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The total population of Borgholm township is estimated to be 1,767 with 952 males (53.88%) and 815 females (46.12%). There are 137 less females than males in Borgholm township.
The median household income in Borgholm township was $82,195 in 2021, which marked an a decrease of 1,707(2.03%) from $83,902 in 2020. This income is 110.17% 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, Borgholm township sees its highest median household income among householders in the age group of 45 to 64 years old, at $106,740. Overall, the median household income for the township of Borgholm township stands at $82,195.
In Borgholm township, the median income for all workers aged 15 years and older, regardless of work hours, was $53,890 for males and $33,302 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $60,084 for males and $65,241 for females.
In Borgholm township, there are just two different racial groups among households. Among these, Two or More Races households report a median household income of $89,626, while White households have a median household income of $82,345.
In 2022, the population of Borgholm township was 1,885, a 1.02% increase year-by-year from 2021. Previously, in 2021, Borgholm township's population was 1,866, an increase of 2.02% compared to a population of 1,829 in 2020.
The median age in Borgholm Township, Minnesota is 35.9, as per 2021 ACS 5-Year Estimates. Of the total population, 25.30% were under the age of 15, 15.49% aged 15 to 29, 49.02% aged 30 to 64, 10.18% aged 65 to 84, and 0.00% were 85 years of age and older.
Racial distribution of Borgholm township population: 94.42% are White, 0.81% are Black or African American, 1.84% are Asian and 2.93% are multiracial.