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The total population of Lakefield township is estimated to be 956 with 442 males (46.23%) and 514 females (53.77%). There are 72 more females than males in Lakefield township.
The median household income in Lakefield township was $61,638 in 2021, which marked an a decrease of 227(0.37%) from $61,865 in 2020. This income is 82.62% 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, Lakefield township sees its highest median household income among householders in the age group of 25 to 44 years old, at $83,964. Overall, the median household income for the township of Lakefield township stands at $61,638.
In Lakefield township, the median income for all workers aged 15 years and older, regardless of work hours, was $46,989 for males and $19,816 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $54,991 for males and $43,236 for females.
In Lakefield township, population is primarily represented by White households, reporting a median income of $61,959.
In 2022, the population of Lakefield township was 1,130, a 0.18% decrease year-by-year from 2021. Previously, in 2021, Lakefield township's population was 1,132, an increase of 0.09% compared to a population of 1,131 in 2020.
The median age in Lakefield township, Luce County, Michigan is 61.6, as per 2021 ACS 5-Year Estimates. Of the total population, 8.88% were under the age of 15, 10.70% aged 15 to 29, 41.51% aged 30 to 64, 37.34% aged 65 to 84, and 1.57% were 85 years of age and older.
Racial distribution of Lakefield township population: 98.30% are White, 0.39% are American Indian and Alaska Native and 1.31% are multiracial.