What is the median household income in Magna metro Township, UT?
The median household income in Magna metro Township, UT is $90,346 (±$7,869) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,625 a month would take about $65,000 a year at the common guideline of spending no more than 30% of income on rent.
In Magna metro Township, the median household income went from $63,075 in 2015–2019 to $90,346 in 2020–2024 (+43.2%).
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
- $90,346 (±$7,869)
- Median renter income
- $56,510 (±$14,661)
- Income to afford median rent
- about $65,000
Income in Magna metro Township against Salt Lake County, its state and the nation
| Magna metro Township | Salt Lake County | Utah | United States | |
|---|---|---|---|---|
| Median household income | $90,346 (±$7,869) | $97,494 (±$1,272) | $95,166 (±$774) | $80,734 |
| Median renter household income | $56,510 (±$14,661) | $62,945 (±$1,735) | $60,778 (±$948) | $52,966 |
| Median owner household income | $101,094 (±$10,416) | $120,690 (±$1,313) | $114,089 (±$863) | $100,009 |
| Median gross rent | $1,625 (±$185) | $1,592 (±$16) | $1,496 (±$9) | $1,413 |
In Magna metro Township, median household income is not measurably different from Salt Lake County ($97,494).
It is not measurably different from Utah ($95,166).
It is higher than the national figure ($80,734).
In Salt Lake County, Magna metro Township ranks 16 of 22 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 122 of 264.
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 Magna metro 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 $1,625 a month ($19,500 a year) needs an income of about $65,000 a year.
The median renting household in Magna metro Township earns $56,510 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 | $63,075 (±$3,311) | $90,346 (±$7,869) | +43.2% | Up after inflation |
| Median gross rent | $1,120 (±$108) | $1,625 (±$185) | +45.1% | Up after inflation |
| Median home value | $205,000 (±$6,682) | $376,200 (±$12,291) | +83.5% | 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 Magna metro Township
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Magna metro Township | — | $90,346 (±$7,869) | — |
| Lake Point | 6.8 mi | $137,367 (±$9,683) | Higher |
| West Valley City | 10 mi | $92,209 (±$3,041) | Not measurably different |
| Stansbury Park | 11 mi | $126,526 (±$12,032) | Higher |
| Kearns metro Township | 12 mi | $86,968 (±$3,114) | Not measurably different |
| Erda | 12 mi | $148,676 (±$20,097) | Higher |
| Salt Lake City | 13 mi | $75,090 (±$2,663) | Lower |
| Copperton metro Township | 14 mi | $83,000 (±$9,083) | Not measurably different |
| Taylorsville | 14 mi | $86,413 (±$4,599) | Not measurably different |
Nearby places with a measurably lower figure: Salt Lake City, UT ($75,090).
Nearby places with a measurably higher figure: Lake Point, UT ($137,367), Stansbury Park, UT ($126,526), Erda, UT ($148,676).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Salt Lake County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 10 | Sandy | $112,176 (±$5,802) |
| 11 | West Jordan | $108,153 (±$3,084) |
| 12 | White City metro Township | $106,357 (±$9,122) |
| 13 | Millcreek | $98,045 (±$5,546) |
| 14 | West Valley City | $92,209 (±$3,041) |
| 15 | Murray | $90,746 (±$6,707) |
| 16 | Magna metro Township | $90,346 (±$7,869) |
| 17 | Kearns metro Township | $86,968 (±$3,114) |
| 18 | Taylorsville | $86,413 (±$4,599) |
| 19 | Copperton metro Township | $83,000 (±$9,083) |
| 20 | Salt Lake City | $75,090 (±$2,663) |
| 21 | Midvale | $75,084 (±$3,649) |
| 22 | South Salt Lake | $72,152 (±$5,990) |
Showing 13 of 22 places in Salt Lake 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 Magna metro Township
What is the median household income in Magna metro Township?
The median household income in Magna metro Township is $90,346 (±$7,869) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Magna metro Township?
About $65,000 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,625 a month.
Have incomes in Magna metro Township kept up with inflation?
In Magna metro Township, the median household income went from $63,075 in 2015–2019 to $90,346 in 2020–2024 (+43.2%).
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 Magna metro Township?
The median renting household in Magna metro Township, UT earns $56,510 (±$14,661) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Magna metro township, Utah
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Magna metro township, Utah
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Magna metro township, Utah
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Magna metro township, Utah
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Magna metro township, Utah
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Magna metro township, Utah
- 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 Magna metro township, Utah (place:47290, in state:49).
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 Magna metro Township at a glance
- Median rent in Magna metro Township
- Rent by bedrooms in Magna metro Township
- Rent burden in Magna metro Township
- Renters and owners in Magna metro Township
- Home values in Magna metro Township
- Homeowner costs in Magna metro Township
- Property taxes in Magna metro Township
- Types of homes in Magna metro Township
- Bedrooms in Magna metro Township
- Age of homes in Magna metro Township
- Heating fuel in Magna metro Township
- Commute and cars in Magna metro Township
- Population growth in Magna metro Township
- How long people stay in Magna metro Township
- Crowding and facilities in Magna metro Township
- Utah landlord and tenant rules
- Housing across Salt Lake County
- Utah places ranked by median household income
- Housing data for every place in Utah