What is the median household income in Paynesville Township, MN?
The median household income in Paynesville Township, MN is $103,906 (±$18,698) a year (2020–2024 American Community Survey).
Paying the median gross rent of $850 a month would take about $34,000 a year at the common guideline of spending no more than 30% of income on rent.
In Paynesville Township, the median household income went from $77,679 in 2015–2019 to $103,906 in 2020–2024 (+33.8%).
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
- $103,906 (±$18,698)
- Median renter income
- $54,792 (±$2,206)
- Income to afford median rent
- about $34,000
Income in Paynesville Township against Stearns County, its state and the nation
| Paynesville Township | Stearns County | Minnesota | United States | |
|---|---|---|---|---|
| Median household income | $103,906 (±$18,698) | $77,066 (±$1,832) | $89,062 (±$409) | $80,734 |
| Median renter household income | $54,792 (±$2,206) | $42,826 (±$2,417) | $51,080 (±$531) | $52,966 |
| Median owner household income | $108,750 (±$19,924) | $96,893 (±$2,055) | $108,214 (±$476) | $100,009 |
| Median gross rent | $850 (±$618) | $1,068 (±$42) | $1,280 (±$7) | $1,413 |
In Paynesville 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, Paynesville Township ranks 14 of 63 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 564 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 Paynesville 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 $850 a month ($10,200 a year) needs an income of about $34,000 a year.
The median renting household in Paynesville Township earns $54,792 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 | $77,679 (±$9,106) | $103,906 (±$18,698) | +33.8% | No measurable change after inflation |
| Median gross rent | $905 (±$198) | $850 (±$618) | −6.1% | No measurable change after inflation |
| Median home value | $259,800 (±$20,617) | $367,400 (±$38,005) | +41.4% | 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 Paynesville Township
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Paynesville Township | — | $103,906 (±$18,698) | — |
| Paynesville | 1.8 mi | $75,250 (±$14,663) | Lower |
| Union Grove Township | 5.4 mi | $90,694 (±$5,403) | Not measurably different |
| Roscoe | 5.6 mi | $48,750 (±$13,368) | Lower |
| Eden Lake Township | 5.8 mi | $106,518 (±$14,211) | Not measurably different |
| Zion Township | 6.0 mi | $95,000 (±$23,489) | Not measurably different |
| Roseville Township (Kandiyohi County) | 6.2 mi | $87,596 (±$18,303) | Not measurably different |
| Eden Valley | 7.6 mi | $67,917 (±$4,748) | Lower |
| Regal | 7.7 mi | $88,750 (±$21,107) | Not measurably different |
Nearby places with a measurably lower figure: Paynesville, MN ($75,250), Roscoe, MN ($48,750), Eden Valley, MN ($67,917).
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
| Rank | Place | Median household income |
|---|---|---|
| 8 | Avon Township | $107,917 (±$11,686) |
| 9 | Eden Lake Township | $106,518 (±$14,211) |
| 10 | Lake Henry | $105,357 (±$26,839) |
| 11 | Rockville | $105,329 (±$14,903) |
| 12 | St. Stephen | $105,313 (±$11,331) |
| 13 | St. Wendel Township | $105,057 (±$32,123) |
| 14 | Paynesville Township | $103,906 (±$18,698) |
| 15 | Millwood Township | $103,393 (±$21,199) |
| 16 | Krain Township | $101,667 (±$24,850) |
| 17 | Maine Prairie Township | $100,313 (±$13,746) |
| 18 | St. Joseph Township (Stearns County) | $100,000 (±$12,896) |
| 19 | Holding Township | $99,073 (±$17,665) |
| 20 | Sauk Centre Township | $98,611 (±$16,889) |
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.
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Questions about Paynesville Township
What is the median household income in Paynesville Township?
The median household income in Paynesville Township is $103,906 (±$18,698) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Paynesville Township?
About $34,000 a year, if rent is to stay at or below 30% of income at the median gross rent of $850 a month.
Have incomes in Paynesville Township kept up with inflation?
In Paynesville Township, the median household income went from $77,679 in 2015–2019 to $103,906 in 2020–2024 (+33.8%).
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 Paynesville Township?
The median renting household in Paynesville Township, MN earns $54,792 (±$2,206) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Paynesville township, Stearns County, Minnesota
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Paynesville township, Stearns County, Minnesota
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Paynesville township, Stearns County, Minnesota
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Paynesville township, Stearns County, Minnesota
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Paynesville township, Stearns County, Minnesota
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Paynesville township, Stearns 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 Paynesville township, Stearns County, Minnesota (county subdivision:49984, 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.
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 Paynesville Township at a glance
- Home values in Paynesville Township
- Homeowner costs in Paynesville Township
- Property taxes in Paynesville Township
- Types of homes in Paynesville Township
- Bedrooms in Paynesville Township
- Age of homes in Paynesville Township
- Heating fuel in Paynesville Township
- Commute and cars in Paynesville Township
- Population growth in Paynesville Township
- How long people stay in Paynesville Township
- Minnesota landlord and tenant rules
- Housing across Stearns County
- Minnesota places ranked by median household income
- Housing data for every place in Minnesota