CENSUS TRACT
Census Tract 1240
Michigan · Oakland County · 6,256 residents · 31.749 sq mi
Notable rankings
#67highest rent burden in MI#1388 US83.0%#117highest population in MI6,256#131highest commute in MI34.1 minTRACT SHAPE · Oakland County, MI
The short version
Census Tract 1240 is wealthier than most US places, with a median household income of $98,897. Population has held roughly steady since 2020. Median home value is $272,800.
At a glance
Wealthier
above the US median
US median: $82,259
Mid-age
median age 40.7
US median: 38.9
Less educated
26% hold a bachelor's degree
US average: 36%
Stable housing
home values roughly flat, inflation adjusted
US median home: $376,019
Section 01
Population & growth
Total population
6,256
+13%since 2020
from 5,520 in 2020
2020 – 2024
Population density
197 / sq mi
+13%since 2020
from 174 / sq mi in 2020
US average: 281
Median age
40.7
Unchangedsince 2020
from 40.8 in 2020
US average: 38.9
Population, 2020 – 2024
20246K
Section 02
Income & economy
Median household income
$98,897
−7%inflation adjusted, since 2020
from $87,530 in 2020
US average: $82,259
2020 – 2024
Per capita income
$41,392
+14%since 2020
from $36,425 in 2020
US average: $44,673
Households earning $100K+
57.2%
−3.5 ptssince 2020
from 60.7% in 2020
US average: 53.3%
Poverty rate
10.2%
+1.9 ptssince 2020
from 8.3% in 2020
US average: 12.5%
Income inequality (Gini)
0.370
−6%since 2020
from 0.395 in 2020
US average: 0.476
Workforce by industry, 2024
Retail trade24.2%
Wholesale trade11.2%
Finance & insurance7.7%
Information7.1%
Professional, scientific, technical7.1%
Other services6.4%
Public administration6.4%
Agriculture, forestry, fishing0.8%
Construction0.8%
Arts, entertainment, food0.7%
Transportation & warehousing0.7%
Education & health services0.6%
Manufacturing0%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03
Housing
Median home value
$272,800
+7%inflation adjusted, since 2020
from $211,200 in 2020
US average: $376,019
2020 – 2024
Median gross rent
$1,035
−13%inflation adjusted, since 2020
from $979 in 2020
US average: $1,442
Owner-occupied
89.2%
+3.7 ptssince 2020
from 85.5% in 2020
10.8% rent
Vacancy rate
0.0%
−6.3 ptssince 2020
from 6.3% in 2020
US average: 10.0%
Owner cost-burdened
22.3%
+8.2 ptssince 2020
from 14.0% in 2020
US average: 22.9%
Renter cost-burdened
83.0%
+20.6 ptssince 2020
from 62.4% in 2020
US average: 47.4%
Afford Score
2.8
+14%since 2020
from 2.4 in 2020
2020 – 2024
RELATED:See current rent listings in Census Tract 1240 on RentDataNow
Section 04
Race & ethnicity
2020
White, non-Hispanic87.2%(4,816)
Black5.6%(308)
Hispanic / Latino4.2%(231)
Asian1.3%(74)
Other1.6%(91)
Diversity Score29.2%(1,611)
2024
White, non-Hispanic89.3%(5,588)
Black2.1%(133)
Hispanic / Latino5.5%(347)
Asian0.8%(51)
Other2.2%(137)
Diversity Score24.8%(1,549)
Diversity Score
25
−15%since 2020
from 29 in 2020
2020 – 2024
Section 05
Education
Bachelor's degree or higher
25.9%
−1.4 ptssince 2020
from 27.4% in 2020
US average: 35.6%
High school or higher
94.8%
+1.1 ptssince 2020
from 93.7% in 2020
US average: 89.6%
Graduate degree
6.8%
−3.4 ptssince 2020
from 10.1% in 2020
US average: 14.0%
Section 06
Commute & transportation
Average commute
34.1 min
−7%since 2020
from 36.6 min in 2020
US average: 26.5
Drive alone to work
80.6%
−2.3 ptssince 2020
from 82.9% in 2020
US average: 68.9%
Carpooled to work
3.9%
−3.4 ptssince 2020
from 7.3% in 2020
US average: 8.5%
Public transit
0.0%
Unchangedsince 2020
from 0.0% in 2020
US average: 3.2%
Worked from home
14.4%
+5.3 ptssince 2020
from 9.2% in 2020
US average: 15.0%
Walked to work
0.6%
+0.6 ptssince 2020
from 0.0% in 2020
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2020
from 0.0% in 2020
US average: 0.4%
No vehicle available
7.7%
Unchangedsince 2020
from 7.7% in 2020
US average: 8.3%
Section 07
Work & employment
Unemployment rate
11.0%
+5.4 ptssince 2020
from 5.6% in 2020
US average: 5.2%
Labor force participation
65.7%
+3.1 ptssince 2020
from 62.6% in 2020
US average: 63.5%
Self-employed
13.0%
+4.0 ptssince 2020
from 9.0% in 2020
US average: 13.1%
Management & professional
45.5%
+1.1 ptssince 2020
from 44.3% in 2020
US average: 42.5%
Section 08
People & community
Male
48.4%
−2.5 ptssince 2020
from 50.9% in 2020
Female
51.6%
+2.5 ptssince 2020
from 49.1% in 2020
Foreign born
3.5%
+0.7 ptssince 2020
from 2.8% in 2020
US average: 14.1%
Veterans
6.6%
+2.1 ptssince 2020
from 4.6% in 2020
US average: 6.2%
With a disability
14.7%
−0.4 ptssince 2020
from 15.1% in 2020
US average: 13.3%
Uninsured
4.9%
+0.8 ptssince 2020
from 4.1% in 2020
US average: 8.4%
Broadband at home
93.1%
+4.1 ptssince 2020
from 89.0% in 2020
US average: 91.0%
English only at home
96.0%
−1.5 ptssince 2020
from 97.5% in 2020
US average: 77.7%
Spanish at home
2.1%
+1.5 ptssince 2020
from 0.7% in 2020
US average: 13.6%
Drill deeper
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Compare Census Tract 1240 to nearby tracts
CENSUS TRACT 1240 VS
Census Tract 1245
Income$64,305−35%
Home value$192,300−30%
Population5,964−5%
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CENSUS TRACT 1240 VS
Census Tract 133.02
Income$112,188+13%
Home value$370,700+36%
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CENSUS TRACT 1240 VS
Census Tract 132.02
Income$100,451+2%
Home value$259,700−5%
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CENSUS TRACT 1240 VS
Census Tract 1230
Income$100,172+1%
Home value$345,100+27%
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Frequently asked
How many people live in this census tract?
this census tract has about 6,256 residents according to the 2024 American Community Survey.
What is the median household income in this census tract?
The typical household in this census tract earns about $98,897 a year. Half of households make more than that, and half make less.
Is this census tract expensive?
In this census tract, the median home is worth about $272,800, and the typical rent is about $1,035 a month.
How educated are people in this census tract?
About 25.9% of adults age 25 and over in this census tract hold a bachelor's degree or higher.
What is the poverty rate in this census tract?
About 10.2% of people in this census tract live below the federal poverty line.
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Containing area
Oakland CountyOther census tracts in Oakland County
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