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The total population of Lake township is estimated to be 451 with 249 males (55.21%) and 202 females (44.79%). There are 47 less females than males in Lake township.
The median household income in Lake township was $46,089 in 2021, which marked an a decrease of 3,221(6.53%) from $49,310 in 2020. This income is 61.78% 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 township sees its highest median household income among householders in the age group of 25 to 44 years old, at $96,703. Overall, the median household income for the township of Lake township stands at $46,089.
In Lake township, the median income for all workers aged 15 years and older, regardless of work hours, was $30,207 for males and $18,434 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $73,262 for males and $41,097 for females.
In Lake township, population is primarily represented by White households, reporting a median income of $46,089.
In 2022, the population of Lake township was 498, a 0.20% increase year-by-year from 2021. Previously, in 2021, Lake township's population was 497, a decline of 0.20% compared to a population of 498 in 2020.
The median age in Lake township, Menominee County, Michigan is 58.6, as per 2021 ACS 5-Year Estimates. Of the total population, 5.80% were under the age of 15, 16.24% aged 15 to 29, 47.56% aged 30 to 64, 26.91% aged 65 to 84, and 3.48% were 85 years of age and older.
Racial distribution of Lake township population: 94.66% are White, 5.10% are Black or African American and 0.23% are multiracial.