What is the median household income in Farm Island Township, MN?
The median household income in Farm Island Township, MN is $68,250 (±$16,173) a year (2020–2024 American Community Survey).
In Farm Island Township, the median household income went from $63,036 in 2015–2019 to $68,250 in 2020–2024 (+8.3%).
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
- $68,250 (±$16,173)
- Median renter income
- $40,000 (±$14,935)
Income in Farm Island Township against Aitkin County, its state and the nation
| Farm Island Township | Aitkin County | Minnesota | United States | |
|---|---|---|---|---|
| Median household income | $68,250 (±$16,173) | $60,833 (±$1,982) | $89,062 (±$409) | $80,734 |
| Median renter household income | $40,000 (±$14,935) | $30,000 (±$5,657) | $51,080 (±$531) | $52,966 |
| Median owner household income | $70,000 (±$12,976) | $67,961 (±$2,671) | $108,214 (±$476) | $100,009 |
| Median gross rent | — | $869 (±$73) | $1,280 (±$7) | $1,413 |
In Farm Island Township, median household income is not measurably different from Aitkin County ($60,833).
It is also lower than in Minnesota ($89,062).
It is not measurably different from the national figure ($80,734).
In Aitkin County, Farm Island Township ranks 14 of 45 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 1903 of 2,568.
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 | $63,036 (±$6,153) | $68,250 (±$16,173) | +8.3% | No measurable change after inflation |
| Median home value | $259,200 (±$16,209) | $347,000 (±$22,656) | +33.9% | 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 Farm Island Township
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Farm Island Township | — | $68,250 (±$16,173) | — |
| Aitkin | 5.1 mi | $47,978 (±$9,131) | Lower |
| Nordland Township (Aitkin County) | 5.6 mi | $76,125 (±$10,386) | Not measurably different |
| Deerwood Township (Crow Wing County) | 5.6 mi | $95,119 (±$17,216) | Higher |
| Aitkin Township | 6.5 mi | $94,464 (±$12,127) | Higher |
| Deerwood | 7.0 mi | $62,981 (±$11,249) | Not measurably different |
| Rabbit Lake Township | 8.1 mi | $76,619 (±$3,060) | Not measurably different |
| Bay Lake Township | 8.4 mi | $74,286 (±$17,765) | Not measurably different |
| Cuyuna | 8.6 mi | $81,875 (±$23,558) | Not measurably different |
Nearby places with a measurably lower figure: Aitkin, MN ($47,978).
Nearby places with a measurably higher figure: Deerwood Township (Crow Wing County), MN ($95,119), Aitkin Township, MN ($94,464).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Aitkin County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 8 | Ball Bluff Township | $74,000 (±$14,876) |
| 9 | Waukenabo Township | $73,625 (±$15,021) |
| 10 | Workman Township | $71,786 (±$27,538) |
| 11 | Wagner Township | $71,250 (±$34,232) |
| 12 | Shamrock Township | $70,903 (±$9,125) |
| 13 | Hill Lake Township | $70,893 (±$19,033) |
| 14 | Farm Island Township | $68,250 (±$16,173) |
| 15 | Logan Township (Aitkin County) | $67,750 (±$10,173) |
| 16 (tie) | Morrison Township | $66,250 (±$60,920) |
| 16 (tie) | Verdon Township | $66,250 (±$12,644) |
| 18 | Glen Township | $64,500 (±$10,263) |
| 19 | Hazelton Township (Aitkin County) | $63,333 (±$10,143) |
| 20 | Clark Township (Aitkin County) | $62,500 (±$18,166) |
Showing 13 of 45 places in Aitkin 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 Farm Island Township
What is the median household income in Farm Island Township?
The median household income in Farm Island Township is $68,250 (±$16,173) a year (2020–2024 American Community Survey).
Have incomes in Farm Island Township kept up with inflation?
In Farm Island Township, the median household income went from $63,036 in 2015–2019 to $68,250 in 2020–2024 (+8.3%).
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 Farm Island Township?
The median renting household in Farm Island Township, MN earns $40,000 (±$14,935) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Farm Island township, Aitkin County, Minnesota
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Farm Island township, Aitkin County, Minnesota
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Farm Island township, Aitkin County, Minnesota
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Farm Island township, Aitkin County, Minnesota
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Farm Island township, Aitkin County, Minnesota
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Farm Island township, Aitkin 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 Farm Island township, Aitkin County, Minnesota (county subdivision:20654, in state:27 county:001).
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 Farm Island Township at a glance
- Home values in Farm Island Township
- Homeowner costs in Farm Island Township
- Property taxes in Farm Island Township
- Types of homes in Farm Island Township
- Bedrooms in Farm Island Township
- Age of homes in Farm Island Township
- Heating fuel in Farm Island Township
- Commute and cars in Farm Island Township
- How long people stay in Farm Island Township
- Minnesota landlord and tenant rules
- Housing across Aitkin County
- Minnesota places ranked by median household income
- Housing data for every place in Minnesota