What is the median household income in Spencer Township (Medina County), OH?
The median household income in Spencer Township (Medina County), OH is $104,637 (±$12,174) a year (2020–2024 American Community Survey).
In Spencer Township (Medina County), the median household income went from $85,795 in 2015–2019 to $104,637 in 2020–2024 (+22.0%).
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 .
- Median household income
- $104,637 (±$12,174)
- Median renter income
- $80,385 (±$78,816)
Income in Spencer Township (Medina County) against Medina County, its state and the nation
| Spencer Township (Medina County) | Medina County | Ohio | United States | |
|---|---|---|---|---|
| Median household income | $104,637 (±$12,174) | $94,968 (±$2,399) | $71,389 (±$321) | $80,734 |
| Median renter household income | $80,385 (±$78,816) | $52,729 (±$3,605) | $42,829 (±$325) | $52,966 |
| Median owner household income | $106,017 (±$16,527) | $107,208 (±$2,905) | $90,122 (±$343) | $100,009 |
| Median gross rent | — | $1,143 (±$32) | $1,034 (±$5) | $1,413 |
In Spencer Township (Medina County), median household income is not measurably different from Medina County ($94,968).
It is also higher than in Ohio ($71,389).
It is higher than the national figure ($80,734).
In Medina County, Spencer Township (Medina County) ranks 12 of 28 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 272 of 2,325.
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 | $85,795 (±$25,829) | $104,637 (±$12,174) | +22.0% | No measurable change after inflation |
| Median home value | $167,300 (±$18,144) | $277,100 (±$24,664) | +65.6% | 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 Spencer Township (Medina County)
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Spencer Township (Medina County) | — | $104,637 (±$12,174) | — |
| Spencer | 1.6 mi | $73,542 (±$19,948) | Lower |
| Penfield Township | 3.5 mi | $98,563 (±$23,500) | Not measurably different |
| Chatham Township | 4.2 mi | $71,611 (±$14,384) | Lower |
| Litchfield Township | 5.4 mi | $108,419 (±$33,862) | Not measurably different |
| Homer Township (Medina County) | 5.9 mi | $76,468 (±$7,565) | Lower |
| Huntington Township (Lorain County) | 6.2 mi | $103,750 (±$27,950) | Not measurably different |
| Wellington | 7.0 mi | $61,578 (±$10,023) | Lower |
| Pheasant Run | 7.0 mi | $64,830 (±$13,919) | Lower |
Nearby places with a measurably lower figure: Spencer, OH ($73,542), Chatham Township, OH ($71,611), Homer Township (Medina County), OH ($76,468).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Medina County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 6 | Medina Township | $114,044 (±$14,610) |
| 7 | Guilford Township | $111,983 (±$14,438) |
| 8 | Sharon Center | $110,500 (±$36,763) |
| 9 | Westfield Center | $109,625 (±$25,757) |
| 10 | Litchfield Township | $108,419 (±$33,862) |
| 11 | Wadsworth Township | $106,800 (±$11,725) |
| 12 | Spencer Township (Medina County) | $104,637 (±$12,174) |
| 13 | Lafayette Township (Medina County) | $103,396 (±$7,071) |
| 14 | Westfield Township (Medina County) | $98,413 (±$3,141) |
| 15 | York Township (Medina County) | $97,788 (±$22,662) |
| 16 | Canaan Township (Medina County) | $95,298 (±$76,641) |
| 17 | Brunswick Hills Township | $94,276 (±$9,701) |
| 18 | Harrisville Township | $90,795 (±$16,184) |
Showing 13 of 28 places in Medina 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 Spencer Township (Medina County)
What is the median household income in Spencer Township (Medina County)?
The median household income in Spencer Township (Medina County) is $104,637 (±$12,174) a year (2020–2024 American Community Survey).
Have incomes in Spencer Township (Medina County) kept up with inflation?
In Spencer Township (Medina County), the median household income went from $85,795 in 2015–2019 to $104,637 in 2020–2024 (+22.0%).
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 Spencer Township (Medina County)?
The median renting household in Spencer Township (Medina County), OH earns $80,385 (±$78,816) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Spencer township, Medina County, Ohio
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Spencer township, Medina County, Ohio
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Spencer township, Medina County, Ohio
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Spencer township, Medina County, Ohio
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Spencer township, Medina County, Ohio
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Spencer township, Medina 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 Spencer township, Medina County, Ohio (county subdivision:73999, in state:39 county:103).
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 Spencer Township (Medina County) at a glance
- Home values in Spencer Township (Medina County)
- Homeowner costs in Spencer Township (Medina County)
- Property taxes in Spencer Township (Medina County)
- Types of homes in Spencer Township (Medina County)
- Age of homes in Spencer Township (Medina County)
- Heating fuel in Spencer Township (Medina County)
- Commute and cars in Spencer Township (Medina County)
- Population growth in Spencer Township (Medina County)
- Fair Market Rent in Spencer Township (Medina County)
- Ohio landlord and tenant rules
- Housing across Medina County
- Ohio places ranked by median household income
- Housing data for every place in Ohio