What is the median household income in Troy Township (Richland County), OH?
The median household income in Troy Township (Richland County), OH is $61,848 (±$9,536) a year (2020–2024 American Community Survey).
Paying the median gross rent of $796 a month would take about $31,800 a year at the common guideline of spending no more than 30% of income on rent.
In Troy Township (Richland County), the median household income went from $62,297 in 2015–2019 to $61,848 in 2020–2024 (−0.7%).
Prices (CPI-U) rose 22.7% over the same years, so it fell after inflation as well.
Figures last updated on .
- Median household income
- $61,848 (±$9,536)
- Median renter income
- $30,819 (±$5,688)
- Income to afford median rent
- about $31,800
Income in Troy Township (Richland County) against Richland County, its state and the nation
| Troy Township (Richland County) | Richland County | Ohio | United States | |
|---|---|---|---|---|
| Median household income | $61,848 (±$9,536) | $59,509 (±$1,463) | $71,389 (±$321) | $80,734 |
| Median renter household income | $30,819 (±$5,688) | $37,461 (±$3,408) | $42,829 (±$325) | $52,966 |
| Median owner household income | $77,616 (±$20,100) | $73,856 (±$3,397) | $90,122 (±$343) | $100,009 |
| Median gross rent | $796 (±$113) | $824 (±$25) | $1,034 (±$5) | $1,413 |
In Troy Township (Richland County), median household income is not measurably different from Richland County ($59,509).
It is not measurably different from Ohio ($71,389).
It is lower than the national figure ($80,734).
In Richland County, Troy Township (Richland County) ranks 17 of 28 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 1596 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 Troy Township (Richland County)
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 $796 a month ($9,552 a year) needs an income of about $31,800 a year.
The median renting household in Troy Township (Richland County) earns $30,819 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 | $62,297 (±$6,729) | $61,848 (±$9,536) | −0.7% | Down after inflation |
| Median gross rent | $748 (±$127) | $796 (±$113) | +6.4% | No measurable change after inflation |
| Median home value | $155,000 (±$9,268) | $206,900 (±$27,848) | +33.5% | 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 Troy Township (Richland County)
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Troy Township (Richland County) | — | $61,848 (±$9,536) | — |
| Lexington | 2.0 mi | $52,196 (±$12,212) | Not measurably different |
| Troy Township (Morrow County) | 2.1 mi | $52,734 (±$16,386) | Not measurably different |
| Washington Township (Richland County) | 5.6 mi | $89,333 (±$7,585) | Higher |
| Springfield Township (Richland County) | 5.8 mi | $80,762 (±$7,381) | Higher |
| Ontario | 5.8 mi | $68,539 (±$8,697) | Not measurably different |
| North Bloomfield Township | 6.1 mi | $90,469 (±$22,718) | Higher |
| Perry Township (Richland County) | 6.3 mi | $98,125 (±$19,513) | Higher |
| Perry Township (Morrow County) | 6.7 mi | $54,424 (±$12,433) | Not measurably different |
Nearby places with a measurably higher figure: Washington Township (Richland County), OH ($89,333), Springfield Township (Richland County), OH ($80,762), North Bloomfield Township, OH ($90,469).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Richland County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 11 | Jefferson Township (Richland County) | $71,845 (±$23,152) |
| 12 | Plymouth Township (Richland County) | $71,250 (±$14,404) |
| 13 | Ontario | $68,539 (±$8,697) |
| 14 | Bellville | $67,396 (±$15,226) |
| 15 | Cass Township (Richland County) | $66,797 (±$21,429) |
| 16 | Shiloh | $64,432 (±$18,982) |
| 17 | Troy Township (Richland County) | $61,848 (±$9,536) |
| 18 | Bloominggrove Township | $61,164 (±$41,563) |
| 19 | Sharon Township (Richland County) | $60,684 (±$4,422) |
| 20 | Butler Township (Richland County) | $59,375 (±$51,981) |
| 21 | Shelby | $58,351 (±$5,799) |
| 22 | Madison Township (Richland County) | $57,824 (±$7,177) |
| 23 | Lucas | $57,333 (±$8,907) |
Showing 13 of 28 places in Richland 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 Troy Township (Richland County)
One account for renting, owning, managing and fixing homes, with these figures beside you.
Own or manage a rental?
List it, sign the lease and collect rent online, with the figures for Troy Township (Richland County) beside you.
Create a landlord account · See what landlords get
Looking for a place to rent?
Browse homes for rent near Troy Township (Richland County), save the ones you like and apply online.
Browse rentals · Create a renter account
Do repairs, renovations or maintenance?
Get found by owners and renters near Troy Township (Richland County), and send estimates and invoices from your phone.
Questions about Troy Township (Richland County)
What is the median household income in Troy Township (Richland County)?
The median household income in Troy Township (Richland County) is $61,848 (±$9,536) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Troy Township (Richland County)?
About $31,800 a year, if rent is to stay at or below 30% of income at the median gross rent of $796 a month.
Have incomes in Troy Township (Richland County) kept up with inflation?
In Troy Township (Richland County), the median household income went from $62,297 in 2015–2019 to $61,848 in 2020–2024 (−0.7%).
Prices (CPI-U) rose 22.7% over the same years, so it fell after inflation as well.
What do renters earn in Troy Township (Richland County)?
The median renting household in Troy Township (Richland County), OH earns $30,819 (±$5,688) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Troy township, Richland County, Ohio
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Troy township, Richland County, Ohio
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Troy township, Richland County, Ohio
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Troy township, Richland County, Ohio
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Troy township, Richland County, Ohio
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Troy township, Richland 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 Troy township, Richland County, Ohio (county subdivision:77616, in state:39 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.
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 Troy Township (Richland County) at a glance
- Median rent in Troy Township (Richland County)
- Rent by bedrooms in Troy Township (Richland County)
- Renters and owners in Troy Township (Richland County)
- Home values in Troy Township (Richland County)
- Homeowner costs in Troy Township (Richland County)
- Property taxes in Troy Township (Richland County)
- Types of homes in Troy Township (Richland County)
- Bedrooms in Troy Township (Richland County)
- Age of homes in Troy Township (Richland County)
- Heating fuel in Troy Township (Richland County)
- Commute and cars in Troy Township (Richland County)
- Population growth in Troy Township (Richland County)
- How long people stay in Troy Township (Richland County)
- Ohio landlord and tenant rules
- Housing across Richland County
- Ohio places ranked by median household income
- Housing data for every place in Ohio