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The total population of Homestead township is estimated to be 2,206 with 1,070 males (48.50%) and 1,136 females (51.50%). There are 66 more females than males in Homestead township.
The median household income in Homestead township was $70,049 in 2021, which marked an a decrease of 466(0.66%) from $70,515 in 2020. This income is 93.89% 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, Homestead township sees its highest median household income among householders in the age group of 25 to 44 years old, at $92,013. Overall, the median household income for the township of Homestead township stands at $70,049.
In Homestead township, the median income for all workers aged 15 years and older, regardless of work hours, was $32,050 for males and $24,861 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $48,078 for males and $39,819 for females.
In Homestead township, population is primarily represented by White households, reporting a median income of $70,710.
In 2022, the population of Homestead township was 2,377, a 0.30% increase year-by-year from 2021. Previously, in 2021, Homestead township's population was 2,370, an increase of 1.37% compared to a population of 2,338 in 2020.
The median age in Homestead Township, Michigan is 42.0, as per 2021 ACS 5-Year Estimates. Of the total population, 14.31% were under the age of 15, 21.38% aged 15 to 29, 47.78% aged 30 to 64, 15.96% aged 65 to 84, and 0.58% were 85 years of age and older.
Racial distribution of Homestead township population: 94.18% are White, 0.80% are American Indian and Alaska Native, 0.53% are Asian, 4.18% are some other race and 0.31% are multiracial.