What is the median household income in Forest Township (Rice County), MN?
The median household income in Forest Township (Rice County), MN is $125,938 (±$16,796) a year (2020–2024 American Community Survey).
Paying the median gross rent of $992 a month would take about $39,700 a year at the common guideline of spending no more than 30% of income on rent.
In Forest Township (Rice County), the median household income went from $100,694 in 2015–2019 to $125,938 in 2020–2024 (+25.1%).
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
- $125,938 (±$16,796)
- Median renter income
- $34,271 (±$16,441)
- Income to afford median rent
- about $39,700
Income in Forest Township (Rice County) against Rice County, its state and the nation
| Forest Township (Rice County) | Rice County | Minnesota | United States | |
|---|---|---|---|---|
| Median household income | $125,938 (±$16,796) | $83,181 (±$2,894) | $89,062 (±$409) | $80,734 |
| Median renter household income | $34,271 (±$16,441) | $42,068 (±$6,105) | $51,080 (±$531) | $52,966 |
| Median owner household income | $142,969 (±$24,679) | $97,004 (±$3,756) | $108,214 (±$476) | $100,009 |
| Median gross rent | $992 (±$114) | $1,083 (±$65) | $1,280 (±$7) | $1,413 |
In Forest Township (Rice County), median household income is higher than in Rice County ($83,181).
It is also higher than in Minnesota ($89,062).
It is higher than the national figure ($80,734).
In Rice County, Forest Township (Rice County) ranks 1 of 20 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 156 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 Forest Township (Rice County)
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 $992 a month ($11,904 a year) needs an income of about $39,700 a year.
The median renting household in Forest Township (Rice County) earns $34,271 a year, less than that.
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 | $100,694 (±$14,068) | $125,938 (±$16,796) | +25.1% | No measurable change after inflation |
| Median gross rent | $840 (±$130) | $992 (±$114) | +18.1% | No measurable change after inflation |
| Median home value | $332,900 (±$19,592) | $478,100 (±$41,640) | +43.6% | 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 Forest Township (Rice County)
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Forest Township (Rice County) | — | $125,938 (±$16,796) | — |
| Bridgewater Township | 5.4 mi | $121,000 (±$18,167) | Not measurably different |
| Wells Township | 5.5 mi | $87,574 (±$13,381) | Lower |
| Webster Township | 5.9 mi | $119,671 (±$16,528) | Not measurably different |
| Lonsdale | 6.1 mi | $95,176 (±$10,313) | Lower |
| Erin Township | 6.5 mi | $108,583 (±$16,617) | Not measurably different |
| Dundas | 6.8 mi | $116,310 (±$11,964) | Not measurably different |
| Cannon City Township | 8.3 mi | $101,667 (±$28,128) | Not measurably different |
| Faribault | 8.4 mi | $61,449 (±$3,728) | Lower |
Nearby places with a measurably lower figure: Wells Township, MN ($87,574), Lonsdale, MN ($95,176), Faribault, MN ($61,449).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Rice County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 1 | Forest Township (Rice County) | $125,938 (±$16,796) |
| 2 | Bridgewater Township | $121,000 (±$18,167) |
| 3 | Webster Township | $119,671 (±$16,528) |
| 4 | Dundas | $116,310 (±$11,964) |
| 5 | Wheatland Township | $114,375 (±$27,446) |
| 6 | Erin Township | $108,583 (±$16,617) |
| 7 | Northfield Township | $104,286 (±$26,695) |
Showing 7 of 20 places in Rice 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 Forest Township (Rice County)
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Questions about Forest Township (Rice County)
What is the median household income in Forest Township (Rice County)?
The median household income in Forest Township (Rice County) is $125,938 (±$16,796) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Forest Township (Rice County)?
About $39,700 a year, if rent is to stay at or below 30% of income at the median gross rent of $992 a month.
Have incomes in Forest Township (Rice County) kept up with inflation?
In Forest Township (Rice County), the median household income went from $100,694 in 2015–2019 to $125,938 in 2020–2024 (+25.1%).
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 Forest Township (Rice County)?
The median renting household in Forest Township (Rice County), MN earns $34,271 (±$16,441) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Forest township, Rice County, Minnesota
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Forest township, Rice County, Minnesota
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Forest township, Rice County, Minnesota
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Forest township, Rice County, Minnesota
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Forest township, Rice County, Minnesota
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Forest township, Rice 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 Forest township, Rice County, Minnesota (county subdivision:21680, in state:27 county:131).
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 Forest Township (Rice County) at a glance
- Home values in Forest Township (Rice County)
- Homeowner costs in Forest Township (Rice County)
- Property taxes in Forest Township (Rice County)
- Types of homes in Forest Township (Rice County)
- Bedrooms in Forest Township (Rice County)
- Age of homes in Forest Township (Rice County)
- Heating fuel in Forest Township (Rice County)
- Commute and cars in Forest Township (Rice County)
- Population growth in Forest Township (Rice County)
- How long people stay in Forest Township (Rice County)
- Minnesota landlord and tenant rules
- Housing across Rice County
- Minnesota places ranked by median household income
- Housing data for every place in Minnesota