What is the median household income in Woodstock Township, MI?
The median household income in Woodstock Township, MI is $69,038 (±$16,289) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,042 a month would take about $41,700 a year at the common guideline of spending no more than 30% of income on rent.
In Woodstock Township, the median household income went from $54,487 in 2015–2019 to $69,038 in 2020–2024 (+26.7%).
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 .
- Median household income
- $69,038 (±$16,289)
- Median renter income
- $55,145 (±$41,437)
- Income to afford median rent
- about $41,700
Income in Woodstock Township against Lenawee County, its state and the nation
| Woodstock Township | Lenawee County | Michigan | United States | |
|---|---|---|---|---|
| Median household income | $69,038 (±$16,289) | $70,518 (±$1,768) | $72,875 (±$293) | $80,734 |
| Median renter household income | $55,145 (±$41,437) | $41,084 (±$2,686) | $42,352 (±$376) | $52,966 |
| Median owner household income | $78,646 (±$15,870) | $79,271 (±$2,780) | $87,130 (±$344) | $100,009 |
| Median gross rent | $1,042 (±$187) | $987 (±$31) | $1,129 (±$4) | $1,413 |
In Woodstock Township, median household income is not measurably different from Lenawee County ($70,518).
It is not measurably different from Michigan ($72,875).
It is not measurably different from the national figure ($80,734).
In Lenawee County, Woodstock Township ranks 18 of 26 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 774 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 Woodstock 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 $1,042 a month ($12,504 a year) needs an income of about $41,700 a year.
The median renting household in Woodstock Township earns $55,145 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 | $54,487 (±$9,484) | $69,038 (±$16,289) | +26.7% | No measurable change after inflation |
| Median gross rent | $730 (±$40) | $1,042 (±$187) | +42.7% | No measurable change after inflation |
| Median home value | $166,300 (±$11,863) | $229,800 (±$22,142) | +38.2% | 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 Woodstock Township
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Woodstock Township | — | $69,038 (±$16,289) | — |
| Manitou Beach-Devils Lake | 3.4 mi | $83,980 (±$9,710) | Not measurably different |
| Addison | 3.7 mi | $54,519 (±$7,146) | Not measurably different |
| Columbia Township (Jackson County) | 5.3 mi | $85,767 (±$8,737) | Not measurably different |
| Somerset Township | 5.9 mi | $89,303 (±$12,623) | Not measurably different |
| Brooklyn | 6.1 mi | $56,324 (±$7,738) | Not measurably different |
| Onsted | 6.2 mi | $66,964 (±$8,106) | Not measurably different |
| Vineyard Lake | 6.2 mi | $86,146 (±$54,440) | Not measurably different |
| Rollin Township | 6.4 mi | $79,736 (±$12,780) | Not measurably different |
None of the nearby places differs measurably from this one on this figure.
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Lenawee County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 12 | Cambridge Township | $77,218 (±$11,065) |
| 13 | Deerfield Township (Lenawee County) | $77,065 (±$6,804) |
| 14 | Clinton Township (Lenawee County) | $76,954 (±$5,196) |
| 15 | Dover Township (Lenawee County) | $73,889 (±$6,423) |
| 16 | Medina Township | $72,266 (±$20,707) |
| 17 | Madison Charter Township | $69,643 (±$3,091) |
| 18 | Woodstock Township | $69,038 (±$16,289) |
| 19 | Blissfield Township | $67,200 (±$25,152) |
| 20 | Seneca Township | $63,365 (±$12,819) |
| 21 | Tecumseh | $62,835 (±$8,998) |
| 22 | Fairfield Township (Lenawee County) | $60,268 (±$12,031) |
| 23 | Morenci | $59,643 (±$10,666) |
| 24 | Hudson Township (Lenawee County) | $54,471 (±$10,938) |
Showing 13 of 26 places in Lenawee County, ranked from highest to lowest.
The figures for Woodstock Township include the places inside it that have pages of their own: Cement City.
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 Woodstock Township
What is the median household income in Woodstock Township?
The median household income in Woodstock Township is $69,038 (±$16,289) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Woodstock Township?
About $41,700 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,042 a month.
Have incomes in Woodstock Township kept up with inflation?
In Woodstock Township, the median household income went from $54,487 in 2015–2019 to $69,038 in 2020–2024 (+26.7%).
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 Woodstock Township?
The median renting household in Woodstock Township, MI earns $55,145 (±$41,437) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Woodstock township, Lenawee County, Michigan
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Woodstock township, Lenawee County, Michigan
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Woodstock township, Lenawee County, Michigan
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Woodstock township, Lenawee County, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Woodstock township, Lenawee County, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Woodstock township, Lenawee 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 Woodstock township, Lenawee County, Michigan (county subdivision:88640, in state:26 county:091).
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 Woodstock Township at a glance
- Home values in Woodstock Township
- Homeowner costs in Woodstock Township
- Property taxes in Woodstock Township
- Types of homes in Woodstock Township
- Bedrooms in Woodstock Township
- Age of homes in Woodstock Township
- Heating fuel in Woodstock Township
- Commute and cars in Woodstock Township
- Population growth in Woodstock Township
- How long people stay in Woodstock Township
- Crowding and facilities in Woodstock Township
- Michigan landlord and tenant rules
- Housing across Lenawee County
- Michigan places ranked by median household income
- Housing data for every place in Michigan