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The total population of Michigantown is estimated to be 566 with 316 males (55.83%) and 250 females (44.17%). There are 66 less females than males in Michigantown.
The median household income in Michigantown was $58,639 in 2021, which marked an a decrease of 13,315(18.50%) from $71,954 in 2020. This income is 78.60% 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, Michigantown sees its highest median household income among householders in the age group of 25 to 44 years old, at $84,385. Overall, the median household income for the town of Michigantown stands at $58,639.
In Michigantown, the median income for all workers aged 15 years and older, regardless of work hours, was $48,101 for males and $29,050 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $62,491 for males and $42,899 for females.
In Michigantown, population is primarily represented by White households, reporting a median income of $57,829.
In 2022, the population of Michigantown was 425, a 1.39% decrease year-by-year from 2021. Previously, in 2021, Michigantown's population was 431, a decline of 0.69% compared to a population of 434 in 2020.
The median age in Michigantown, IN is 33.4, as per 2021 ACS 5-Year Estimates. Of the total population, 23.40% were under the age of 15, 24.40% aged 15 to 29, 39.00% aged 30 to 64, 11.60% aged 65 to 84, and 1.60% were 85 years of age and older.
Racial distribution of Michigantown population: 94.60% are White, 1.20% are Black or African American, 0.60% are some other race and 3.60% are multiracial.