What is the median household income in the Town of Laketown, WI?
The median household income in the Town of Laketown, WI is $83,030 (±$3,897) a year (2020–2024 American Community Survey).
Paying the median gross rent of $633 a month would take about $25,300 a year at the common guideline of spending no more than 30% of income on rent.
In the Town of Laketown, the median household income went from $52,083 in 2015–2019 to $83,030 in 2020–2024 (+59.4%).
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
- $83,030 (±$3,897)
- Median renter income
- $46,544 (±$13,803)
- Income to afford median rent
- about $25,300
Income in the Town of Laketown against Polk County, its state and the nation
| Town of Laketown | Polk County | Wisconsin | United States | |
|---|---|---|---|---|
| Median household income | $83,030 (±$3,897) | $77,219 (±$2,446) | $77,485 (±$455) | $80,734 |
| Median renter household income | $46,544 (±$13,803) | $47,788 (±$3,443) | $48,374 (±$478) | $52,966 |
| Median owner household income | $83,977 (±$3,493) | $85,668 (±$2,613) | $95,874 (±$462) | $100,009 |
| Median gross rent | $633 (±$17) | $957 (±$45) | $1,087 (±$4) | $1,413 |
In the Town of Laketown, median household income is higher than in Polk County ($77,219).
It is also higher than in Wisconsin ($77,485).
It is not measurably different from the national figure ($80,734).
In Polk County, the Town of Laketown ranks 13 of 35 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 803 of 1,844.
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 the Town of Laketown
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 $633 a month ($7,596 a year) needs an income of about $25,300 a year.
The median renting household in the Town of Laketown earns $46,544 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 | $52,083 (±$7,792) | $83,030 (±$3,897) | +59.4% | Up after inflation |
| Median home value | $183,200 (±$19,807) | $234,900 (±$25,348) | +28.2% | 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 the Town of Laketown
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Town of Laketown | — | $83,030 (±$3,897) | — |
| Town of Eureka | 5.1 mi | $87,642 (±$14,866) | Not measurably different |
| Town of Trade Lake | 6.4 mi | $89,250 (±$16,551) | Not measurably different |
| Luck | 6.7 mi | $68,606 (±$8,112) | Lower |
| Town of Luck | 6.9 mi | $79,375 (±$13,038) | Not measurably different |
| Milltown | 7.0 mi | $42,083 (±$11,489) | Lower |
| Frederic | 7.9 mi | $52,800 (±$6,645) | Lower |
| Town of Sterling (Polk County) | 8.1 mi | $61,875 (±$25,004) | Not measurably different |
| Town of Milltown | 9.0 mi | $63,889 (±$8,583) | Lower |
Nearby places with a measurably lower figure: Luck, WI ($68,606), Milltown, WI ($42,083), Frederic, WI ($52,800).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Polk County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 7 | Town of Lincoln (Polk County) | $95,826 (±$5,641) |
| 8 | Town of Alden | $94,878 (±$9,214) |
| 9 | Town of Osceola (Polk County) | $92,250 (±$17,344) |
| 10 | Town of Balsam Lake | $89,167 (±$13,631) |
| 11 | Town of Eureka | $87,642 (±$14,866) |
| 12 | Town of Clam Falls | $86,250 (±$13,736) |
| 13 | Town of Laketown | $83,030 (±$3,897) |
| 14 | Town of St. Croix Falls | $81,818 (±$18,359) |
| 15 | Dresser | $80,114 (±$12,580) |
| 16 | Town of Luck | $79,375 (±$13,038) |
| 17 | Town of Beaver (Polk County) | $78,750 (±$16,216) |
| 18 | Town of Clayton (Polk County) | $77,500 (±$15,727) |
| 19 | Town of Georgetown (Polk County) | $77,308 (±$16,140) |
Showing 13 of 35 places in Polk 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 Town of Laketown
What is the median household income in the Town of Laketown?
The median household income in the Town of Laketown is $83,030 (±$3,897) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in the Town of Laketown?
About $25,300 a year, if rent is to stay at or below 30% of income at the median gross rent of $633 a month.
Have incomes in the Town of Laketown kept up with inflation?
In the Town of Laketown, the median household income went from $52,083 in 2015–2019 to $83,030 in 2020–2024 (+59.4%).
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 the Town of Laketown?
The median renting household in the Town of Laketown, WI earns $46,544 (±$13,803) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Laketown town, Polk County, Wisconsin
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Laketown town, Polk County, Wisconsin
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Laketown town, Polk County, Wisconsin
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Laketown town, Polk County, Wisconsin
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Laketown town, Polk County, Wisconsin
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Laketown town, Polk County, Wisconsin
- 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 Laketown town, Polk County, Wisconsin (county subdivision:41900, in state:55 county:095).
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 the Town of Laketown at a glance
- Home values in the Town of Laketown
- Homeowner costs in the Town of Laketown
- Property taxes in the Town of Laketown
- Types of homes in the Town of Laketown
- Bedrooms in the Town of Laketown
- Age of homes in the Town of Laketown
- Heating fuel in the Town of Laketown
- Commute and cars in the Town of Laketown
- Population growth in the Town of Laketown
- How long people stay in the Town of Laketown
- Wisconsin landlord and tenant rules
- Housing across Polk County
- Wisconsin places ranked by median household income
- Housing data for every place in Wisconsin