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The total population of Algoma is estimated to be 3,227 with 1,642 males (50.88%) and 1,585 females (49.12%). There are 57 less females than males in Algoma.
The median household income in Algoma was $72,765 in 2021, which marked an an increase of 3,918(5.69%) from $68,847 in 2020. This income is 97.53% 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, Algoma sees its highest median household income among householders in the age group of 25 to 44 years old, at $82,560. Overall, the median household income for the city of Algoma stands at $72,765.
In Algoma, the median income for all workers aged 15 years and older, regardless of work hours, was $45,030 for males and $23,927 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $50,476 for males and $45,700 for females.
In Algoma, population is primarily represented by White households, reporting a median income of $74,432.
In 2022, the population of Algoma was 3,213, a 0.43% decrease year-by-year from 2021. Previously, in 2021, Algoma's population was 3,227, a decline of 0.49% compared to a population of 3,243 in 2020.
The median age in Algoma, WI is 45.8, as per 2021 ACS 5-Year Estimates. Of the total population, 16.55% were under the age of 15, 17.85% aged 15 to 29, 42.41% aged 30 to 64, 20.52% aged 65 to 84, and 2.67% were 85 years of age and older.
Racial distribution of Algoma population: 93.29% are White, 1.61% are Black or African American, 0.75% are American Indian and Alaska Native, 1.49% are Asian, 1.46% are some other race and 1.40% are multiracial.