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The total population of Putnam township is estimated to be 7,928 with 3,981 males (50.21%) and 3,947 females (49.79%). There are 34 less females than males in Putnam township.
The median household income in Putnam township was $94,159 in 2021, which marked an an increase of 3,049(3.35%) from $91,110 in 2020. This income is 126.21% 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, Putnam township sees its highest median household income among householders in the age group of 25 to 44 years old, at $139,375. Overall, the median household income for the township of Putnam township stands at $94,159.
In Putnam township, the median income for all workers aged 15 years and older, regardless of work hours, was $57,479 for males and $28,374 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $85,846 for males and $55,164 for females.
In Putnam township, there are just two different racial groups among households. Among these, White households report a median household income of $97,598, while Two or More Races households have a median household income of $17,845.
In 2022, the population of Putnam township was 7,870, a 0.28% decrease year-by-year from 2021. Previously, in 2021, Putnam township's population was 7,892, an increase of 0.14% compared to a population of 7,881 in 2020.
The median age in Putnam Township, Michigan is 45.6, as per 2021 ACS 5-Year Estimates. Of the total population, 13.93% were under the age of 15, 18.98% aged 15 to 29, 50.27% aged 30 to 64, 16.09% aged 65 to 84, and 0.73% were 85 years of age and older.
Racial distribution of Putnam township population: 96.56% are White, 0.30% are Black or African American, 0.19% are American Indian and Alaska Native, 1.55% are Asian and 1.41% are multiracial.