Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.New option added for paying Lodi Township Tax bills:Ĭurrent full tax payments can now be made at Old National Bank (Saline Branch ONLY) at 200 North Maple Rd, Saline, MI 48176 (click for map) during the branch’s normal business hours. It represents the wealth of the area relative to the national level. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources.The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home.An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. Includes college residents halls, nursing facilities, military barracks, and correctional facilities. Group Quarters - a place where people live or stay in a group living arrangement.
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