What is the median household income in Salem Township (Olmsted County), MN?
The median household income in Salem Township (Olmsted County), MN is $102,143 (±$31,558) a year (2020–2024 American Community Survey).
In Salem Township (Olmsted County), the median household income went from $86,875 in 2015–2019 to $102,143 in 2020–2024 (+17.6%).
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
- $102,143 (±$31,558)
- Median renter income
- $101,250 (±$55,232)
Income in Salem Township (Olmsted County) against Olmsted County, its state and the nation
| Salem Township (Olmsted County) | Olmsted County | Minnesota | United States | |
|---|---|---|---|---|
| Median household income | $102,143 (±$31,558) | $95,406 (±$3,039) | $89,062 (±$409) | $80,734 |
| Median renter household income | $101,250 (±$55,232) | $57,054 (±$3,598) | $51,080 (±$531) | $52,966 |
| Median owner household income | $102,143 (±$34,020) | $118,027 (±$3,242) | $108,214 (±$476) | $100,009 |
| Median gross rent | — | $1,370 (±$37) | $1,280 (±$7) | $1,413 |
In Salem Township (Olmsted County), median household income is not measurably different from Olmsted County ($95,406).
It is not measurably different from Minnesota ($89,062).
It is not measurably different from the national figure ($80,734).
In Olmsted County, Salem Township (Olmsted County) ranks 17 of 24 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 617 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 | $86,875 (±$18,141) | $102,143 (±$31,558) | +17.6% | No measurable change after inflation |
| Median home value | $295,200 (±$24,598) | $417,100 (±$56,239) | +41.3% | 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 Salem Township (Olmsted County)
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Salem Township (Olmsted County) | — | $102,143 (±$31,558) | — |
| Rochester Township | 3.9 mi | $246,050 (±$9,162) | Higher |
| Byron | 4.5 mi | $124,010 (±$18,165) | Not measurably different |
| Rock Dell Township | 5.9 mi | $118,333 (±$16,183) | Not measurably different |
| Kalmar Township | 6.3 mi | $160,764 (±$12,474) | Higher |
| Canisteo Township | 6.6 mi | $110,833 (±$26,657) | Not measurably different |
| Rochester | 7.2 mi | $89,389 (±$2,992) | Not measurably different |
| Kasson | 7.7 mi | $93,333 (±$7,046) | Not measurably different |
| High Forest Township | 8.3 mi | $108,558 (±$8,836) | Not measurably different |
Nearby places with a measurably higher figure: Rochester Township, MN ($246,050), Kalmar Township, MN ($160,764).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Olmsted County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 11 | Elmira Township | $117,917 (±$13,687) |
| 12 | Marion Township | $116,797 (±$9,822) |
| 13 | Dover | $116,250 (±$17,917) |
| 14 | Viola Township | $111,667 (±$15,860) |
| 15 | High Forest Township | $108,558 (±$8,836) |
| 16 | Quincy Township | $106,250 (±$32,810) |
| 17 | Salem Township (Olmsted County) | $102,143 (±$31,558) |
| 18 | Eyota Township | $91,989 (±$15,098) |
| 19 | Rochester | $89,389 (±$2,992) |
| 20 | Farmington Township | $87,750 (±$26,625) |
| 21 | Eyota | $82,930 (±$8,499) |
| 22 | Stewartville | $82,632 (±$25,596) |
| 23 | Pleasant Grove Township | $77,000 (±$25,128) |
Showing 13 of 24 places in Olmsted 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 Salem Township (Olmsted County)
What is the median household income in Salem Township (Olmsted County)?
The median household income in Salem Township (Olmsted County) is $102,143 (±$31,558) a year (2020–2024 American Community Survey).
Have incomes in Salem Township (Olmsted County) kept up with inflation?
In Salem Township (Olmsted County), the median household income went from $86,875 in 2015–2019 to $102,143 in 2020–2024 (+17.6%).
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 Salem Township (Olmsted County)?
The median renting household in Salem Township (Olmsted County), MN earns $101,250 (±$55,232) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Salem township, Olmsted County, Minnesota
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Salem township, Olmsted County, Minnesota
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Salem township, Olmsted County, Minnesota
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Salem township, Olmsted County, Minnesota
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Salem township, Olmsted County, Minnesota
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Salem township, Olmsted 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 Salem township, Olmsted County, Minnesota (county subdivision:58234, in state:27 county:109).
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 Salem Township (Olmsted County) at a glance
- Home values in Salem Township (Olmsted County)
- Homeowner costs in Salem Township (Olmsted County)
- Property taxes in Salem Township (Olmsted County)
- Types of homes in Salem Township (Olmsted County)
- Bedrooms in Salem Township (Olmsted County)
- Age of homes in Salem Township (Olmsted County)
- Heating fuel in Salem Township (Olmsted County)
- Commute and cars in Salem Township (Olmsted County)
- Population growth in Salem Township (Olmsted County)
- Minnesota landlord and tenant rules
- Housing across Olmsted County
- Minnesota places ranked by median household income
- Housing data for every place in Minnesota