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Michigan · Census place 82020

Vernon village, MI

Quick answer

Vernon village has 623 residents, ranking #514 of 745 places in Michigan. Median household income is $67,292, the median home is worth $122,000 and median gross rent runs $1,063 a month.

Population
623Vernon village residents
Median household income
$67,292Past 12 months, inflation adjusted
Median home value
$122,000Owner-occupied units
Median gross rent
$1,063Rent plus utilities, monthly
Median age
50.7 yrsAll residents
Homeownership rate
96.7%Owner-occupied households

What the numbers mean in Vernon village

Housing cost measured against local earnings.

A household earning the Vernon village median would spend about 19% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 1.8× the median household income; nationally that ratio sits near 4.5×. Poverty affects 13.2% of residents and 96.7% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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