What is the median household income in Le Ray Township, MN?
The median household income in Le Ray Township, MN is $91,250 (±$12,633) a year (2020–2024 American Community Survey).
Paying the median gross rent of $734 a month would take about $29,400 a year at the common guideline of spending no more than 30% of income on rent.
In Le Ray Township, the median household income went from $90,000 in 2015–2019 to $91,250 in 2020–2024 (+1.4%).
Prices (CPI-U) rose 22.7% over the same years, so it rose more slowly than prices: a measurable decrease after inflation.
Figures last updated on .
- Median household income
- $91,250 (±$12,633)
- Median renter income
- $56,875 (±$24,593)
- Income to afford median rent
- about $29,400
Income in Le Ray Township against Blue Earth County, its state and the nation
| Le Ray Township | Blue Earth County | Minnesota | United States | |
|---|---|---|---|---|
| Median household income | $91,250 (±$12,633) | $74,477 (±$2,447) | $89,062 (±$409) | $80,734 |
| Median renter household income | $56,875 (±$24,593) | $47,614 (±$5,122) | $51,080 (±$531) | $52,966 |
| Median owner household income | $94,375 (±$12,137) | $96,836 (±$2,942) | $108,214 (±$476) | $100,009 |
| Median gross rent | $734 (±$374) | $1,123 (±$53) | $1,280 (±$7) | $1,413 |
In Le Ray Township, median household income is higher than in Blue Earth County ($74,477).
It is not measurably different from Minnesota ($89,062).
It is not measurably different from the national figure ($80,734).
In Blue Earth County, Le Ray Township ranks 19 of 34 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 1003 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 Le Ray 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 $734 a month ($8,808 a year) needs an income of about $29,400 a year.
The median renting household in Le Ray Township earns $56,875 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 | $90,000 (±$5,601) | $91,250 (±$12,633) | +1.4% | Down after inflation |
| Median home value | $273,800 (±$23,000) | $394,100 (±$44,422) | +43.9% | 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 Le Ray Township
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Le Ray Township | — | $91,250 (±$12,633) | — |
| Eagle Lake | 3.1 mi | $96,964 (±$15,824) | Not measurably different |
| Madison Lake | 4.0 mi | $87,727 (±$14,266) | Not measurably different |
| Jamestown Township | 4.7 mi | $105,750 (±$22,436) | Not measurably different |
| St. Clair | 5.0 mi | $106,136 (±$4,133) | Higher |
| McPherson Township | 5.5 mi | $108,333 (±$30,562) | Not measurably different |
| Mankato Township | 5.7 mi | $113,269 (±$20,462) | Not measurably different |
| Janesville | 5.9 mi | $74,643 (±$8,658) | Lower |
| Janesville Township | 6.4 mi | $111,719 (±$15,495) | Higher |
Nearby places with a measurably lower figure: Janesville, MN ($74,643).
Nearby places with a measurably higher figure: St. Clair, MN ($106,136), Janesville Township, MN ($111,719).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Blue Earth County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 13 | Shelby Township | $102,083 (±$25,345) |
| 14 | Medo Township | $99,583 (±$24,331) |
| 15 | Judson Township | $98,250 (±$9,564) |
| 16 | Eagle Lake | $96,964 (±$15,824) |
| 17 | Cambria Township | $93,264 (±$11,006) |
| 18 | Rapidan Township | $91,667 (±$20,701) |
| 19 | Le Ray Township | $91,250 (±$12,633) |
| 20 | Lincoln Township (Blue Earth County) | $89,063 (±$18,280) |
| 21 | Madison Lake | $87,727 (±$14,266) |
| 22 | South Bend Township | $87,500 (±$20,019) |
| 23 | Garden City Township | $85,469 (±$19,751) |
| 24 | Lake Crystal | $83,317 (±$8,435) |
| 25 | Good Thunder | $81,667 (±$22,244) |
Showing 13 of 34 places in Blue Earth 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 Le Ray Township
What is the median household income in Le Ray Township?
The median household income in Le Ray Township is $91,250 (±$12,633) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Le Ray Township?
About $29,400 a year, if rent is to stay at or below 30% of income at the median gross rent of $734 a month.
Have incomes in Le Ray Township kept up with inflation?
In Le Ray Township, the median household income went from $90,000 in 2015–2019 to $91,250 in 2020–2024 (+1.4%).
Prices (CPI-U) rose 22.7% over the same years, so it rose more slowly than prices: a measurable decrease after inflation.
What do renters earn in Le Ray Township?
The median renting household in Le Ray Township, MN earns $56,875 (±$24,593) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Le Ray township, Blue Earth County, Minnesota
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Le Ray township, Blue Earth County, Minnesota
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Le Ray township, Blue Earth County, Minnesota
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Le Ray township, Blue Earth County, Minnesota
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Le Ray township, Blue Earth County, Minnesota
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Le Ray township, Blue Earth 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 Le Ray township, Blue Earth County, Minnesota (county subdivision:36584, in state:27 county:013).
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 Le Ray Township at a glance
- Home values in Le Ray Township
- Homeowner costs in Le Ray Township
- Property taxes in Le Ray Township
- Types of homes in Le Ray Township
- Bedrooms in Le Ray Township
- Age of homes in Le Ray Township
- Heating fuel in Le Ray Township
- Commute and cars in Le Ray Township
- Minnesota landlord and tenant rules
- Housing across Blue Earth County
- Minnesota places ranked by median household income
- Housing data for every place in Minnesota