What is the median household income in Farming Township, MN?

The median household income in Farming Township, MN is $95,417 (±$9,508) a year (2020–2024 American Community Survey).

Paying the median gross rent of $1,250 a month would take about $50,000 a year at the common guideline of spending no more than 30% of income on rent.

In Farming Township, the median household income went from $76,154 in 2015–2019 to $95,417 in 2020–2024 (+25.3%).

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
$95,417 (±$9,508)
Income to afford median rent
about $50,000

Income in Farming Township against Stearns County, its state and the nation

Income, estimate (90% margin of error)
Farming TownshipStearns CountyMinnesotaUnited States
Median household income$95,417 (±$9,508)$77,066 (±$1,832)$89,062 (±$409)$80,734
Median renter household income—$42,826 (±$2,417)$51,080 (±$531)$52,966
Median owner household income$96,346 (±$10,449)$96,893 (±$2,055)$108,214 (±$476)$100,009
Median gross rent$1,250 (±$516)$1,068 (±$42)$1,280 (±$7)$1,413

In Farming Township, median household income is higher than in Stearns County ($77,066).

It is not measurably different from Minnesota ($89,062).

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

In Stearns County, Farming Township ranks 25 of 63 places with a published estimate, from highest to lowest median household income.

Statewide, it ranks 864 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 Farming 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 $1,250 a month ($15,000 a year) needs an income of about $50,000 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
2015–20192020–2024Amount of changeVerdict
Median household income$76,154 (±$6,945)$95,417 (±$9,508)+25.3%No measurable change after inflation
Median gross rent$625 (±$603)$1,250 (±$516)+100.0%No measurable change after inflation
Median home value$269,100 (±$23,678)$385,000 (±$35,192)+43.1%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 Farming Township

Nearest places with a published estimate, compared with Farming Township
PlaceDistanceMedian household incomeCompared with this place
Farming Township—$95,417 (±$9,508)—
Albany Township4.6 mi$127,946 (±$18,308)Higher
Albany5.5 mi$69,167 (±$14,363)Lower
St. Martin5.6 mi$59,219 (±$22,246)Lower
Collegeville Township6.1 mi$115,909 (±$14,204)Higher
St. Martin Township6.2 mi$98,500 (±$18,778)Not measurably different
Munson Township6.6 mi$121,000 (±$16,061)Higher
Richmond7.0 mi$71,438 (±$19,281)Lower
Avon7.2 mi$91,563 (±$9,564)Not measurably different

Nearby places with a measurably lower figure: Albany, MN ($69,167), St. Martin, MN ($59,219), Richmond, MN ($71,438).

Nearby places with a measurably higher figure: Albany Township, MN ($127,946), Collegeville Township, MN ($115,909), Munson Township, MN ($121,000).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median household income across Stearns County, place by place

RankPlaceMedian household income
19Holding Township$99,073 (±$17,665)
20Sauk Centre Township$98,611 (±$16,889)
21St. Martin Township$98,500 (±$18,778)
22 (tie)Luxemburg Township$97,000 (±$22,220)
22 (tie)Melrose Township$97,000 (±$31,979)
24 (tie)Crow Lake Township$95,417 (±$30,603)
24 (tie)Farming Township$95,417 (±$9,508)
26Zion Township$95,000 (±$23,489)
27Le Sauk Township$94,167 (±$16,129)
28New Munich$92,188 (±$8,352)
29Grove Township$91,875 (±$12,277)
30Avon$91,563 (±$9,564)
31Crow River Township$91,250 (±$30,017)

Showing 13 of 63 places in Stearns 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.

What you can do on Seayora in Farming Township

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Questions about Farming Township

What is the median household income in Farming Township?

The median household income in Farming Township is $95,417 (±$9,508) a year (2020–2024 American Community Survey).

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

About $50,000 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,250 a month.

Have incomes in Farming Township kept up with inflation?

In Farming Township, the median household income went from $76,154 in 2015–2019 to $95,417 in 2020–2024 (+25.3%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

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 Farming township, Stearns County, Minnesota (county subdivision:20600, in state:27 county:145).

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.

Figures last updated on .

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