What is the median household income in Farmington Township, OH?
The median household income in Farmington Township, OH is $62,609 (±$4,483) a year (2020–2024 American Community Survey).
Paying the median gross rent of $883 a month would take about $35,300 a year at the common guideline of spending no more than 30% of income on rent.
In Farmington Township, the median household income went from $59,430 in 2015–2019 to $62,609 in 2020–2024 (+5.3%).
Prices (CPI-U) rose 22.7% over the same years, so it rose more slowly than prices: a measurable decrease after inflation.
Figures last updated on .
- Median household income
- $62,609 (±$4,483)
- Median renter income
- $26,250 (±$21,994)
- Income to afford median rent
- about $35,300
Income in Farmington Township against Trumbull County, its state and the nation
| Farmington Township | Trumbull County | Ohio | United States | |
|---|---|---|---|---|
| Median household income | $62,609 (±$4,483) | $56,435 (±$1,731) | $71,389 (±$321) | $80,734 |
| Median renter household income | $26,250 (±$21,994) | $31,565 (±$1,306) | $42,829 (±$325) | $52,966 |
| Median owner household income | $64,119 (±$16,432) | $67,780 (±$1,854) | $90,122 (±$343) | $100,009 |
| Median gross rent | $883 (±$58) | $797 (±$16) | $1,034 (±$5) | $1,413 |
In Farmington Township, median household income is higher than in Trumbull County ($56,435).
It is also lower than in Ohio ($71,389).
It is lower than the national figure ($80,734).
In Trumbull County, Farmington Township ranks 16 of 43 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 1556 of 2,325.
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 Farmington 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 $883 a month ($10,596 a year) needs an income of about $35,300 a year.
The median renting household in Farmington Township earns $26,250 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 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $59,430 (±$4,254) | $62,609 (±$4,483) | +5.3% | Down after inflation |
| Median gross rent | $688 (±$218) | $883 (±$58) | +28.3% | No measurable change after inflation |
| Median home value | $140,100 (±$15,188) | $220,600 (±$24,677) | +57.5% | 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 Farmington Township
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Farmington Township | — | $62,609 (±$4,483) | — |
| West Farmington | 1.2 mi | $60,625 (±$9,235) | Not measurably different |
| Bristol Township (Trumbull County) | 4.6 mi | $69,167 (±$16,510) | Not measurably different |
| Southington Township | 4.9 mi | $69,750 (±$16,004) | Not measurably different |
| Parkman Township | 5.0 mi | $100,417 (±$11,937) | Higher |
| Mesopotamia Township | 5.2 mi | $66,167 (±$17,622) | Not measurably different |
| Nelson Township | 7.0 mi | $79,583 (±$8,866) | Higher |
| Middlefield Township | 7.1 mi | $74,342 (±$23,178) | Not measurably different |
| Bloomfield Township (Trumbull County) | 7.2 mi | $73,750 (±$12,262) | Not measurably different |
Nearby places with a measurably higher figure: Parkman Township, OH ($100,417), Nelson Township, OH ($79,583).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Trumbull County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 10 | Southington Township | $69,750 (±$16,004) |
| 11 | Champion Township | $69,626 (±$9,967) |
| 12 | Bristol Township (Trumbull County) | $69,167 (±$16,510) |
| 13 | Champion Heights | $67,940 (±$8,736) |
| 14 | Lordstown | $66,411 (±$5,390) |
| 15 | Mesopotamia Township | $66,167 (±$17,622) |
| 16 | Farmington Township | $62,609 (±$4,483) |
| 17 | Hubbard | $62,593 (±$8,760) |
| 18 | Newton Township (Trumbull County) | $62,327 (±$7,453) |
| 19 | Kinsman Township | $62,153 (±$21,961) |
| 20 | Brookfield Center | $61,250 (±$29,755) |
| 21 | Johnston Township | $60,875 (±$33,605) |
| 22 | West Farmington | $60,625 (±$9,235) |
Showing 13 of 43 places in Trumbull 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 Farmington Township
What is the median household income in Farmington Township?
The median household income in Farmington Township is $62,609 (±$4,483) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Farmington Township?
About $35,300 a year, if rent is to stay at or below 30% of income at the median gross rent of $883 a month.
Have incomes in Farmington Township kept up with inflation?
In Farmington Township, the median household income went from $59,430 in 2015–2019 to $62,609 in 2020–2024 (+5.3%).
Prices (CPI-U) rose 22.7% over the same years, so it rose more slowly than prices: a measurable decrease after inflation.
What do renters earn in Farmington Township?
The median renting household in Farmington Township, OH earns $26,250 (±$21,994) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Farmington township, Trumbull County, Ohio
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Farmington township, Trumbull County, Ohio
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Farmington township, Trumbull County, Ohio
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Farmington township, Trumbull County, Ohio
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Farmington township, Trumbull County, Ohio
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Farmington township, Trumbull County, Ohio
- 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 Farmington township, Trumbull County, Ohio (county subdivision:26684, in state:39 county:155).
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 Farmington Township at a glance
- Home values in Farmington Township
- Homeowner costs in Farmington Township
- Property taxes in Farmington Township
- Types of homes in Farmington Township
- Bedrooms in Farmington Township
- Age of homes in Farmington Township
- Heating fuel in Farmington Township
- Commute and cars in Farmington Township
- Population growth in Farmington Township
- Ohio landlord and tenant rules
- Housing across Trumbull County
- Ohio places ranked by median household income
- Housing data for every place in Ohio