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

Name: Income and affordability in Spencer Township, MN, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median household income in Spencer Township, MN is $81,375 (±$9,736) a year (2020–2024 American Community Survey).

Paying the median gross rent of $1,342 a month would take about $53,700 a year at the common guideline of spending no more than 30% of income on rent.

In Spencer Township, the median household income went from $66,176 in 2015–2019 to $81,375 in 2020–2024 (+23.0%).

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 November 12, 2026.

Median household income: $81,375 (±$9,736)
Income to afford median rent: about $53,700

Income in Spencer Township against Aitkin County, its state and the nation

Income, estimate (90% margin of error)
	Spencer Township	Aitkin County	Minnesota	United States
Median household income	$81,375 (±$9,736)	$60,833 (±$1,982)	$89,062 (±$409)	$80,734
Median renter household income	—	$30,000 (±$5,657)	$51,080 (±$531)	$52,966
Median owner household income	$88,333 (±$13,008)	$67,961 (±$2,671)	$108,214 (±$476)	$100,009
Median gross rent	$1,342 (±$76)	$869 (±$73)	$1,280 (±$7)	$1,413

In Spencer Township, median household income is higher than in Aitkin County ($60,833).

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

It is not measurably different from the national figure ($80,734).

In Aitkin County, Spencer Township ranks 3 of 45 places with a published estimate, from highest to lowest median household income.

Statewide, it ranks 1391 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 Spencer 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 $1,342 a month ($16,104 a year) needs an income of about $53,700 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
	2015–2019	2020–2024	Amount of change	Verdict
Median household income	$66,176 (±$4,087)	$81,375 (±$9,736)	+23.0%	No measurable change after inflation
Median gross rent	$725 (±$108)	$1,342 (±$76)	+85.1%	Up after inflation
Median home value	$173,400 (±$23,511)	$242,100 (±$21,365)	+39.6%	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 Spencer Township

Nearest places with a published estimate, compared with Spencer Township
Place	Distance	Median household income	Compared with this place
Spencer Township	—	$81,375 (±$9,736)	—
Aitkin	4.0 mi	$47,978 (±$9,131)	Lower
Nordland Township (Aitkin County)	6.0 mi	$76,125 (±$10,386)	Not measurably different
Kimberly Township	6.3 mi	$76,250 (±$15,032)	Not measurably different
Aitkin Township	6.7 mi	$94,464 (±$12,127)	Not measurably different
Morrison Township	7.0 mi	$66,250 (±$60,920)	Not measurably different
Fleming Township (Aitkin County)	8.0 mi	$57,500 (±$12,178)	Lower
Farm Island Township	8.6 mi	$68,250 (±$16,173)	Not measurably different
Glen Township	10 mi	$64,500 (±$10,263)	Lower

Nearby places with a measurably lower figure: Aitkin, MN ($47,978), Fleming Township (Aitkin County), MN ($57,500), Glen Township, MN ($64,500).

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

Median household income across Aitkin County, place by place

Rank	Place	Median household income
1	Aitkin Township	$94,464 (±$12,127)
2	Cornish Township (Aitkin County)	$93,750 (±$53,980)
3	Spencer Township	$81,375 (±$9,736)
4	Jevne Township	$78,125 (±$26,378)
5 (tie)	Kimberly Township	$76,250 (±$15,032)
5 (tie)	White Pine Township	$76,250 (±$39,148)
7	Nordland Township (Aitkin County)	$76,125 (±$10,386)
8	Ball Bluff Township	$74,000 (±$14,876)
9	Waukenabo Township	$73,625 (±$15,021)

Showing 9 of 45 places in Aitkin 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 Spencer Township

One account for renting, owning, managing and fixing homes, with these figures beside you.

Own or manage a rental?

List it, sign the lease and collect rent online, with the figures for Spencer Township beside you.

Create a landlord account · See what landlords get

Looking for a place to rent?

Browse homes for rent near Spencer Township, save the ones you like and apply online.

Browse rentals · Create a renter account

Do repairs, renovations or maintenance?

Get found by owners and renters near Spencer Township, and send estimates and invoices from your phone.

Join as a pro · Find a pro

Questions about Spencer Township

What is the median household income in Spencer Township?

The median household income in Spencer Township is $81,375 (±$9,736) a year (2020–2024 American Community Survey).

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

About $53,700 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,342 a month.

Have incomes in Spencer Township kept up with inflation?

In Spencer Township, the median household income went from $66,176 in 2015–2019 to $81,375 in 2020–2024 (+23.0%).

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 Spencer township, Aitkin County, Minnesota (county subdivision:61654, in state:27 county:001).

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.