What is the median household income in Valley Township, MI?
The median household income in Valley Township, MI is $87,100 (±$21,344) a year (2020–2024 American Community Survey).
In Valley Township, the median household income went from $56,429 in 2015–2019 to $87,100 in 2020–2024 (+54.4%).
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
- $87,100 (±$21,344)
- Median renter income
- $85,938 (±$40,779)
Income in Valley Township against Allegan County, its state and the nation
| Valley Township | Allegan County | Michigan | United States | |
|---|---|---|---|---|
| Median household income | $87,100 (±$21,344) | $83,283 (±$2,480) | $72,875 (±$293) | $80,734 |
| Median renter household income | $85,938 (±$40,779) | $42,221 (±$4,567) | $42,352 (±$376) | $52,966 |
| Median owner household income | $91,250 (±$23,832) | $88,473 (±$2,527) | $87,130 (±$344) | $100,009 |
| Median gross rent | — | $1,100 (±$40) | $1,129 (±$4) | $1,413 |
In Valley Township, median household income is not measurably different from Allegan County ($83,283).
It is not measurably different from Michigan ($72,875).
It is not measurably different from the national figure ($80,734).
In Allegan County, Valley Township ranks 16 of 31 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 306 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 | $56,429 (±$9,943) | $87,100 (±$21,344) | +54.4% | No measurable change after inflation |
| Median home value | $145,500 (±$10,719) | $271,800 (±$47,815) | +86.8% | 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 Valley Township
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Valley Township | — | $87,100 (±$21,344) | — |
| Allegan | 4.8 mi | $52,925 (±$15,873) | Lower |
| Allegan Township | 5.0 mi | $88,917 (±$10,004) | Not measurably different |
| Cheshire Township | 5.7 mi | $64,345 (±$14,914) | Not measurably different |
| Clyde Township (Allegan County) | 6.5 mi | $72,083 (±$14,646) | Not measurably different |
| Heath Township | 6.7 mi | $105,491 (±$14,923) | Not measurably different |
| Trowbridge Township | 7.7 mi | $75,833 (±$10,418) | Not measurably different |
| Monterey Township | 7.9 mi | $91,207 (±$23,582) | Not measurably different |
| Manlius Township | 9.2 mi | $88,646 (±$11,219) | Not measurably different |
Nearby places with a measurably lower figure: Allegan, MI ($52,925).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Allegan County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 10 | Fillmore Township | $90,142 (±$15,827) |
| 11 | Gun Plain Township | $89,346 (±$12,720) |
| 12 | Salem Township (Allegan County) | $89,034 (±$20,232) |
| 13 | Allegan Township | $88,917 (±$10,004) |
| 14 | Hopkins Township | $88,825 (±$5,035) |
| 15 | Manlius Township | $88,646 (±$11,219) |
| 16 | Valley Township | $87,100 (±$21,344) |
| 17 | Casco Township (Allegan County) | $84,637 (±$34,421) |
| 18 | Douglas | $81,627 (±$6,499) |
| 19 | Ganges Township | $77,675 (±$5,284) |
| 20 | Trowbridge Township | $75,833 (±$10,418) |
| 21 | Wayland | $74,464 (±$11,752) |
| 22 | Otsego | $74,156 (±$7,774) |
Showing 13 of 31 places in Allegan 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 Valley Township
What is the median household income in Valley Township?
The median household income in Valley Township is $87,100 (±$21,344) a year (2020–2024 American Community Survey).
Have incomes in Valley Township kept up with inflation?
In Valley Township, the median household income went from $56,429 in 2015–2019 to $87,100 in 2020–2024 (+54.4%).
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 Valley Township?
The median renting household in Valley Township, MI earns $85,938 (±$40,779) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Valley township, Allegan County, Michigan
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Valley township, Allegan County, Michigan
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Valley township, Allegan County, Michigan
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Valley township, Allegan County, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Valley township, Allegan County, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Valley township, Allegan 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 Valley township, Allegan County, Michigan (county subdivision:81580, in state:26 county:005).
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 Valley Township at a glance
- Home values in Valley Township
- Homeowner costs in Valley Township
- Property taxes in Valley Township
- Types of homes in Valley Township
- Bedrooms in Valley Township
- Age of homes in Valley Township
- Heating fuel in Valley Township
- Commute and cars in Valley Township
- Population growth in Valley Township
- How long people stay in Valley Township
- Michigan landlord and tenant rules
- Housing across Allegan County
- Michigan places ranked by median household income
- Housing data for every place in Michigan