What is the median household income in Venice Township, MI?
The median household income in Venice Township, MI is $66,250 (±$9,299) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,181 a month would take about $47,200 a year at the common guideline of spending no more than 30% of income on rent.
In Venice Township, the median household income went from $54,625 in 2015–2019 to $66,250 in 2020–2024 (+21.3%).
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
- $66,250 (±$9,299)
- Median renter income
- $57,917 (±$39,175)
- Income to afford median rent
- about $47,200
Income in Venice Township against Shiawassee County, its state and the nation
| Venice Township | Shiawassee County | Michigan | United States | |
|---|---|---|---|---|
| Median household income | $66,250 (±$9,299) | $67,404 (±$2,587) | $72,875 (±$293) | $80,734 |
| Median renter household income | $57,917 (±$39,175) | $37,488 (±$2,828) | $42,352 (±$376) | $52,966 |
| Median owner household income | $74,135 (±$16,093) | $76,790 (±$3,325) | $87,130 (±$344) | $100,009 |
| Median gross rent | $1,181 (±$224) | $899 (±$51) | $1,129 (±$4) | $1,413 |
In Venice Township, median household income is not measurably different from Shiawassee County ($67,404).
It is not measurably different from Michigan ($72,875).
It is lower than the national figure ($80,734).
In Shiawassee County, Venice Township ranks 16 of 21 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 857 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 Venice 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 $1,181 a month ($14,172 a year) needs an income of about $47,200 a year.
The median renting household in Venice Township earns $57,917 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 | $54,625 (±$10,324) | $66,250 (±$9,299) | +21.3% | No measurable change after inflation |
| Median gross rent | $788 (±$114) | $1,181 (±$224) | +49.9% | No measurable change after inflation |
| Median home value | $107,300 (±$15,338) | $164,700 (±$9,046) | +53.5% | 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 Venice Township
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Venice Township | — | $66,250 (±$9,299) | — |
| Vernon | 5.2 mi | $69,625 (±$9,826) | Not measurably different |
| Caledonia Charter Township | 5.4 mi | $70,069 (±$7,510) | Not measurably different |
| Hazelton Township | 5.6 mi | $81,346 (±$9,955) | Higher |
| Corunna | 6.3 mi | $46,141 (±$4,640) | Lower |
| Clayton Charter Township | 6.4 mi | $77,554 (±$8,834) | Not measurably different |
| Durand | 6.7 mi | $66,743 (±$12,323) | Not measurably different |
| New Lothrop | 7.6 mi | $72,344 (±$18,820) | Not measurably different |
| New Haven Township (Shiawassee County) | 7.7 mi | $68,250 (±$12,049) | Not measurably different |
Nearby places with a measurably lower figure: Corunna, MI ($46,141).
Nearby places with a measurably higher figure: Hazelton Township, MI ($81,346).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Shiawassee County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 10 | Perry Township | $76,579 (±$6,837) |
| 11 | Perry | $75,321 (±$18,514) |
| 12 | Antrim Township | $70,714 (±$9,544) |
| 13 | Caledonia Charter Township | $70,069 (±$7,510) |
| 14 | New Haven Township (Shiawassee County) | $68,250 (±$12,049) |
| 15 | Durand | $66,743 (±$12,323) |
| 16 | Venice Township | $66,250 (±$9,299) |
| 17 | Rush Township | $65,000 (±$10,338) |
| 18 | Vernon Township (Shiawassee County) | $64,107 (±$6,968) |
| 19 | Owosso Charter Township | $56,818 (±$13,395) |
| 20 | Owosso | $54,229 (±$4,373) |
| 21 | Corunna | $46,141 (±$4,640) |
Showing 12 of 21 places in Shiawassee County, ranked from highest to lowest.
The figures for Venice Township include the places inside it that have pages of their own: Lennon.
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 Venice Township
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Questions about Venice Township
What is the median household income in Venice Township?
The median household income in Venice Township is $66,250 (±$9,299) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Venice Township?
About $47,200 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,181 a month.
Have incomes in Venice Township kept up with inflation?
In Venice Township, the median household income went from $54,625 in 2015–2019 to $66,250 in 2020–2024 (+21.3%).
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 Venice Township?
The median renting household in Venice Township, MI earns $57,917 (±$39,175) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Venice township, Shiawassee County, Michigan
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Venice township, Shiawassee County, Michigan
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Venice township, Shiawassee County, Michigan
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Venice township, Shiawassee County, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Venice township, Shiawassee County, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Venice township, Shiawassee 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 Venice township, Shiawassee County, Michigan (county subdivision:81880, in state:26 county:155).
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 Venice Township at a glance
- Median rent in Venice Township
- Home values in Venice Township
- Homeowner costs in Venice Township
- Property taxes in Venice Township
- Types of homes in Venice Township
- Bedrooms in Venice Township
- Age of homes in Venice Township
- Heating fuel in Venice Township
- Commute and cars in Venice Township
- Population growth in Venice Township
- How long people stay in Venice Township
- Michigan landlord and tenant rules
- Housing across Shiawassee County
- Michigan places ranked by median household income
- Housing data for every place in Michigan