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The total population of Bay Lake township is estimated to be 967 with 520 males (53.77%) and 447 females (46.23%). There are 73 less females than males in Bay Lake township.
The median household income in Bay Lake township was $75,304 in 2021, which marked an a decrease of 4,636(5.80%) from $79,940 in 2020. This income is 100.94% 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, Bay Lake township sees its highest median household income among householders in the age group of 25 to 44 years old, at $101,111. Overall, the median household income for the township of Bay Lake township stands at $75,304.
In Bay Lake township, the median income for all workers aged 15 years and older, regardless of work hours, was $46,502 for males and $28,464 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $63,697 for males and $58,099 for females.
In Bay Lake township, population is primarily represented by White households, reporting a median income of $74,313.
In 2022, the population of Bay Lake township was 952, a 1.17% increase year-by-year from 2021. Previously, in 2021, Bay Lake township's population was 941, an increase of 1.73% compared to a population of 925 in 2020.
The median age in Bay Lake Township, Minnesota is 62.1, as per 2021 ACS 5-Year Estimates. Of the total population, 3.89% were under the age of 15, 5.33% aged 15 to 29, 48.00% aged 30 to 64, 41.11% aged 65 to 84, and 1.67% were 85 years of age and older.
Racial distribution of Bay Lake township population: 98.78% are White, 1% are some other race and 0.22% are multiracial.