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The total population of Laketown township is estimated to be 5,989 with 3,047 males (50.88%) and 2,942 females (49.12%). There are 105 less females than males in Laketown township.
The median household income in Laketown township was $86,091 in 2021, which marked an an increase of 1,505(1.78%) from $84,586 in 2020. This income is 115.39% 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, Laketown township sees its highest median household income among householders in the age group of 25 to 44 years old, at $96,438. Overall, the median household income for the township of Laketown township stands at $86,091.
In Laketown township, the median income for all workers aged 15 years and older, regardless of work hours, was $53,627 for males and $32,475 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $69,390 for males and $46,741 for females.
In Laketown township, the demographic landscape is diverse, spanning 4 distinct racial categories among households. Among these, Asian households have the highest median household income at $270,229, while American Indian and Alaska Native households represent the opposite end with the lowest median household income of $3,430.
In 2022, the population of Laketown township was 6,146, a 1.59% increase year-by-year from 2021. Previously, in 2021, Laketown township's population was 6,050, an increase of 1.70% compared to a population of 5,949 in 2020.
The median age in Laketown Township, Michigan is 46.4, as per 2021 ACS 5-Year Estimates. Of the total population, 18.67% were under the age of 15, 14.38% aged 15 to 29, 44.67% aged 30 to 64, 19.28% aged 65 to 84, and 3.00% were 85 years of age and older.
Racial distribution of Laketown township population: 93.04% are White, 1.30% are Black or African American, 0.78% are American Indian and Alaska Native, 2.02% are Asian, 1.61% are some other race and 1.25% are multiracial.