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The total population of Loon Lake township is estimated to be 709 with 381 males (53.74%) and 328 females (46.26%). There are 53 less females than males in Loon Lake township.
The median household income in Loon Lake township was $71,610 in 2021, which marked an a decrease of 61(0.09%) from $71,671 in 2020. This income is 95.98% 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, Loon Lake township sees its highest median household income among householders in the age group of 25 to 44 years old, at $90,526. Overall, the median household income for the township of Loon Lake township stands at $71,610.
In Loon Lake township, the median income for all workers aged 15 years and older, regardless of work hours, was $36,892 for males and $28,772 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $57,423 for males and $47,121 for females.
In Loon Lake township, population is primarily represented by White households, reporting a median income of $70,598.
In 2022, the population of Loon Lake township was 648, a 2.05% increase year-by-year from 2021. Previously, in 2021, Loon Lake township's population was 635, an increase of 1.44% compared to a population of 626 in 2020.
The median age in Loon Lake Township, Minnesota is 38.5, as per 2021 ACS 5-Year Estimates. Of the total population, 25.35% were under the age of 15, 13.10% aged 15 to 29, 44.65% aged 30 to 64, 16.48% aged 65 to 84, and 0.42% were 85 years of age and older.
Racial distribution of Loon Lake township population: 98.17% are White and 1.83% are multiracial.