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The total population of Fall Lake township is estimated to be 585 with 289 males (49.40%) and 296 females (50.60%). There are 7 more females than males in Fall Lake township.
The median household income in Fall Lake township was $78,535 in 2021, which marked an a decrease of 7,867(9.11%) from $86,402 in 2020. This income is 105.27% 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, Fall Lake township sees its highest median household income among householders in the age group of 45 to 64 years old, at $94,580. Overall, the median household income for the township of Fall Lake township stands at $78,535.
In Fall Lake township, the median income for all workers aged 15 years and older, regardless of work hours, was $48,101 for males and $30,094 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $59,082 for males and $49,992 for females.
In Fall Lake township, population is primarily represented by White households, reporting a median income of $78,254.
In 2022, the population of Fall Lake township was 635, a 0.00% decrease year-by-year from 2021. Previously, in 2021, Fall Lake township's population was 635, an increase of 1.60% compared to a population of 625 in 2020.
The median age in Fall Lake Township, Minnesota is 66.2, as per 2021 ACS 5-Year Estimates. Of the total population, 6.77% were under the age of 15, 5.41% aged 15 to 29, 32.83% aged 30 to 64, 49.92% aged 65 to 84, and 5.08% were 85 years of age and older.
Racial distribution of Fall Lake township population: 97.63% are White, 0.17% are Black or African American and 2.20% are multiracial.