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The total population of Beloit town is estimated to be 7,735 with 4,189 males (54.16%) and 3,546 females (45.84%). There are 643 less females than males in Beloit town.
The median household income in Beloit town was $73,747 in 2021, which marked an an increase of 1,991(2.77%) from $71,756 in 2020. This income is 98.85% 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, Beloit town sees its highest median household income among householders in the age group of 45 to 64 years old, at $91,804. Overall, the median household income for the town of Beloit town stands at $73,747.
In Beloit town, the median income for all workers aged 15 years and older, regardless of work hours, was $42,470 for males and $28,740 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $67,431 for males and $46,184 for females.
In Beloit town, the demographic landscape is diverse, spanning 4 distinct racial categories among households. Among these, Two or More Races households have the highest median household income at $109,442, while Black or African American households represent the opposite end with the lowest median household income of $30,298.
In 2022, the population of Beloit town was 7,733, a 0.88% decrease year-by-year from 2021. Previously, in 2021, Beloit town's population was 7,802, an increase of 1.09% compared to a population of 7,718 in 2020.
The median age in Beloit Town, Wisconsin is 46.2, as per 2021 ACS 5-Year Estimates. Of the total population, 17.60% were under the age of 15, 13.74% aged 15 to 29, 47.22% aged 30 to 64, 19.24% aged 65 to 84, and 2.21% were 85 years of age and older.
Racial distribution of Beloit town population: 81.03% are White, 4.94% are Black or African American, 0.35% are American Indian and Alaska Native, 1.47% are Asian, 3.83% are some other race and 8.37% are multiracial.