What is the median household income in Penn Township (Chester County), PA?
The median household income in Penn Township (Chester County), PA is $136,250 (±$25,131) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,086 a month would take about $43,400 a year at the common guideline of spending no more than 30% of income on rent.
In Penn Township (Chester County), the median household income went from $75,512 in 2015–2019 to $136,250 in 2020–2024 (+80.4%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
Figures last updated on .
- Median household income
- $136,250 (±$25,131)
- Median renter income
- $50,707 (±$16,495)
- Income to afford median rent
- about $43,400
Income in Penn Township (Chester County) against Chester County, its state and the nation
| Penn Township (Chester County) | Chester County | Pennsylvania | United States | |
|---|---|---|---|---|
| Median household income | $136,250 (±$25,131) | $127,208 (±$2,511) | $77,971 (±$342) | $80,734 |
| Median renter household income | $50,707 (±$16,495) | $72,048 (±$3,796) | $47,506 (±$425) | $52,966 |
| Median owner household income | $147,891 (±$16,307) | $152,573 (±$2,451) | $95,990 (±$362) | $100,009 |
| Median gross rent | $1,086 (±$630) | $1,763 (±$28) | $1,209 (±$5) | $1,413 |
In Penn Township (Chester County), median household income is not measurably different from Chester County ($127,208).
It is also higher than in Pennsylvania ($77,971).
It is higher than the national figure ($80,734).
In Chester County, Penn Township (Chester County) ranks 30 of 73 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 93 of 2,545.
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 Penn Township (Chester 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 $1,086 a month ($13,032 a year) needs an income of about $43,400 a year.
The median renting household in Penn Township (Chester County) earns $50,707 a year.
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 | $75,512 (±$16,939) | $136,250 (±$25,131) | +80.4% | Up after inflation |
| Median gross rent | $317 (±$239) | $1,086 (±$630) | +242.6% | Up after inflation |
| Median home value | $325,500 (±$16,209) | $498,600 (±$36,548) | +53.2% | 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 Penn Township (Chester County)
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Penn Township (Chester County) | — | $136,250 (±$25,131) | — |
| West Grove | 2.4 mi | $92,697 (±$12,105) | Lower |
| London Grove Township | 3.2 mi | $175,558 (±$19,783) | Higher |
| New London Township | 3.5 mi | $165,313 (±$19,416) | Not measurably different |
| Londonderry Township (Chester County) | 3.9 mi | $122,841 (±$19,928) | Not measurably different |
| Upper Oxford Township | 4.7 mi | $114,688 (±$17,894) | Not measurably different |
| Avondale | 4.9 mi | $78,681 (±$26,702) | Lower |
| Franklin Township (Chester County) | 5.0 mi | $144,403 (±$22,131) | Not measurably different |
| West Marlborough Township | 5.8 mi | $73,438 (±$31,231) | Lower |
Nearby places with a measurably lower figure: West Grove, PA ($92,697), Avondale, PA ($78,681), West Marlborough Township, PA ($73,438).
Nearby places with a measurably higher figure: London Grove Township, PA ($175,558).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Chester County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 24 | Kennett Township | $150,709 (±$13,912) |
| 25 | East Whiteland Township | $147,460 (±$19,994) |
| 26 | East Pikeland Township | $146,526 (±$18,435) |
| 27 | Franklin Township (Chester County) | $144,403 (±$22,131) |
| 28 | Westtown Township | $138,664 (±$9,144) |
| 29 | East Vincent Township | $138,214 (±$47,529) |
| 30 | Penn Township (Chester County) | $136,250 (±$25,131) |
| 31 | Uwchlan Township | $134,184 (±$8,217) |
| 32 | West Whiteland Township | $133,460 (±$7,379) |
| 33 | West Goshen Township | $132,242 (±$4,804) |
| 34 | East Nottingham Township | $129,750 (±$20,180) |
| 35 | West Nantmeal Township | $126,154 (±$14,436) |
| 36 | Londonderry Township (Chester County) | $122,841 (±$19,928) |
Showing 13 of 73 places in Chester 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 Penn Township (Chester County)
What is the median household income in Penn Township (Chester County)?
The median household income in Penn Township (Chester County) is $136,250 (±$25,131) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Penn Township (Chester County)?
About $43,400 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,086 a month.
Have incomes in Penn Township (Chester County) kept up with inflation?
In Penn Township (Chester County), the median household income went from $75,512 in 2015–2019 to $136,250 in 2020–2024 (+80.4%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
What do renters earn in Penn Township (Chester County)?
The median renting household in Penn Township (Chester County), PA earns $50,707 (±$16,495) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Penn township, Chester County, Pennsylvania
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Penn township, Chester County, Pennsylvania
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Penn township, Chester County, Pennsylvania
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Penn township, Chester County, Pennsylvania
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Penn township, Chester County, Pennsylvania
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Penn township, Chester County, Pennsylvania
- 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 Penn township, Chester County, Pennsylvania (county subdivision:58808, in state:42 county:029).
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
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- How long people stay in Penn Township (Chester County)
- Fair Market Rent in Penn Township (Chester County)
- Pennsylvania landlord and tenant rules
- Housing across Chester County
- Pennsylvania places ranked by median household income
- Housing data for every place in Pennsylvania