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The total population of Penn township is estimated to be 5,626 with 2,767 males (49.18%) and 2,859 females (50.82%). There are 92 more females than males in Penn township.
The median household income in Penn township was $94,098 in 2021, which marked an an increase of 3,323(3.66%) from $90,775 in 2020. This income is 126.13% 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, Penn township sees its highest median household income among householders in the age group of 45 to 64 years old, at $166,486. Overall, the median household income for the township of Penn township stands at $94,098.
In Penn township, the median income for all workers aged 15 years and older, regardless of work hours, was $69,072 for males and $27,932 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $93,994 for males and $50,443 for females.
In Penn township, population is primarily represented by White households, reporting a median income of $94,153.
In 2022, the population of Penn township was 5,667, a 0.27% increase year-by-year from 2021. Previously, in 2021, Penn township's population was 5,652, an increase of 0.27% compared to a population of 5,637 in 2020.
The median age in Penn township, Chester County, Pennsylvania is 48.5, as per 2021 ACS 5-Year Estimates. Of the total population, 17.66% were under the age of 15, 14.25% aged 15 to 29, 38.55% aged 30 to 64, 22.85% aged 65 to 84, and 6.70% were 85 years of age and older.
Racial distribution of Penn township population: 88.16% are White, 1.57% are Black or African American, 3.55% are Asian, 0.41% are some other race and 6.30% are multiracial.