What is the median household income in Trout Lake Township, MN?
The median household income in Trout Lake Township, MN is $71,136 (±$12,117) a year (2020–2024 American Community Survey).
In Trout Lake Township, the median household income went from $74,145 in 2015–2019 to $71,136 in 2020–2024 (−4.1%).
Prices (CPI-U) rose 22.7% over the same years, so it fell after inflation as well.
Figures last updated on .
- Median household income
- $71,136 (±$12,117)
- Median renter income
- $44,500 (±$40,898)
Income in Trout Lake Township against Itasca County, its state and the nation
| Trout Lake Township | Itasca County | Minnesota | United States | |
|---|---|---|---|---|
| Median household income | $71,136 (±$12,117) | $68,603 (±$4,097) | $89,062 (±$409) | $80,734 |
| Median renter household income | $44,500 (±$40,898) | $35,853 (±$4,155) | $51,080 (±$531) | $52,966 |
| Median owner household income | $71,818 (±$14,106) | $76,116 (±$3,554) | $108,214 (±$476) | $100,009 |
| Median gross rent | — | $988 (±$48) | $1,280 (±$7) | $1,413 |
In Trout Lake Township, median household income is not measurably different from Itasca County ($68,603).
It is also lower than in Minnesota ($89,062).
It is not measurably different from the national figure ($80,734).
In Itasca County, Trout Lake Township ranks 22 of 50 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 1800 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 | $74,145 (±$7,352) | $71,136 (±$12,117) | −4.1% | Down after inflation |
| Median home value | $219,500 (±$18,624) | $260,000 (±$52,353) | +18.5% | 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 Trout Lake Township
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Trout Lake Township | — | $71,136 (±$12,117) | — |
| Coleraine | 3.6 mi | $74,716 (±$8,295) | Not measurably different |
| Bovey | 4.1 mi | $64,083 (±$6,650) | Not measurably different |
| La Prairie | 5.2 mi | $69,375 (±$12,826) | Not measurably different |
| Taconite | 5.4 mi | $84,375 (±$39,790) | Not measurably different |
| Blackberry Township | 5.9 mi | $71,406 (±$12,960) | Not measurably different |
| Grand Rapids | 7.0 mi | $61,029 (±$8,215) | Not measurably different |
| Feeley Township | 7.6 mi | $91,250 (±$39,630) | Not measurably different |
| Marble | 7.7 mi | $53,958 (±$13,566) | Not measurably different |
None of the nearby places differs measurably from this one on this figure.
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Itasca County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 16 | Coleraine | $74,716 (±$8,295) |
| 17 | Oteneagen Township | $74,688 (±$27,446) |
| 18 (tie) | Bearville Township | $72,083 (±$14,781) |
| 18 (tie) | Bowstring Township | $72,083 (±$15,109) |
| 20 | Blackberry Township | $71,406 (±$12,960) |
| 21 | Lawrence Township (Itasca County) | $71,250 (±$37,608) |
| 22 | Trout Lake Township | $71,136 (±$12,117) |
| 23 | Arbo Township | $70,893 (±$18,046) |
| 24 | Deer River Township | $70,750 (±$16,522) |
| 25 | La Prairie | $69,375 (±$12,826) |
| 26 | Ardenhurst Township | $66,250 (±$7,364) |
| 27 | Greenway Township | $66,094 (±$8,806) |
| 28 | Stokes Township (Itasca County) | $65,625 (±$22,744) |
Showing 13 of 50 places in Itasca 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 Trout Lake Township
What is the median household income in Trout Lake Township?
The median household income in Trout Lake Township is $71,136 (±$12,117) a year (2020–2024 American Community Survey).
Have incomes in Trout Lake Township kept up with inflation?
In Trout Lake Township, the median household income went from $74,145 in 2015–2019 to $71,136 in 2020–2024 (−4.1%).
Prices (CPI-U) rose 22.7% over the same years, so it fell after inflation as well.
What do renters earn in Trout Lake Township?
The median renting household in Trout Lake Township, MN earns $44,500 (±$40,898) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Trout Lake township, Itasca County, Minnesota
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Trout Lake township, Itasca County, Minnesota
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Trout Lake township, Itasca County, Minnesota
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Trout Lake township, Itasca County, Minnesota
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Trout Lake township, Itasca County, Minnesota
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Trout Lake township, Itasca 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 Trout Lake township, Itasca County, Minnesota (county subdivision:65596, in state:27 county:061).
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 Trout Lake Township at a glance
- Home values in Trout Lake Township
- Homeowner costs in Trout Lake Township
- Property taxes in Trout Lake Township
- Types of homes in Trout Lake Township
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- Age of homes in Trout Lake Township
- Heating fuel in Trout Lake Township
- Commute and cars in Trout Lake Township
- Population growth in Trout Lake Township
- How long people stay in Trout Lake Township
- Minnesota landlord and tenant rules
- Housing across Itasca County
- Minnesota places ranked by median household income
- Housing data for every place in Minnesota