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The total population of Laketon township is estimated to be 7,638 with 3,826 males (50.09%) and 3,812 females (49.91%). There are 14 less females than males in Laketon township.
The median household income in Laketon township was $89,175 in 2021, which marked an an increase of 2,374(2.73%) from $86,801 in 2020. This income is 119.53% 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, Laketon township sees its highest median household income among householders in the age group of 45 to 64 years old, at $108,409. Overall, the median household income for the township of Laketon township stands at $89,175.
In Laketon township, the median income for all workers aged 15 years and older, regardless of work hours, was $53,761 for males and $30,367 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $72,491 for males and $46,143 for females.
In Laketon township, there are just three different racial groups among households. Among these, Two or More Races households report a median household income of $134,889, followed by White households at $88,936, and Black or African American households with a median household income of $63,934.
In 2022, the population of Laketon township was 7,654, a 0.04% decrease year-by-year from 2021. Previously, in 2021, Laketon township's population was 7,657, an increase of 0.43% compared to a population of 7,624 in 2020.
The median age in Laketon Township, Michigan is 49.1, as per 2021 ACS 5-Year Estimates. Of the total population, 15.34% were under the age of 15, 17.24% aged 15 to 29, 47.01% aged 30 to 64, 17.73% aged 65 to 84, and 2.68% were 85 years of age and older.
Racial distribution of Laketon township population: 89.97% are White, 1.98% are Black or African American, 0.91% are American Indian and Alaska Native, 0.82% are Asian, 1.29% are some other race and 5.04% are multiracial.