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The total population of Otsego Lake township is estimated to be 2,869 with 1,573 males (54.83%) and 1,296 females (45.17%). There are 277 less females than males in Otsego Lake township.
The median household income in Otsego Lake township was $71,610 in 2021, which marked an an increase of 904(1.28%) from $70,706 in 2020. This income is 95.98% 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, Otsego Lake township sees its highest median household income among householders in the age group of 25 to 44 years old, at $97,282. Overall, the median household income for the township of Otsego Lake township stands at $71,610.
In Otsego Lake township, the median income for all workers aged 15 years and older, regardless of work hours, was $40,851 for males and $26,079 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $57,938 for males and $43,444 for females.
In Otsego Lake township, population is primarily represented by White households, reporting a median income of $70,410.
In 2022, the population of Otsego Lake township was 2,914, a 1.11% increase year-by-year from 2021. Previously, in 2021, Otsego Lake township's population was 2,882, an increase of 0.80% compared to a population of 2,859 in 2020.
The median age in Otsego Lake Township, Michigan is 42.2, as per 2021 ACS 5-Year Estimates. Of the total population, 17.52% were under the age of 15, 15.08% aged 15 to 29, 45.72% aged 30 to 64, 17.87% aged 65 to 84, and 3.80% were 85 years of age and older.
Racial distribution of Otsego Lake township population: 98.08% are White, 0.35% are some other race and 1.57% are multiracial.