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The total population of Penn township is estimated to be 2,149 with 1,170 males (54.44%) and 979 females (45.56%). There are 191 less females than males in Penn township.
The median household income in Penn township was $83,202 in 2021, which marked an a decrease of 8,582(9.35%) from $91,784 in 2020. This income is 111.52% 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 65 years and over old, at $100,370. Overall, the median household income for the township of Penn township stands at $83,202.
In Penn township, the median income for all workers aged 15 years and older, regardless of work hours, was $49,164 for males and $24,138 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $58,927 for males and $39,369 for females.
In Penn township, there are just three different racial groups among households. Among these, Two or More Races households report a median household income of $87,631, followed by White households at $71,750, and Black or African American households with a median household income of $40,985.
In 2022, the population of Penn township was 1,750, a 0.23% decrease year-by-year from 2021. Previously, in 2021, Penn township's population was 1,754, a decline of 0.11% compared to a population of 1,756 in 2020.
The median age in Penn Township, Michigan is 50.0, as per 2021 ACS 5-Year Estimates. Of the total population, 17.12% were under the age of 15, 14.33% aged 15 to 29, 37.40% aged 30 to 64, 28.56% aged 65 to 84, and 2.60% were 85 years of age and older.
Racial distribution of Penn township population: 72.21% are White, 4.90% are Black or African American, 0.43% are American Indian and Alaska Native, 1.15% are Asian, 10.96% are some other race and 10.34% are multiracial.