What is the median household income in Prospect Township, OH?
The median household income in Prospect Township, OH is $83,796 (±$17,935) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,051 a month would take about $42,000 a year at the common guideline of spending no more than 30% of income on rent.
In Prospect Township, the median household income went from $58,750 in 2015–2019 to $83,796 in 2020–2024 (+42.6%).
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
- $83,796 (±$17,935)
- Median renter income
- $41,944 (±$18,302)
- Income to afford median rent
- about $42,000
Income in Prospect Township against Marion County, its state and the nation
| Prospect Township | Marion County | Ohio | United States | |
|---|---|---|---|---|
| Median household income | $83,796 (±$17,935) | $59,371 (±$4,308) | $71,389 (±$321) | $80,734 |
| Median renter household income | $41,944 (±$18,302) | $36,106 (±$7,319) | $42,829 (±$325) | $52,966 |
| Median owner household income | $85,424 (±$5,802) | $77,828 (±$4,499) | $90,122 (±$343) | $100,009 |
| Median gross rent | $1,051 (±$111) | $864 (±$31) | $1,034 (±$5) | $1,413 |
In Prospect Township, median household income is higher than in Marion County ($59,371).
It is not measurably different from Ohio ($71,389).
It is not measurably different from the national figure ($80,734).
In Marion County, Prospect Township ranks 6 of 21 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 677 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 Prospect 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 $1,051 a month ($12,612 a year) needs an income of about $42,000 a year.
The median renting household in Prospect Township earns $41,944 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 | $58,750 (±$14,700) | $83,796 (±$17,935) | +42.6% | No measurable change after inflation |
| Median gross rent | $938 (±$192) | $1,051 (±$111) | +12.0% | No measurable change after inflation |
| Median home value | $140,700 (±$21,176) | $167,400 (±$22,477) | +19.0% | 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 Prospect Township
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Prospect Township | — | $83,796 (±$17,935) | — |
| Prospect | 1.2 mi | $70,833 (±$14,297) | Not measurably different |
| Green Camp | 4.4 mi | $56,250 (±$10,093) | Lower |
| Pleasant Township (Marion County) | 4.9 mi | $96,049 (±$18,366) | Not measurably different |
| Waldo | 5.3 mi | $64,519 (±$7,121) | Not measurably different |
| Thompson Township (Delaware County) | 5.5 mi | $167,674 (±$80,079) | Higher |
| Waldo Township | 5.9 mi | $90,114 (±$29,531) | Not measurably different |
| Green Camp Township | 6.2 mi | $102,833 (±$22,758) | Not measurably different |
| Richwood | 6.5 mi | $64,007 (±$14,039) | Not measurably different |
Nearby places with a measurably lower figure: Green Camp, OH ($56,250).
Nearby places with a measurably higher figure: Thompson Township (Delaware County), OH ($167,674).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Marion County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 1 | Richland Township (Marion County) | $111,875 (±$14,699) |
| 2 | Green Camp Township | $102,833 (±$22,758) |
| 3 | Pleasant Township (Marion County) | $96,049 (±$18,366) |
| 4 | Grand Prairie Township | $94,517 (±$9,081) |
| 5 | Waldo Township | $90,114 (±$29,531) |
| 6 | Prospect Township | $83,796 (±$17,935) |
| 7 | Salt Rock Township | $83,000 (±$34,545) |
| 8 | Claridon Township (Marion County) | $78,750 (±$18,915) |
| 9 | La Rue | $75,156 (±$22,813) |
| 10 | Grand Township | $71,250 (±$56,213) |
| 11 | Prospect | $70,833 (±$14,297) |
| 12 | Caledonia | $69,792 (±$29,184) |
Showing 12 of 21 places in Marion 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 Prospect Township
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Questions about Prospect Township
What is the median household income in Prospect Township?
The median household income in Prospect Township is $83,796 (±$17,935) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Prospect Township?
About $42,000 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,051 a month.
Have incomes in Prospect Township kept up with inflation?
In Prospect Township, the median household income went from $58,750 in 2015–2019 to $83,796 in 2020–2024 (+42.6%).
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 Prospect Township?
The median renting household in Prospect Township, OH earns $41,944 (±$18,302) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Prospect township, Marion County, Ohio
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Prospect township, Marion County, Ohio
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Prospect township, Marion County, Ohio
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Prospect township, Marion County, Ohio
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Prospect township, Marion County, Ohio
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Prospect township, Marion 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 Prospect township, Marion County, Ohio (county subdivision:64794, in state:39 county:101).
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 Prospect Township at a glance
- Median rent in Prospect Township
- Renters and owners in Prospect Township
- Home values in Prospect Township
- Homeowner costs in Prospect Township
- Property taxes in Prospect Township
- Types of homes in Prospect Township
- Bedrooms in Prospect Township
- Age of homes in Prospect Township
- Heating fuel in Prospect Township
- Commute and cars in Prospect Township
- Population growth in Prospect Township
- Ohio landlord and tenant rules
- Housing across Marion County
- Ohio places ranked by median household income
- Housing data for every place in Ohio