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The total population of Lower Merion township is estimated to be 63,567 with 29,780 males (46.85%) and 33,787 females (53.15%). There are 4,007 more females than males in Lower Merion township.
The median household income in Lower Merion township was $160,754 in 2021, which marked an an increase of 1,549(0.97%) from $159,205 in 2020. This income is 215.47% 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, Lower Merion township sees its highest median household income among householders in the age group of 45 to 64 years old, at $218,386. Overall, the median household income for the township of Lower Merion township stands at $160,754.
In Lower Merion township, the median income for all workers aged 15 years and older, regardless of work hours, was $110,185 for males and $53,998 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $175,274 for males and $95,436 for females.
In Lower Merion township, the demographic landscape is diverse, spanning 5 distinct racial categories among households. Among these, Some Other Race households have the highest median household income at $225,383, while Black or African American households represent the opposite end with the lowest median household income of $75,024.
In 2022, the population of Lower Merion township was 64,151, a 0.25% decrease year-by-year from 2021. Previously, in 2021, Lower Merion township's population was 64,313, an increase of 0.87% compared to a population of 63,757 in 2020.
The median age in Lower Merion Township, Pennsylvania is 42.4, as per 2021 ACS 5-Year Estimates. Of the total population, 20.82% were under the age of 15, 15.30% aged 15 to 29, 43.31% aged 30 to 64, 17.24% aged 65 to 84, and 3.34% were 85 years of age and older.
Racial distribution of Lower Merion township population: 79.71% are White, 7.11% are Black or African American, 0.08% are American Indian and Alaska Native, 7.74% are Asian, 0.06% are Native Hawaiian and other Pacific Islander, 0.61% are some other race and 4.69% are multiracial.