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The total population of Peace township is estimated to be 883 with 469 males (53.11%) and 414 females (46.89%). There are 55 less females than males in Peace township.
The median household income in Peace township was $78,366 in 2021, which marked an an increase of 3,295(4.39%) from $75,071 in 2020. This income is 105.04% 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, Peace township sees its highest median household income among householders in the age group of 25 to 44 years old, at $107,512. Overall, the median household income for the township of Peace township stands at $78,366.
In Peace township, the median income for all workers aged 15 years and older, regardless of work hours, was $49,541 for males and $37,912 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $55,752 for males and $52,501 for females.
In Peace township, population is primarily represented by White households, reporting a median income of $79,911.
In 2022, the population of Peace township was 991, a 1.85% increase year-by-year from 2021. Previously, in 2021, Peace township's population was 973, an increase of 1.35% compared to a population of 960 in 2020.
The median age in Peace Township, Minnesota is 55.9, as per 2021 ACS 5-Year Estimates. Of the total population, 9.41% were under the age of 15, 9.41% aged 15 to 29, 56.33% aged 30 to 64, 24.30% aged 65 to 84, and 0.56% were 85 years of age and older.
Racial distribution of Peace township population: 94.85% are White, 0.45% are Black or African American, 0.67% are American Indian and Alaska Native and 4.03% are multiracial.