Township, the median household income went from $53,125 in 2015–2019 to $59,531 in 2020–2024 (+12.1%).
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
- $59,531 (±$7,319)
- Median renter income
- $43,750 (±$10,771)
- Income to afford median rent
- about $37,400
Income in Tawas Township against Iosco County, its state and the nation
| Tawas Township | Iosco County | Michigan | United States | |
|---|---|---|---|---|
| Median household income | $59,531 (±$7,319) | $50,066 (±$2,086) | $72,875 (±$293) | $80,734 |
| Median renter household income | $43,750 (±$10,771) | $31,000 (±$4,916) | $42,352 (±$376) | $52,966 |
| Median owner household income | $61,111 (±$6,570) | $53,543 (±$2,950) | $87,130 (±$344) | $100,009 |
| Median gross rent | $935 (±$87) | $719 (±$74) | $1,129 (±$4) | $1,413 |
In Tawas Township, median household income is higher than in Iosco County ($50,066).
It is also lower than in Michigan ($72,875).
It is lower than the national figure ($80,734).
In Iosco County, Tawas Township ranks 4 of 14 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 1106 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 Tawas 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 $935 a month ($11,220 a year) needs an income of about $37,400 a year.
The median renting household in Tawas Township earns $43,750 a year.
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 | $53,125 (±$7,264) | $59,531 (±$7,319) | +12.1% | No measurable change after inflation |
| Median gross rent | $879 (±$117) | $935 (±$87) | +6.4% | No measurable change after inflation |
| Median home value | $114,400 (±$7,862) | $159,000 (±$18,628) | +39.0% | No measurable change 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 Tawas Township
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Tawas Township | — | $59,531 (±$7,319) | — |
| Tawas City | 3.8 mi | $46,014 (±$3,668) | Lower |
| Sand Lake (community) | 4.5 mi | $58,162 (±$7,890) | Not measurably different |
| East Tawas | 5.4 mi | $42,450 (±$7,594) | Lower |
| Baldwin Township (Iosco County) | 5.6 mi | $69,792 (±$14,431) | Not measurably different |
| Grant Township (Iosco County) | 6.0 mi | $56,193 (±$11,248) | Not measurably different |
| Alabaster Township | 6.2 mi | $78,125 (±$23,332) | Not measurably different |
| Wilber Township | 7.1 mi | $66,667 (±$6,412) | Not measurably different |
| Sherman Township (Iosco County) | 8.0 mi | $56,875 (±$19,072) | Not measurably different |
Nearby places with a measurably lower figure: Tawas City, MI ($46,014), East Tawas, MI ($42,450).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Iosco County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 1 | Alabaster Township | $78,125 (±$23,332) |
| 2 | Baldwin Township (Iosco County) | $69,792 (±$14,431) |
| 3 | Wilber Township | $66,667 (±$6,412) |
| 4 | Tawas Township | $59,531 (±$7,319) |
| 5 | Sherman Township (Iosco County) | $56,875 (±$19,072) |
| 6 | Grant Township (Iosco County) | $56,193 (±$11,248) |
| 7 | Burleigh Township | $53,393 (±$13,106) |
| 8 | Plainfield Township | $52,035 (±$9,759) |
| 9 | Au Sable Charter Township | $50,511 (±$11,367) |
| 10 | Reno Township | $49,583 (±$11,908) |
Showing 10 of 14 places in Iosco 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 Tawas 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 Tawas Township beside you.
Create a landlord account · See what landlords get
Looking for a place to rent?
Browse homes for rent near Tawas 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 Tawas Township, and send estimates and invoices from your phone.
Questions about Tawas Township
What is the median household income in Tawas Township?
The median household income in Tawas Township is $59,531 (±$7,319) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Tawas Township?
About $37,400 a year, if rent is to stay at or below 30% of income at the median gross rent of $935 a month.
Have incomes in Tawas Township kept up with inflation?
In Tawas Township, the median household income went from $53,125 in 2015–2019 to $59,531 in 2020–2024 (+12.1%).
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 Tawas Township?
The median renting household in Tawas Township, MI earns $43,750 (±$10,771) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Tawas township, Iosco County, Michigan
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Tawas township, Iosco County, Michigan
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Tawas township, Iosco County, Michigan
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Tawas township, Iosco County, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Tawas township, Iosco County, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Tawas township, Iosco 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 Tawas township, Iosco County, Michigan (county subdivision:78100, in state:26 county:069).
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 Tawas Township at a glance
- Renters and owners in Tawas Township
- Home values in Tawas Township
- Homeowner costs in Tawas Township
- Property taxes in Tawas Township
- Types of homes in Tawas Township
- Bedrooms in Tawas Township
- Age of homes in Tawas Township
- Heating fuel in Tawas Township
- Commute and cars in Tawas Township
- Population growth in Tawas Township
- How long people stay in Tawas Township
- Michigan landlord and tenant rules
- Housing across Iosco County
- Michigan places ranked by median household income
- Housing data for every place in Michigan