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The total population of Lake Marshall township is estimated to be 720 with 352 males (48.89%) and 368 females (51.11%). There are 16 more females than males in Lake Marshall township.
The median household income in Lake Marshall township was $118,000 in 2021, which marked an an increase of 4,450(3.92%) from $113,550 in 2020. This income is 158.16% 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, Lake Marshall township sees its highest median household income among householders in the age group of 25 to 44 years old, at $145,355. Overall, the median household income for the township of Lake Marshall township stands at $118,000.
In Lake Marshall township, the median income for all workers aged 15 years and older, regardless of work hours, was $62,423 for males and $32,934 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $82,613 for males and $62,317 for females.
In Lake Marshall township, population is primarily represented by White households, reporting a median income of $121,603.
In 2022, the population of Lake Marshall township was 557, a 0.36% decrease year-by-year from 2021. Previously, in 2021, Lake Marshall township's population was 559, an increase of 0.72% compared to a population of 555 in 2020.
The median age in Lake Marshall Township, Minnesota is 36.9, as per 2021 ACS 5-Year Estimates. Of the total population, 23.48% were under the age of 15, 23.08% aged 15 to 29, 44.26% aged 30 to 64, 8.50% aged 65 to 84, and 0.67% were 85 years of age and older.
Racial distribution of Lake Marshall township population: 95.01% are White, 1.48% are Black or African American, 0.13% are Asian, 1.08% are some other race and 2.29% are multiracial.