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The total population of Monterey township is estimated to be 2,358 with 1,234 males (52.33%) and 1,124 females (47.67%). There are 110 less females than males in Monterey township.
The median household income in Monterey township was $83,577 in 2021, which marked an an increase of 9,450(12.75%) from $74,127 in 2020. This income is 112.02% 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, Monterey township sees its highest median household income among householders in the age group of 45 to 64 years old, at $93,368. Overall, the median household income for the township of Monterey township stands at $83,577.
In Monterey township, the median income for all workers aged 15 years and older, regardless of work hours, was $51,059 for males and $25,401 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $59,856 for males and $41,413 for females.
In Monterey township, population is primarily represented by White households, reporting a median income of $89,540.
In 2022, the population of Monterey township was 2,487, a 0.65% increase year-by-year from 2021. Previously, in 2021, Monterey township's population was 2,471, an increase of 1.06% compared to a population of 2,445 in 2020.
The median age in Monterey Township, Michigan is 42.4, as per 2021 ACS 5-Year Estimates. Of the total population, 16.47% were under the age of 15, 17.21% aged 15 to 29, 52.77% aged 30 to 64, 13.39% aged 65 to 84, and 0.16% were 85 years of age and older.
Racial distribution of Monterey township population: 92.12% are White, 0.98% are Black or African American, 0.47% are American Indian and Alaska Native, 0.55% are some other race and 5.89% are multiracial.