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The total population of New Market township is estimated to be 3,547 with 1,891 males (53.31%) and 1,656 females (46.69%). There are 235 less females than males in New Market township.
The median household income in New Market township was $147,704 in 2021, which marked an an increase of 20,388(16.01%) from $127,316 in 2020. This income is 197.98% 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, New Market township sees its highest median household income among householders in the age group of 45 to 64 years old, at $180,783. Overall, the median household income for the township of New Market township stands at $147,704.
In New Market township, the median income for all workers aged 15 years and older, regardless of work hours, was $64,768 for males and $38,464 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $101,397 for males and $80,489 for females.
In New Market township, population is primarily represented by White households, reporting a median income of $149,977.
In 2022, the population of New Market township was 3,571, a 0.33% decrease year-by-year from 2021. Previously, in 2021, New Market township's population was 3,583, an increase of 1.27% compared to a population of 3,538 in 2020.
The median age in New Market Township, Minnesota is 47.0, as per 2021 ACS 5-Year Estimates. Of the total population, 13.82% were under the age of 15, 20.45% aged 15 to 29, 47.68% aged 30 to 64, 16.88% aged 65 to 84, and 1.16% were 85 years of age and older.
Racial distribution of New Market township population: 94.48% are White, 0.14% are Black or African American, 2.29% are Asian, 0.31% are some other race and 2.78% are multiracial.