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The total population of Homestead township is estimated to be 310 with 171 males (55.16%) and 139 females (44.84%). There are 32 less females than males in Homestead township.
The median household income in Homestead township was $69,449 in 2021, which marked an an increase of 6,843(10.93%) from $62,606 in 2020. This income is 93.09% 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 45 to 64 years old, at $121,941. Overall, the median household income for the township of Homestead township stands at $69,449.
In Homestead township, the median income for all workers aged 15 years and older, regardless of work hours, was $54,496 for males and $35,580 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $60,801 for males and $63,504 for females.
In Homestead township, population is primarily represented by White households, reporting a median income of $69,449.
In 2022, the population of Homestead township was 396, a 0.25% increase year-by-year from 2021. Previously, in 2021, Homestead township's population was 395, a decline of 0.25% compared to a population of 396 in 2020.
The median age in Homestead Township, Minnesota is 43.6, as per 2021 ACS 5-Year Estimates. Of the total population, 19.37% were under the age of 15, 17.78% aged 15 to 29, 40.00% aged 30 to 64, 22.86% aged 65 to 84, and 0.00% were 85 years of age and older.
Racial distribution of Homestead township population: 97.46% are White, 0.95% are American Indian and Alaska Native, 0.32% are Asian and 1.27% are multiracial.