What is the median household income in Farden Township, MN?
The median household income in Farden Township, MN is $72,328 (±$7,014) a year (2020–2024 American Community Survey).
Paying the median gross rent of $859 a month would take about $34,400 a year at the common guideline of spending no more than 30% of income on rent.
In Farden Township, the median household income went from $63,472 in 2015–2019 to $72,328 in 2020–2024 (+14.0%).
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
- $72,328 (±$7,014)
- Median renter income
- $70,250 (±$1,670)
- Income to afford median rent
- about $34,400
Income in Farden Township against Hubbard County, its state and the nation
| Farden Township | Hubbard County | Minnesota | United States | |
|---|---|---|---|---|
| Median household income | $72,328 (±$7,014) | $71,995 (±$2,136) | $89,062 (±$409) | $80,734 |
| Median renter household income | $70,250 (±$1,670) | $37,873 (±$8,943) | $51,080 (±$531) | $52,966 |
| Median owner household income | $78,750 (±$27,246) | $80,345 (±$3,080) | $108,214 (±$476) | $100,009 |
| Median gross rent | $859 (±$115) | $905 (±$149) | $1,280 (±$7) | $1,413 |
In Farden Township, median household income is not measurably different from Hubbard County ($71,995).
It is also lower than in Minnesota ($89,062).
It is lower than the national figure ($80,734).
In Hubbard County, Farden Township ranks 21 of 31 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 1734 of 2,568.
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 Farden 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 $859 a month ($10,308 a year) needs an income of about $34,400 a year.
The median renting household in Farden Township earns $70,250 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 | $63,472 (±$9,506) | $72,328 (±$7,014) | +14.0% | No measurable change after inflation |
| Median gross rent | $656 (±$87) | $859 (±$115) | +30.9% | No measurable change after inflation |
| Median home value | $158,200 (±$15,363) | $271,600 (±$32,189) | +71.7% | 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 Farden Township
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Farden Township | — | $72,328 (±$7,014) | — |
| Pike Bay Township | 5.7 mi | $72,750 (±$19,232) | Not measurably different |
| Hart Lake Township | 6.1 mi | $88,750 (±$13,508) | Higher |
| Helga Township | 6.1 mi | $98,500 (±$10,477) | Higher |
| Cass Lake | 6.5 mi | $48,250 (±$15,515) | Lower |
| Frohn Township | 7.1 mi | $90,156 (±$18,789) | Not measurably different |
| Guthrie Township | 7.3 mi | $71,250 (±$12,504) | Not measurably different |
| Bemidji Township | 7.9 mi | $82,750 (±$10,206) | Not measurably different |
| Wilkinson Township | 8.4 mi | $64,286 (±$15,301) | Not measurably different |
Nearby places with a measurably lower figure: Cass Lake, MN ($48,250).
Nearby places with a measurably higher figure: Hart Lake Township, MN ($88,750), Helga Township, MN ($98,500).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Hubbard County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 15 | Straight River Township | $78,250 (±$7,868) |
| 16 | Lakeport Township | $78,068 (±$11,374) |
| 17 | Hendrickson Township | $76,250 (±$19,671) |
| 18 | Lake Alice Township | $75,833 (±$27,382) |
| 19 | Badoura Township | $73,125 (±$7,439) |
| 20 | Henrietta Township | $72,500 (±$13,551) |
| 21 | Farden Township | $72,328 (±$7,014) |
| 22 | Guthrie Township | $71,250 (±$12,504) |
| 23 | White Oak Township | $70,156 (±$16,151) |
| 24 | Nevis Township | $69,500 (±$5,250) |
| 25 | Akeley Township | $66,696 (±$22,247) |
| 26 | Lake Hattie Township | $61,563 (±$42,996) |
| 27 | Nevis | $60,268 (±$14,454) |
Showing 13 of 31 places in Hubbard 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 Farden Township
What is the median household income in Farden Township?
The median household income in Farden Township is $72,328 (±$7,014) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Farden Township?
About $34,400 a year, if rent is to stay at or below 30% of income at the median gross rent of $859 a month.
Have incomes in Farden Township kept up with inflation?
In Farden Township, the median household income went from $63,472 in 2015–2019 to $72,328 in 2020–2024 (+14.0%).
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 Farden Township?
The median renting household in Farden Township, MN earns $70,250 (±$1,670) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Farden township, Hubbard County, Minnesota
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Farden township, Hubbard County, Minnesota
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Farden township, Hubbard County, Minnesota
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Farden township, Hubbard County, Minnesota
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Farden township, Hubbard County, Minnesota
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Farden township, Hubbard County, Minnesota
- 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 Farden township, Hubbard County, Minnesota (county subdivision:20528, in state:27 county:057).
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 Farden Township at a glance
- Renters and owners in Farden Township
- Home values in Farden Township
- Homeowner costs in Farden Township
- Property taxes in Farden Township
- Types of homes in Farden Township
- Bedrooms in Farden Township
- Age of homes in Farden Township
- Heating fuel in Farden Township
- Commute and cars in Farden Township
- Population growth in Farden Township
- How long people stay in Farden Township
- Minnesota landlord and tenant rules
- Housing across Hubbard County
- Minnesota places ranked by median household income
- Housing data for every place in Minnesota