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

Name: Income and affordability in Waterford Charter Township, MI, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median household income in Waterford Charter Township, MI is $77,101 (±$3,050) a year (2020–2024 American Community Survey).

Paying the median gross rent of $1,111 a month would take about $44,400 a year at the common guideline of spending no more than 30% of income on rent.

In Waterford Charter Township, the median household income went from $62,321 in 2015–2019 to $77,101 in 2020–2024 (+23.7%).

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 November 12, 2026.

Median household income: $77,101 (±$3,050)
Median renter income: $45,435 (±$2,545)
Income to afford median rent: about $44,400

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

Income, estimate (90% margin of error)
	Waterford Charter Township	Oakland County	Michigan	United States
Median household income	$77,101 (±$3,050)	$97,760 (±$1,268)	$72,875 (±$293)	$80,734
Median renter household income	$45,435 (±$2,545)	$59,047 (±$1,564)	$42,352 (±$376)	$52,966
Median owner household income	$89,595 (±$3,523)	$118,600 (±$1,461)	$87,130 (±$344)	$100,009
Median gross rent	$1,111 (±$30)	$1,376 (±$14)	$1,129 (±$4)	$1,413

In Waterford Charter Township, median household income is lower than in Oakland County ($97,760).

It is also higher than in Michigan ($72,875).

It is lower than the national figure ($80,734).

In Oakland County, Waterford Charter Township ranks 40 of 50 places with a published estimate, from highest to lowest median household income.

Statewide, it ranks 536 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 Waterford 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 $1,111 a month ($13,332 a year) needs an income of about $44,400 a year.

The median renting household in Waterford Charter Township earns $45,435 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 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median household income	$62,321 (±$1,979)	$77,101 (±$3,050)	+23.7%	No measurable change after inflation
Median gross rent	$875 (±$21)	$1,111 (±$30)	+27.0%	No measurable change after inflation
Median home value	$165,000 (±$2,166)	$250,900 (±$6,444)	+52.1%	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 Waterford Charter Township

Nearest places with a published estimate, compared with Waterford Charter Township
Place	Distance	Median household income	Compared with this place
Waterford Charter Township	—	$77,101 (±$3,050)	—
Lake Angelus	3.8 mi	$216,908 (±$57,416)	Higher
Sylvan Lake	4.2 mi	$106,429 (±$35,671)	Not measurably different
Keego Harbor	4.3 mi	$64,896 (±$17,519)	Not measurably different
Orchard Lake Village	5.1 mi	$206,667 (±$28,483)	Higher
Village of Clarkston	5.1 mi	$93,452 (±$10,510)	Higher
Pontiac	5.2 mi	$44,329 (±$3,375)	Lower
Independence Charter Township	5.9 mi	$114,699 (±$6,973)	Higher
White Lake Charter Township	6.0 mi	$94,985 (±$4,032)	Higher

Nearby places with a measurably lower figure: Pontiac, MI ($44,329).

Nearby places with a measurably higher figure: Lake Angelus, MI ($216,908), Orchard Lake Village, MI ($206,667), Village of Clarkston, MI ($93,452).

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
34	Ferndale	$94,640 (±$5,294)
35	Brandon Charter Township	$93,523 (±$12,066)
36	Village of Clarkston	$93,452 (±$10,510)
37	South Lyon	$92,467 (±$13,249)
38	Clawson	$88,636 (±$4,504)
39	Auburn Hills	$84,375 (±$8,211)
40	Waterford Charter Township	$77,101 (±$3,050)
41	Holly Township	$75,276 (±$14,600)
42	Walled Lake	$72,055 (±$10,108)
43	Oak Park	$71,510 (±$5,543)
44	Madison Heights	$69,503 (±$3,984)
45	Southfield	$68,166 (±$2,471)
46	Hazel Park	$67,073 (±$5,662)

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.

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Questions about Waterford Charter Township

What is the median household income in Waterford Charter Township?

The median household income in Waterford Charter Township is $77,101 (±$3,050) a year (2020–2024 American Community Survey).

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

About $44,400 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,111 a month.

Have incomes in Waterford Charter Township kept up with inflation?

In Waterford Charter Township, the median household income went from $62,321 in 2015–2019 to $77,101 in 2020–2024 (+23.7%).

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 Waterford Charter Township?

The median renting household in Waterford Charter Township, MI earns $45,435 (±$2,545) 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 Waterford charter township, Oakland County, Michigan (county subdivision:84240, 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.