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The total population of Fairbanks township is estimated to be 125 with 53 males (42.40%) and 72 females (57.60%). There are 19 more females than males in Fairbanks township.
The median household income in Fairbanks township was $40,062 in 2021, which marked an a decrease of 2,174(5.15%) from $42,236 in 2020. This income is 53.70% 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 45 to 64 years old, at $54,046. Overall, the median household income for the township of Fairbanks township stands at $40,062.
In Fairbanks township, the median income for all workers aged 15 years and older, regardless of work hours, was $38,507 for males and $27,902 for females. However, when specifically considering full-time, year-round workers within the same age group, while the Census reported a median income of $66,881 for males, while data for females was unavailable due to an insufficient number of sample observations.
In Fairbanks township, population is primarily represented by White households, reporting a median income of $39,994.
In 2022, the population of Fairbanks township was 70, a 0.00% decrease year-by-year from 2021. Previously, in 2021, Fairbanks township's population was 70, a decline of 0.00% compared to a population of 70 in 2020.
The median age in Fairbanks Township, Minnesota is 68.8, as per 2021 ACS 5-Year Estimates. Of the total population, 0.00% were under the age of 15, 5.05% aged 15 to 29, 39.39% aged 30 to 64, 55.56% aged 65 to 84, and 0.00% were 85 years of age and older.
Racial distribution of Fairbanks township population: 98.99% are White and 1.01% are multiracial.