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The median household income in Credit River township was $149,725 in 2021, which marked an a decrease of 1,833(1.21%) from $151,558 in 2020. This income is 200.69% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Credit River township sees its highest median household income among householders in the age group of 45 to 64 years old, at $170,874. Overall, the median household income for the township of Credit River township stands at $149,725.
In Credit River township, the median income for all workers aged 15 years and older, regardless of work hours, was $84,153 for males and $43,677 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $99,084 for males and $93,201 for females.
In Credit River township, population is primarily represented by White households, reporting a median income of $149,679.
In 2021, the population of Credit River township was 5,551, a 1.18% increase year-by-year from 2020. Previously, in 2020, Credit River township's population was 5,486, a decline of 2.52% compared to a population of 5,628 in 2019.
The median age in Credit River Township, Minnesota is 42.6, as per 2021 ACS 5-Year Estimates. Of the total population, 23.39% were under the age of 15, 14.00% aged 15 to 29, 52.19% aged 30 to 64, 9.53% aged 65 to 84, and 0.90% were 85 years of age and older.
The total population of Credit River township is estimated to be 5,465 with 2,978 males (54.49%) and 2,487 females (45.51%). There are 491 less females than males in Credit River township.
Racial distribution of Credit River township population: 99.18% are White, 0.02% are Black or African American, 0.55% are Asian and 0.26% are multiracial.