CENSUS TRACT
Census Tract 1540
Michigan · Oakland County · 1,705 residents · 0.52 sq mi
Notable rankings
#47highest per-capita income in MI$85,141#247highest old in MI52.8 yrs#319highest home value in MI$391,000#446highest household income in MI$106,429TRACT SHAPE · Oakland County, MI
The short version
Census Tract 1540 is wealthier than most US places, with a median household income of $106,429. Population has declined 5% since 2020. 48% of adults hold a bachelor's degree or higher. Median home value has risen by half since 2020, reaching $391,000. With a median age of 52.8, the population is older than the US median of 38.9.
At a glance
Wealthier
above the US median
US median: $82,259
Older
median age 52.8
US median: 38.9
More educated
48% hold a bachelor's degree
US average: 36%
Less affordable
home values up 30%, inflation adjusted
US median home: $376,019
Section 01
Population & growth
Total population
1,705
−5%since 2020
from 1,799 in 2020
2020 – 2024
Population density
3,279 / sq mi
−5%since 2020
from 3,460 / sq mi in 2020
US average: 281
Median age
52.8
+8%since 2020
from 48.8 in 2020
US average: 38.9
Population, 2020 – 2024
20242K
Section 02
Income & economy
Median household income
$106,429
−5%inflation adjusted, since 2020
from $92,500 in 2020
US average: $82,259
2020 – 2024
Per capita income
$85,141
+20%since 2020
from $71,030 in 2020
US average: $44,673
Households earning $100K+
61.8%
Unchangedsince 2020
from 61.8% in 2020
US average: 53.3%
Poverty rate
5.4%
+2.3 ptssince 2020
from 3.1% in 2020
US average: 12.5%
Income inequality (Gini)
0.513
+2%since 2020
from 0.504 in 2020
US average: 0.476
Workforce by industry, 2024
Information10.1%
Retail trade9.6%
Other services8.3%
Transportation & warehousing8.2%
Public administration7.5%
Finance & insurance6%
Professional, scientific, technical6%
Wholesale trade2.5%
Agriculture, forestry, fishing1.1%
Construction1.1%
Arts, entertainment, food0.9%
Manufacturing0%
Education & health services0%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03
Housing
Median home value
$391,000
+30%inflation adjusted, since 2020
from $248,100 in 2020
US average: $376,019
2020 – 2024
Median gross rent
$1,113
−44%inflation adjusted, since 2020
from $1,646 in 2020
US average: $1,442
Owner-occupied
81.5%
+2.4 ptssince 2020
from 79.1% in 2020
18.5% rent
Vacancy rate
0.0%
−3.5 ptssince 2020
from 3.5% in 2020
US average: 10.0%
Owner cost-burdened
26.3%
−4.0 ptssince 2020
from 30.3% in 2020
US average: 22.9%
Renter cost-burdened
48.4%
+23.2 ptssince 2020
from 25.3% in 2020
US average: 47.4%
Afford Score
3.7
+37%since 2020
from 2.7 in 2020
2020 – 2024
RELATED:See current rent listings in Census Tract 1540 on RentDataNow
Section 04
Race & ethnicity
2020
White, non-Hispanic87.4%(1,572)
Black8.2%(148)
Hispanic / Latino2.9%(52)
Asian0%(0)
Other1.5%(27)
Diversity Score28.6%(514)
2024
White, non-Hispanic86.7%(1,478)
Black2.3%(39)
Hispanic / Latino7.4%(126)
Asian0.6%(11)
Other3%(51)
Diversity Score30.2%(515)
Diversity Score
30
+6%since 2020
from 29 in 2020
2020 – 2024
Section 05
Education
Bachelor's degree or higher
47.8%
−11.4 ptssince 2020
from 59.3% in 2020
US average: 35.6%
High school or higher
99.9%
−0.1 ptssince 2020
from 100.0% in 2020
US average: 89.6%
Graduate degree
22.7%
−1.3 ptssince 2020
from 23.9% in 2020
US average: 14.0%
Section 06
Commute & transportation
Average commute
24.5 min
−14%since 2020
from 28.5 min in 2020
US average: 26.5
Drive alone to work
80.5%
−6.2 ptssince 2020
from 86.8% in 2020
US average: 68.9%
Carpooled to work
0.8%
−0.9 ptssince 2020
from 1.7% in 2020
US average: 8.5%
Public transit
0.0%
Unchangedsince 2020
from 0.0% in 2020
US average: 3.2%
Worked from home
17.3%
+5.8 ptssince 2020
from 11.5% in 2020
US average: 15.0%
Walked to work
1.4%
+1.4 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
1.7%
−2.2 ptssince 2020
from 3.9% in 2020
US average: 8.3%
Section 07
Work & employment
Unemployment rate
2.9%
−1.2 ptssince 2020
from 4.0% in 2020
US average: 5.2%
Labor force participation
66.4%
−2.1 ptssince 2020
from 68.5% in 2020
US average: 63.5%
Self-employed
12.9%
+2.6 ptssince 2020
from 10.2% in 2020
US average: 13.1%
Management & professional
51.2%
−6.5 ptssince 2020
from 57.8% in 2020
US average: 42.5%
Section 08
People & community
Male
47.1%
+0.3 ptssince 2020
from 46.7% in 2020
Female
52.9%
−0.3 ptssince 2020
from 53.3% in 2020
Foreign born
9.1%
+1.9 ptssince 2020
from 7.2% in 2020
US average: 14.1%
Veterans
4.7%
−0.3 ptssince 2020
from 5.0% in 2020
US average: 6.2%
With a disability
14.6%
+5.4 ptssince 2020
from 9.2% in 2020
US average: 13.3%
Uninsured
0.7%
−0.6 ptssince 2020
from 1.3% in 2020
US average: 8.4%
Broadband at home
93.6%
+2.7 ptssince 2020
from 90.9% in 2020
US average: 91.0%
English only at home
92.1%
−4.7 ptssince 2020
from 96.8% in 2020
US average: 77.7%
Spanish at home
4.2%
+4.2 ptssince 2020
from 0.0% in 2020
US average: 13.6%
Drill deeper
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Compare Census Tract 1540 to nearby tracts
CENSUS TRACT 1540 VS
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CENSUS TRACT 1540 VS
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CENSUS TRACT 1540 VS
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CENSUS TRACT 1540 VS
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Frequently asked
How many people live in this census tract?
this census tract has about 1,705 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 $106,429 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 $391,000, and the typical rent is about $1,113 a month.
How educated are people in this census tract?
About 47.8% 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 5.4% 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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