What is the median household income in Spring Lake Township, MN?

The median household income in Spring Lake Township, MN is $146,953 (±$25,165) a year (2020–2024 American Community Survey).

Paying the median gross rent of $2,197 a month would take about $87,900 a year at the common guideline of spending no more than 30% of income on rent.

In Spring Lake Township, the median household income went from $115,321 in 2015–2019 to $146,953 in 2020–2024 (+27.4%).

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
$146,953 (±$25,165)
Median renter income
$64,881 (±$8,672)
Income to afford median rent
about $87,900

Income in Spring Lake Township against Scott County, its state and the nation

Income, estimate (90% margin of error)
Spring Lake TownshipScott CountyMinnesotaUnited States
Median household income$146,953 (±$25,165)$119,314 (±$3,959)$89,062 (±$409)$80,734
Median renter household income$64,881 (±$8,672)$57,685 (±$5,414)$51,080 (±$531)$52,966
Median owner household income$149,034 (±$16,344)$133,154 (±$3,831)$108,214 (±$476)$100,009
Median gross rent$2,197 (±$386)$1,568 (±$61)$1,280 (±$7)$1,413

In Spring Lake Township, median household income is higher than in Scott County ($119,314).

It is also higher than in Minnesota ($89,062).

It is higher than the national figure ($80,734).

In Scott County, Spring Lake Township ranks 4 of 18 places with a published estimate, from highest to lowest median household income.

Statewide, it ranks 64 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 Spring Lake 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 $2,197 a month ($26,364 a year) needs an income of about $87,900 a year.

The median renting household in Spring Lake Township earns $64,881 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 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Median household income$115,321 (±$18,431)$146,953 (±$25,165)+27.4%No measurable change after inflation
Median home value$384,100 (±$26,234)$629,600 (±$44,796)+63.9%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 Spring Lake Township

Nearest places with a published estimate, compared with Spring Lake Township
PlaceDistanceMedian household incomeCompared with this place
Spring Lake Township—$146,953 (±$25,165)—
Prior Lake4.3 mi$134,255 (±$11,762)Not measurably different
Credit River5.1 mi$143,125 (±$25,255)Not measurably different
Cedar Lake Township5.2 mi$173,500 (±$25,000)Not measurably different
Sand Creek Township6.2 mi$101,023 (±$12,536)Lower
Jackson Township7.0 mi$68,884 (±$28,650)Lower
Shakopee7.4 mi$107,223 (±$5,511)Lower
Louisville Township (Scott County)7.7 mi$143,125 (±$32,076)Not measurably different
New Market Township7.8 mi$130,231 (±$16,014)Not measurably different

Nearby places with a measurably lower figure: Sand Creek Township, MN ($101,023), Jackson Township, MN ($68,884), Shakopee, MN ($107,223).

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

Median household income across Scott County, place by place

RankPlaceMedian household income
1Cedar Lake Township$173,500 (±$25,000)
2Helena Township$156,000 (±$22,297)
3Elko New Market$152,150 (±$13,226)
4Spring Lake Township$146,953 (±$25,165)
5 (tie)Credit River$143,125 (±$25,255)
5 (tie)Louisville Township (Scott County)$143,125 (±$32,076)
7Prior Lake$134,255 (±$11,762)
8New Market Township$130,231 (±$16,014)
9St. Lawrence Township$125,625 (±$16,670)
10Savage$125,513 (±$4,032)

Showing 10 of 18 places in Scott 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 Spring Lake Township

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Questions about Spring Lake Township

What is the median household income in Spring Lake Township?

The median household income in Spring Lake Township is $146,953 (±$25,165) a year (2020–2024 American Community Survey).

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

About $87,900 a year, if rent is to stay at or below 30% of income at the median gross rent of $2,197 a month.

Have incomes in Spring Lake Township kept up with inflation?

In Spring Lake Township, the median household income went from $115,321 in 2015–2019 to $146,953 in 2020–2024 (+27.4%).

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 Spring Lake Township?

The median renting household in Spring Lake Township, MN earns $64,881 (±$8,672) a year.

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 Spring Lake township, Scott County, Minnesota (county subdivision:61978, in state:27 county:139).

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.

Figures last updated on .

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