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The total population of Fayette township is estimated to be 913 with 447 males (48.96%) and 466 females (51.04%). There are 19 more females than males in Fayette township.
The median household income in Fayette township was $61,477 in 2021, which marked an a decrease of 4,528(6.86%) from $66,005 in 2020. This income is 82.40% 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, Fayette township sees its highest median household income among householders in the age group of 45 to 64 years old, at $106,470. Overall, the median household income for the township of Fayette township stands at $61,477.
In Fayette township, the median income for all workers aged 15 years and older, regardless of work hours, was $39,453 for males and $28,428 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $68,908 for males and $44,024 for females.
In Fayette township, population is primarily represented by White households, reporting a median income of $61,415.
In 2022, the population of Fayette township was 1,110, a 0.09% increase year-by-year from 2021. Previously, in 2021, Fayette township's population was 1,109, a decline of 0.09% compared to a population of 1,110 in 2020.
The median age in Fayette Township, Michigan is 43.5, as per 2021 ACS 5-Year Estimates. Of the total population, 17.62% were under the age of 15, 13.80% aged 15 to 29, 45.90% aged 30 to 64, 20.09% aged 65 to 84, and 2.58% were 85 years of age and older.
Racial distribution of Fayette township population: 96.07% are White, 0.67% are American Indian and Alaska Native, 0.56% are Asian and 2.69% are multiracial.