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The total population of Lake Park township is estimated to be 571 with 281 males (49.21%) and 290 females (50.79%). There are 9 more females than males in Lake Park township.
The median household income in Lake Park township was $108,091 in 2021, which marked an an increase of 12,482(13.06%) from $95,609 in 2020. This income is 144.88% 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 Park township sees its highest median household income among householders in the age group of 45 to 64 years old, at $118,225. Overall, the median household income for the township of Lake Park township stands at $108,091.
In Lake Park township, the median income for all workers aged 15 years and older, regardless of work hours, was $52,244 for males and $33,328 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $70,259 for males and $70,259 for females.
In Lake Park township, population is primarily represented by White households, reporting a median income of $109,781.
In 2022, the population of Lake Park township was 554, a 0.36% increase year-by-year from 2021. Previously, in 2021, Lake Park township's population was 552, an increase of 0.36% compared to a population of 550 in 2020.
The median age in Lake Park Township, Minnesota is 47.8, as per 2021 ACS 5-Year Estimates. Of the total population, 20.18% were under the age of 15, 12.84% aged 15 to 29, 41.10% aged 30 to 64, 19.63% aged 65 to 84, and 6.24% were 85 years of age and older.
Racial distribution of Lake Park township population: 95.41% are White, 1.65% are American Indian and Alaska Native, 0.55% are Asian and 2.39% are multiracial.