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The total population of Fairbanks township is estimated to be 342 with 188 males (54.97%) and 154 females (45.03%). There are 34 less females than males in Fairbanks township.
The median household income in Fairbanks township was $55,397 in 2021, which marked an a decrease of 8,342(13.09%) from $63,739 in 2020. This income is 74.25% 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, Fairbanks township sees its highest median household income among householders in the age group of 25 to 44 years old, at $124,305. Overall, the median household income for the township of Fairbanks township stands at $55,397.
In Fairbanks township, the median income for all workers aged 15 years and older, regardless of work hours, was $39,453 for males and $20,267 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $65,530 for males and $62,491 for females.
In Fairbanks township, there are just two different racial groups among households. Among these, White households report a median household income of $51,175, while Two or More Races households have a median household income of $40,534.
In 2022, the population of Fairbanks township was 295, a 0.00% decrease year-by-year from 2021. Previously, in 2021, Fairbanks township's population was 295, a decline of 0.00% compared to a population of 295 in 2020.
The median age in Fairbanks Township, Michigan is 59.0, as per 2021 ACS 5-Year Estimates. Of the total population, 14.81% were under the age of 15, 12.04% aged 15 to 29, 34.88% aged 30 to 64, 35.80% aged 65 to 84, and 2.47% were 85 years of age and older.
Racial distribution of Fairbanks township population: 75.31% are White, 7.41% are American Indian and Alaska Native, 0.31% are Asian and 16.98% are multiracial.