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The total population of Lafayette township is estimated to be 742 with 373 males (50.27%) and 369 females (49.73%). There are 4 less females than males in Lafayette township.
The median household income in Lafayette township was $111,776 in 2021, which marked an an increase of 2,357(2.15%) from $109,419 in 2020. This income is 149.82% 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, Lafayette township sees its highest median household income among householders in the age group of 25 to 44 years old, at $127,908. Overall, the median household income for the township of Lafayette township stands at $111,776.
In Lafayette township, the median income for all workers aged 15 years and older, regardless of work hours, was $59,450 for males and $43,543 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $65,193 for males and $54,877 for females.
In Lafayette township, population is primarily represented by White households, reporting a median income of $111,776.
In 2022, the population of Lafayette township was 691, a 0.58% decrease year-by-year from 2021. Previously, in 2021, Lafayette township's population was 695, a decline of 0.71% compared to a population of 700 in 2020.
The median age in Lafayette Township, Minnesota is 34.7, as per 2021 ACS 5-Year Estimates. Of the total population, 25.64% were under the age of 15, 15.43% aged 15 to 29, 44.77% aged 30 to 64, 13.78% aged 65 to 84, and 0.38% were 85 years of age and older.
Racial distribution of Lafayette township population: 99.36% are White and 0.64% are multiracial.