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The total population of Malmo township is estimated to be 384 with 205 males (53.39%) and 179 females (46.61%). There are 26 less females than males in Malmo township.
The median household income in Malmo township was $51,343 in 2021, which marked an an increase of 2,949(6.09%) from $48,394 in 2020. This income is 68.82% 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, Malmo township sees its highest median household income among householders in the age group of 45 to 64 years old, at $53,877. Overall, the median household income for the township of Malmo township stands at $51,343.
In Malmo township, the median income for all workers aged 15 years and older, regardless of work hours, was $30,401 for males and $21,146 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $38,582 for males and $37,832 for females.
In Malmo township, population is primarily represented by White households, reporting a median income of $51,614.
In 2022, the population of Malmo township was 366, a 1.39% increase year-by-year from 2021. Previously, in 2021, Malmo township's population was 361, an increase of 1.40% compared to a population of 356 in 2020.
The median age in Malmo Township, Minnesota is 56.7, as per 2021 ACS 5-Year Estimates. Of the total population, 3.13% were under the age of 15, 18.80% aged 15 to 29, 46.21% aged 30 to 64, 30.29% aged 65 to 84, and 1.57% were 85 years of age and older.
Racial distribution of Malmo township population: 95.82% are White, 1.57% are Black or African American, 1.04% are Asian and 1.57% are multiracial.