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The total population of Elk Lake township is estimated to be 311 with 153 males (49.20%) and 158 females (50.80%). There are 5 more females than males in Elk Lake township.
The median household income in Elk Lake township was $84,446 in 2021, which marked an a decrease of 965(1.13%) from $85,411 in 2020. This income is 113.19% 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, Elk Lake township sees its highest median household income among householders in the age group of 45 to 64 years old, at $108,316. Overall, the median household income for the township of Elk Lake township stands at $84,446.
In Elk Lake township, the median income for all workers aged 15 years and older, regardless of work hours, was $44,926 for males and $26,347 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $65,626 for males and $69,359 for females.
In Elk Lake township, population is primarily represented by White households, reporting a median income of $85,122.
In 2022, the population of Elk Lake township was 279, a 0.36% decrease year-by-year from 2021. Previously, in 2021, Elk Lake township's population was 280, an increase of 1.08% compared to a population of 277 in 2020.
The median age in Elk Lake Township, Minnesota is 50.3, as per 2021 ACS 5-Year Estimates. Of the total population, 24.70% were under the age of 15, 6.30% aged 15 to 29, 40.44% aged 30 to 64, 26.63% aged 65 to 84, and 1.94% were 85 years of age and older.
Racial distribution of Elk Lake township population: 89.35% are White, 0.24% are American Indian and Alaska Native and 10.41% are multiracial.