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The total population of Caro is estimated to be 4,294 with 2,185 males (50.88%) and 2,109 females (49.12%). There are 76 less females than males in Caro.
The median household income in Caro was $42,754 in 2021, which marked an an increase of 3,671(9.39%) from $39,083 in 2020. This income is 57.31% 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, Caro sees its highest median household income among householders in the age group of 25 to 44 years old, at $63,380. Overall, the median household income for the village of Caro stands at $42,754.
In Caro, the median income for all workers aged 15 years and older, regardless of work hours, was $23,619 for males and $21,104 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $56,847 for males and $44,453 for females.
In Caro, there are just two different racial groups among households. Among these, White households report a median household income of $43,236, while American Indian and Alaska Native households have a median household income of $12,278.
In 2022, the population of Caro was 4,285, a 0.26% decrease year-by-year from 2021. Previously, in 2021, Caro's population was 4,296, a decline of 0.58% compared to a population of 4,321 in 2020.
The median age in Caro, MI is 42.6, as per 2021 ACS 5-Year Estimates. Of the total population, 18.16% were under the age of 15, 17.46% aged 15 to 29, 42.31% aged 30 to 64, 17.81% aged 65 to 84, and 4.26% were 85 years of age and older.
Racial distribution of Caro population: 95.85% are White, 1.67% are Black or African American, 0.58% are American Indian and Alaska Native, 0.32% are some other race and 1.57% are multiracial.