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The total population of Farm Island township is estimated to be 856 with 393 males (45.91%) and 463 females (54.09%). There are 70 more females than males in Farm Island township.
The median household income in Farm Island township was $59,450 in 2021, which marked an a decrease of 1,811(2.96%) from $61,261 in 2020. This income is 79.69% 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, Farm Island township sees its highest median household income among householders in the age group of 25 to 44 years old, at $93,679. Overall, the median household income for the township of Farm Island township stands at $59,450.
In Farm Island township, the median income for all workers aged 15 years and older, regardless of work hours, was $42,283 for males and $21,111 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $66,622 for males and $55,397 for females.
In Farm Island township, population is primarily represented by White households, reporting a median income of $59,450.
In 2022, the population of Farm Island township was 1,025, a 1.28% increase year-by-year from 2021. Previously, in 2021, Farm Island township's population was 1,012, an increase of 1.81% compared to a population of 994 in 2020.
The median age in Farm Island Township, Minnesota is 64.2, as per 2021 ACS 5-Year Estimates. Of the total population, 7.97% were under the age of 15, 5.23% aged 15 to 29, 37.91% aged 30 to 64, 45.62% aged 65 to 84, and 3.27% were 85 years of age and older.
Racial distribution of Farm Island township population: 100% are White.